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Home»News»Local equity liquidity exceeded 3.6 billion dirhams in two sessions
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Local equity liquidity exceeded 3.6 billion dirhams in two sessions

Nadia BarnettBy Nadia BarnettAugust 16, 2023No Comments2 Mins Read
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Local stocks attracted more than 3.6 billion dirhams in inflows during Monday and Tuesday’s sessions, most of which focused on key stocks in the banking and real estate sectors.

Liquidity was distributed by 1.77 billion dirhams, recorded by local stocks in Tuesday’s session, with 1.239 billion dirhams distributed to the Abu Dhabi Stock Exchange, 539.19 million dirhams to the Dubai Financial Market and 1.83 billion dirhams at the end of trading. Earlier yesterday, 1.52 billion dirhams were distributed to the Abu Dhabi Stock Exchange and 301.2 million dirhams to the Dubai Financial Market.

And the Dubai Financial Market ended yesterday’s trade down 0.18% at 4051.19 points, out of 38 companies traded, 20 declined, 11 advanced and seven remained unchanged.

“SHUAA Capital” shares decreased by 7.4%, at a price of 0.4 dirhams, with approximately 49.16 million dirhams traded, after confirming that no official information was received regarding the sale of shareholders’ shares. Mashreq Bank shares fell 5.8% to 145 dirhams.

Shares of “Salama” fell by 3.07%, at 0.727 dirhams, and “Union Properties” decreased by 2.3%, at 0.386 dirhams, in about 9.4 transactions, in transactions of about 867.14 thousand dirhams. million dirhams.

On the other hand, Emirates Investment Bank rose 11.2% to 119 dirhams, Al Rams Capital rose 5.63% to 1.5 dirhams, and “Salik” stock gained 3.06%.

The Abu Dhabi Securities Market traded down 0.42% to close at 9807.19 points, out of 65 companies, 37 declined, while 17 advanced and 11 remained flat.

Shares of “ADNOC Gas” were down 3.1% at 0.556 dirhams, and shares of “Manazil” were down 4.1% at 0.512 dirhams, and shares of “Multiple Play” were down 2.5%. Price is 3.57 dirhams. “Alpha Abu Dhabi Holding” shares fell by 3.3%, at a price of 20.2 dirhams, transactions exceeded five million shares. The most traded stock was «Q Holding», which fell 2.7% to 3.66 dirhams, with nearly 38 million shares traded.

• Liquidity distribution of 1.77 billion dirhams recorded by local stocks in Tuesday’s session, and 1.83 billion dirhams at the close of trading yesterday.

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Nadia Barnett

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

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