Wednesday, February 21, 2024

Local stocks gain 37 billion dirhams in two sessions


Local stock markets consolidated their gains at the end of Monday and Tuesday’s sessions, the first two sessions of the week, as blue-chip stocks and key deals were executed as their market capitalization gained more than Dh37 billion. The last of which was held by Alpha Dabi, worth 3.6 billion dirhams.

The market capitalization of listed shares increased from 3.540 trillion dirhams at the end of last Friday’s session to 3.577 trillion dirhams at the end of yesterday’s session, 2.902 trillion dirhams were distributed to listed stocks on the Abu Dhabi Securities Market, and 675 billion dirhams. Shares listed on the Dubai Stock Exchange.

During the two sessions, local stocks attracted more than 5.9 billion dirhams in circulation, 5.6 billion dirhams were distributed in the Abu Dhabi market, and 290 million dirhams were traded in the Dubai market with about 411.63 million shares traded, with about 20,114 thousand transactions.

At the end of yesterday’s session, the Abu Dhabi market index rose 0.17% to 9493.75 points and the Dubai market index rose 0.17% to 3997.58 points.

The most traded stock on the Dubai market was Emaar Properties, which rose 1.06% to 7.5 dirhams, trading close to 34.3 million dirhams. The green list on the Abu Dhabi market included shares of Alpha Dabi, which rose 2.8%, with liquidity of Dh266.11 million.

In addition, yesterday, two large direct transactions in shares of Alpha Dabi Holding were executed on the Abu Dhabi Securities Market.

According to market data, the deal was executed on 139.1 million shares worth 3.597 billion dirhams, at 25.86 dirhams per share.

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Direct large transactions are contracts executed outside the order book, and do not affect the closing price or price index of the shares of the company in question, they do not affect the highest and lowest prices executed during the session and last. 52 weeks.

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

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