Sunday, July 26, 2020 – 4:00 PM
ABU DHABI, JULY 26 / WAM / UAE financial markets consolidated their gains with the beginning of the week’s trading, supported by some positive news that was issued by some of the listed companies, which contributed to increasing the volume of liquidity circulating on them, and the market value of shares of traded companies increased by 14.4 billion dirhams at the end of Dealings.
The daily monitoring of transactions shows an increase in general indicators with limited ratios during the first half hour of the session, but the pace of improvement started to increase after entering institutional liquidity, mostly focused on a segment of energy and real estate shares.
The general index of the Abu Dhabi Securities Exchange closed at 4285 points, with a growth rate of 0.57%, while the general index of the Dubai Financial Market rose to the level of 2059 points, an increase of 0.31% compared to last Thursday’s session.
In detail on the level of the winning stocks movement, the list on the capital market included the high shares of Abu Dhabi Energy Company “TAQA” by more than 9.5% and closed at 1.16 dirhams, as “Dana Gas” rose to 72 fils. Abu Dhabi Islamic Bank’s share witnessed an upward activity to 3.66 dirhams, while Active in the real estate sector, Aldar rose to 1.72 dirhams.
In the Dubai Financial Market, Arabtec’s share rose to 1.01 dirhams, followed by Damac’s share closed at 87 fils, and Union Properties increased to 28 fils, while calm dominated the movement of Emaar Properties.
In terms of trading liquidity, the value of trades reached about 300 million dirhams, while the number of traded shares reached 307 million shares executed through 4,666 transactions.
Mother / Nasser Aref / Mustafa Badr al-Din