March 25, 2023

Dubai Week

Complete Dubai News World


1.7 billion dirhams, stock market cash flow

D + D – Normal size

Local stock markets fell at the end of yesterday’s session, with selling pressures affecting a wide range of leading stocks.

The Abu Dhabi market was down 0.18% at 8,689.79 points and the Dubai market was down 1.96% at 3,146.67 points.

The shares attracted about 1.76 billion dirhams in cash, 1.42 billion dirhams in Abu Dhabi and 338.7 million dirhams in Dubai. A total of 380.1 million shares were traded, including 211.5 million in Abu Dhabi and 168.58 million in Dubai through 12,085 deals.

Abu Dhabi Market

The Abu Dhabi market consolidated “first Abu Dhabi” share of the banking sector strengthened by 0.79%, while “Abu Dhabi Commercial” and “Abu Dhabi Islamic” declined by about 0.68% and 0.58%, respectively. The share of “Etisalat” increased by 0.25% and the telecommunications sector grew with the stability of “Yahsat”.

“International Holdings” topped 350.3 million dirhams, down 0.58%, topping “First Abu Dhabi” with 285.4 million dirhams. “Fujairah Building Industries” grew the largest by 14.67%, while Al Qudra Holdings’ lowest by 6.3%.

Dubai Market

The Dubai market was hit by a 1.3% decline in the banking sector, with “Dubai Islami” down 0.72% and Emirates NBD down 1.85%. The real estate sector fell 3.29%, with Emaar Properties down 3.52%, Emaar Development down 3.21% and Deyaar down 3.45%.

The investment sector fell 2.5% as the “Dubai financial market” fell 4.03% and “Dubai investment” fell 1.86%. After “Air Arabia” fell 1.38% and “Aramex” 1.71%, the transport sector fell 1.5 percent.

“Emaar Properties” topped the list with a cash flow of around 127.7 million dirhams, followed by “Dubai Financial Market” with 38 million dirhams and then “Dubai Islamic” with 37 million dirhams.

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