June 6, 2023

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Emirates News Agency – Local stock profits hit 106 billion dirhams in April

ABU DHABI, 29th April, 2020 (WAM) — Local stock exchanges’ market gains exceeded AED 106 billion in the April trading month, supported by gains in leading stocks and new listings including “Al Ansari” and “MBME”.

Market gains for April were distributed at 80.1 billion dirhams for stocks listed on the Abu Dhabi Stock Exchange and 26.2 billion dirhams for stocks listed on the Dubai Financial Market, according to monitoring by Emirates News Agency WAM. .

The market capitalization of listed stocks in both markets rose from 3.317 trillion dirhams at the end of last March to 3.423 trillion dirhams at the end of yesterday’s session, with 2.801 trillion dirhams distributed to stocks listed on the Abu Dhabi Securities Market and 622. billion dirhams to stocks listed on the Dubai Financial Market.

Local stocks attracted about 26.6 billion dirhams of liquidity in April, 20.6 billion dirhams were distributed in the Abu Dhabi market and 6 billion dirhams in the Dubai market, and about 6.9 billion shares were traded by executing more than 332.7 thousand contracts.

– Abu Dhabi Market.

The FTSE Abu Dhabi market index, “Fadji”, gained 3.81%, or the equivalent of 359 points, to end at 9,789.17 points, while the Abu Dhabi market index “Vadex 15” was up 3.93%, or the equivalent. 365.6 points to close at 9,660.21 points.Both the indices posted their biggest monthly gains since last October.

The Abu Dhabi market’s gains in April were supported by growth in financials 2.95%, consumer goods 9.58%, real estate 15.2%, industrials 1.08%, energy 7% and communications 8.3%. The market index increased by 1.22%.

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Shares in the Abu Dhabi market recorded strong gains in April, with “Bayanat” gaining more than 17.7%, “Altar Properties” up 16.1%, “Abu Dhabi Islamic” up 13.8%, “Aqtia” up 12.1%, “First Abu Dhabi” up 10.1%, and “Dana Khao” up 9.7%. 9.1%, Abu Dhabi Ports 9.1%, A& 8.8%, ADNOC Drilling 8.6%, ADNOC Gas 7%, Abu Dhabi Trading 6.3%, ADNOC Distribution 3%. %

“Al-Alamiya Holding” attracted more than 4.9 billion dirhams in liquidity, followed by “Al-Afa Abu Dhabi” with about 2.14 billion dirhams, then “Multiple” with 1.2 billion dirhams, “Al-Taar Assets” with 1.16 billion. dirhams, and “ADNOC Gas” 1.04 billion dirhams.

Dubai market.

The general index of the Dubai Financial Market rose 4%, or the equivalent of 138 points, to close at 3,544.79 points in April, its highest level in a year, while the financial sector index rose 6.7%. , real estate 4.6%, industrials 4%, and consumer goods 13.2%.

Performance of the Dubai market strengthened in April, with “Dubai Islamic” shares up 6.3%, “Emirates NBD” up 7.2%, “Emaar Properties” up 5.9%, “Al-Ansari” up 15.5%, “Dubai Financial Market” up 18.1%, and “Air Arabia” 3.3%. %, Salik 3.46%, and Tecom 1.7%.

The share of “Emaar Properties” received the largest share of total trading in April, attracting liquidity of about 1.37 billion dirhams, followed by “Emirates NBD”, which attracted about 527.2 million dirhams, then “Ajman Bank” with 526.2 million dirhams and “Dubai Islamic” with a liquidity of 524.8 million dirhams. ” and 428.9 million dirhams in the Dubai Financial Market.

Ahmad Al Bodli / Rami Samih