Saturday, April 20, 2024

“Deva” shares account for 58.5% of the trading on the Dubai Financial Market


The Dubai Financial Market Index rose 0.4% yesterday to close at 3582 points with a value of 639 million dirhams. Of the 29 companies traded in yesterday’s session, 13 stocks rose, 12 stocks declined and 4 remained unchanged.

Shares of the Dubai Electricity and Water Authority (DEWA) rose 15.7% to close at 2.81 dirhams, up 15.7% from the previous day. Despite this decline, Deva’s share is still 13.3% higher than the subscription price of 2.48 dirhams, bringing the market value of the company’s shares to 140.5 billion dirhams, making it the largest listed company in terms of market capitalization.

With a value of 373.4 million dirhams, “Deva” shares topped the market for the second consecutive day with trading values ​​and volumes equal to 58.5% of the total trading value, while the stock’s trading volume reached about 131 million shares. , Accounting for 39.6% of the market volume.

The stock has succeeded in gaining a leading position in the list of major stocks, which, after listing it, is considered to be the largest in the history of the region’s markets.

Shares of “Emaar Properties” closed at its previous price of six dirhams, with nearly 13 million shares traded.

Shares of “Theor Development” were up 2% at 0.50 dirhams, with about 55 million shares traded, while “Union Properties” was up 3.5% at 0.263 dirhams, trading at around 27 million. Shares of “Dubai Islami” rose 0.5% to 6.20 dirhams, with a turnover of nearly five million shares, while the shares of “Dubai Financial Market” fell 2.5% to 2.68 dirhams and traded above nine million shares.

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The Abu Dhabi Securities Exchange closed yesterday, down six points at 10,090 points, with a total of 1.6 billion dirhams worth of transactions.

Of the 52 companies traded, 30 stocks traded, 12 stocks fell and 10 stocks remained stable.

Shares of Eshraq Investments rose 2.6% to 0.514 dirhams, with a turnover of nearly 42 million shares, while Al Dar Properties rose 1.4% to 5.2 dirhams, with a turnover of about 59 million.

Shares of “First Abu Dhabi” traded down 1% at 23.40 dirhams, with nearly 10 million shares traded, while “TAQA” traded down 3.6% at 1.33 dirhams, trading at nearly 5 million shares.

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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