Wednesday, February 21, 2024

Local stock markets rise after the Eid Al Adha holiday


Local bourses closed higher on Tuesday after trading resumed after the Eid al-Adha holiday, as the Abu Dhabi general market index rose 0.11% and Dubai closed at 9,171.35. The market rose 0.63% to close at 3,128.7 points.
Sharjah 24 – WAM:

Local bourses on Tuesday registered gains at the end of trade after the Eid al-Adha holiday resumed trading.

The Abu Dhabi general market index rose 0.11% to 9,171.35 points and the Dubai bourse closed 0.63% higher at 3,128.7 points.

The shares attracted liquidity of 1.4 billion dirhams, including 1.17 billion dirhams on the Abu Dhabi market and 233.5 million dirhams on the Dubai market, with 256.3 million shares traded, including 171.9 million shares and 84.3 million shares on the Abu Dhabi market. By executing 15.5 thousand contracts in the Dubai market.

The rise in Abu Dhabi market was led by leading shares such as “First Abu Dhabi” 0.76%, “Altar Properties” 1.83%, “Abu Dhabi Islamic” 3.5%, “Abu Dhabi Commercial” 1.58%. and “ADNOC Drilling” at 1.19%, Al Alamia Holding topped the list attracting more than Dh353.08 million in cash flow.

The Dubai market’s gains were mainly supported by a 1.16% rise in “Emaar Properties” shares, which topped the most active list in terms of values, attracting about 88.4 million dirhams, while “Deva” rose 0.39%. , and “Dubai Islamic” increased by 1.47%, and Emirates NBD” by 0.84%, and “TECOM” by 1.28%.

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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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