568.5 million dirhams, local capital market transactions – economy – local

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The local stock markets recorded mixed performance during yesterday’s session, as the Abu Dhabi Securities Exchange rose by 0.79%, while the Dubai Financial Market witnessed a slight decline of 0.2%. The two markets witnessed the circulation of 351.21 million shares, worth 568.51 million dirhams. The Abu Dhabi market closed at 4546 points, a winner of 35.36 points, after 79.01 million shares were traded at a value of 337.31 million dirhams through the implementation of 1733 transactions, supported by the growth of First Abu Dhabi Bank shares by 2.15%.

The banking sector rose by 1.62%, the real estate sector by 0.36%, while the telecommunications sector declined by 0.60%, and the energy sector by 0.16%.

The shares of the Marine Dredging Company were the top gainers in the market by 9.65%, followed by Agthia by 7.59%, then AXA Insurance Company by 5.26%. In terms of declines, Arkan Building Materials recorded the list of the most declining shares by 2.53%, While the share of the International Holding Company, the most active by value, with a liquidity of 75.79 million dirhams.

In addition, the Dubai Financial Market index witnessed occasional movement, closing at 2320 points, after 272.2 million shares were traded, valued at 231.2 million dirhams, through the execution of 4,247 transactions.

Shares of 20 companies out of the 35 companies traded yesterday, while shares of 12 companies declined, while three companies remained steady.

“Insurance” led the market sectors in terms of gains, as it rose by 2.79%, led by the share of Dubai Islamic Insurance and Reinsurance Company “Aman”, which closed up 14.93%, approaching the barrier of the upper limit of gains, through the circulation of 22.612 million shares. At a value of 20.3 million dirhams.

The share of ARIJ Insurance Company came in second place in terms of gains, by an increase of 7.14%, as the stock closed at 1.5 dirhams, while Emaar Development Company from the real estate sector recorded third place in terms of gains by 5.37%, as its share closed at 2.55 dirhams.

On the other hand, the banking sector decreased by 0.71%, the investment and financial services sector by 0.51%, while the consumer goods sector increased by 1.39%, and the services sector by 1.08%.

Ithmaar Holding Company’s share was the most active in terms of volumes in the Dubai market, after trading 52.88 million shares, while Emaar Development Company’s share was the most active in terms of value, with a liquidity of 30.85 million dirhams.


“Insurance” led the market sectors in terms of gains.

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