Heavy purchase of bank and real estate stocks leads UAE stock exchanges to a “record” conclusion


The market value gains of the companies traded on the UAE markets reached nearly AED 4.6 billion at the end of the first day of the week.

The UAE financial markets began their transactions today, Sunday, on activity, amid the continued flow of liquidity into the trading halls, which amounted to about one billion dirhams.

The markets had succeeded in reversing their direction up in the second half of the session, with the support of intensive institutional purchases carried out on a segment of real estate and bank shares, which encouraged individuals to trade after that, which was positively reflected on the prices of stocks and indices together.

The general index of the Dubai Financial Market rose by 0.95% to reach the level of 2551 points, while the general index of the Abu Dhabi Securities Exchange closed at 5663 points, a growth of 0.63% compared to last Thursday’s session.

In detail, active trading continued on the shares of First Abu Dhabi Bank, where the value of the deals concluded on it reached about 212 million dirhams, although it was closed at 14.7 dirhams, and the value of the transactions executed on the shares of the company reached about 200 million dirhams, reaching the level of 3.66 dirhams.

Regarding the movement of telecom shares, it rose to 20.34 dirhams, while ADNOC Distribution closed 4.11 dirhams.

In the Dubai Financial Market, Emaar shares rose strongly, reaching 3.58 dirhams, amid transactions worth 70 million dirhams, and Dubai Islamic Bank shares rose to 4.79 dirhams and Aramex 3.90 dirhams.

The number of shares traded reached 289 million, executed through 4,609 deals.


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