August 14, 2022

Dubai Week

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Financial markets end the trading session with market gains of 9 billion dirhams

Financial markets end the trading session with market gains of 9 billion dirhams

Local financial markets rose by the end of trading today, recording market gains of around nine billion dirhams, with 3.6 billion dirhams distributed on the Dubai Financial Market and 5.4 billion dirhams on the Abu Dhabi Stock Exchange.

The Dubai Financial Market Index rose 0.49% or 15.53 points to close at 3186.43 points with transactions worth Dh214.48 million.

The Dubai Financial Market’s market capitalization increased to Dh539.48 billion from Dh535.89 billion, bringing the market to a gain of Dh3.59 billion.

Out of the 29 companies whose shares were traded in the session, 12 companies advanced, while 12 companies declined and five companies remained stable.

“To” shares increased by 6.94% to 6.16 dirhams, with transactions of 6.84 million dirhams, while “Takaful House” increased by 1.97% to 0.979 dirhams, with transactions of 137.19 thousand dirhams.

In turn, “Union Cope” shares rose 1.69% to 3.62 dirhams in the second trading session in the market, and transactions reached 10.2 million dirhams.

“Emaar Properties” was the most traded stock, with an increase of 0.56% to reach 5.34 dirhams, the transaction close to 67.18 million dirhams, with a trading volume of 12.6 million shares, followed by “Tecom Group”. With an increase of 1.3%, 2.33 dirhams, transactions were 21.38 million dirhams, and a trading volume of 9.14 million shares.

The Abu Dhabi Securities Exchange Index ended yesterday’s session up 0.55% at 9,249.71 points, with transactions worth Dh1.18 billion.

Of the 50 traded companies, 25 advanced, 16 declined and nine were flat.

In turn, «First Abu Dhabi» shares closed up 0.8% at 18.80 dirhams, with transactions exceeding 10 million shares, while «Etisalat» shares rose 2% at 26.04 dirhams, with transactions of almost two million shares.

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Shares of “Multiplay” rose 0.6% to 1.74 dirhams, with a transaction volume of 36 million shares, while shares of “ADNOC Distribution” rose 0.7% to 4.24 dirhams, with more than 11 million shares traded.

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