UAE financial markets continue their green march for the fourth day


The UAE capital markets maintained their green rally for the fourth consecutive day after the resumption of strong trading operations on a segment of the blue-chip stocks listed in the real estate, banking and telecommunications sectors.
The market value of the shares of traded companies continued to supplement its balance with the gains that reached during the session to about 5.3 billion dirhams, which raised its total gains to 20.3 billion dirhams at the end of the fourth day of trading.The general index of the Abu Dhabi Securities Market nearly broke through the level of 5300 points after it rose by 0.62% to reach 5290 points, while the general index of the Dubai Financial Market continued to rise to reach 2721 points, an increase of 0.74% compared to the previous session.

With regard to the movement of shares that led the activity in the markets, the share of Emaar Properties, listed on the Dubai Financial Market, returned to rise with a strong force of 4.08 dirhams, amid transactions that exceeded 82 million dirhams, and this was reflected in the performance of the rest of the group’s shares, including Emaar Development, which rose to 3.09 dirhams, Emaar Malls share, 1.95 dirhams.

In the banking sector, shares of Emirates NBD rose to 11.45 dirhams, along with Dubai Islamic Bank, at 4.98 dirhams.

In the capital market, First Abu Dhabi Bank’s shares jumped to 14.06 dirhams for the first time in a long time. Etisalat’s share rose to 17.66 dirhams, and ADNOC Distribution recorded good activity, closing at 3.90 dirhams, while the share of Global Holding closed at 42.2 dirhams.

The value of market transactions reached 731 million dirhams, and the number of shares traded 300 million shares executed through 6563 transactions.


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