August 8, 2022

Dubai Week

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Emirates News Agency - Local shares fetch 14.8 billion dirhams... and the Abu Dhabi market is rising at its fastest pace since early July.

Emirates News Agency – Local shares fetch 14.8 billion dirhams… and the Abu Dhabi market is rising at its fastest pace since early July.

ABU DHABI, 14th July / WAM / Local bourses increased by more than 14.8 billion dirhams by the end of trading today, the fastest pace since the beginning of this July.

According to the monitoring of the Emirates News Agency “WAM”, the market value of the local markets increased from 2.45 trillion dirhams yesterday to 2.464 trillion dirhams at the end of today’s session, 1.93 trillion dirhams were distributed to the Abu Dhabi Stock Exchange and 530. billion dirhams to the Dubai Financial Market.

The Dubai Financial Market Index gained 1.31%, supported by gains in banking, investment, real estate and communications stocks, after the FTSE Abu Dhabi general market index rose 0.94% to end at 9176.53. 3,153.87 points, impact of rise in real estate stocks is banking and investment.

Around 1.34 billion dirhams of 1.139 billion dirhams in distributed shares on the Abu Dhabi market and 203.7 million dirhams on the Dubai Financial Market attracted liquidity by processing 12.7 thousand transactions after trading more than 230 million shares.

The performance of the Abu Dhabi market strengthened, with “First Abu Dhabi” shares up 1.96%, “Abu Dhabi Commercial” up 1.71%, “Abu Dhabi Islamic” up 1.67%, “Altar Properties” up 1.35%, and “Emirates Communications – E&” up 1.03%, while “International Holding ” rose 0.0% to top the list of activities with a cash flow of more than 313.7 million dirhams.

The Dubai market also strengthened with shares of “Emirates NBD” up 3.34%, “Dubai Financial Market” up 8%, “Dubai Islamic” up 0.9% and “Emaar Properties” up 2.37%. The operation attracts a cash flow of about 51.58 million dirhams.

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Wham / Rami Sami / Assem El Gowli