“Dubai Financial” profits 417 million dirhams at the beginning of the week’s sessions

Yesterday, the Dubai Financial Market began this week’s trading on an upward note, with its general index rising by 0.08%, or 4.18 points, to 5,232.5 points, and enhancing its market gains by about 417 million dirhams, supported by investor optimism and positive expectations regarding the annual business results of listed companies and major sectors in the country. Foremost among them is the real estate sector.

The market capitalization of shares listed on the Dubai Financial Market rose from 916.084 billion dirhams, at the end of last Friday’s session, to 916.501 billion dirhams at the end of yesterday’s session.

The local stock markets attracted liquidity amounting to about 1.69 billion dirhams, with its main focus in the shares of the real estate and banking sectors, while the liquidity was distributed by 1.033 billion dirhams in the Abu Dhabi Securities Market, and 648.058 million dirhams in the Dubai Financial Market, after 542.826 million shares were traded via… Executing more than 35.65 thousand transactions.

Aramex shares rose to a maximum of 2.65 dirhams, with transactions approaching three million dirhams, following the company’s announcement that it had received an offer to acquire up to 100% of its capital from ADQ Holding Company, at a price of three dirhams per share. The offer includes the purchase of shares in the shipping company listed on the Dubai Financial Market, and this comes at a time when the company seeks to increase its holdings in the logistics services sector.

The rise of the Dubai Financial Market in yesterday’s trading was also supported by the rise in Emirates NBD Bank’s shares by 1.16%, to reach 21.80 dirhams, in addition to the rise in Ajman Bank’s shares by 1.18%, to reach 1.72 dirhams.

In turn, Takaful Emarat shares rose by 6.6% at a price of 1.46 dirhams, and BHM Capital Financial Services shares rose by 3.72%. “Emaar Properties” stock was the most traded stock in terms of liquidity, with transactions approaching 225.31 million dirhams.

On the Abu Dhabi Securities Market, the general index fell by 0.4% at 9,459 points, with transactions worth a total of 1.033 billion dirhams. Ishraq Investment shares fell by 2%, reaching 0.341 dirhams, and Multiplay Group shares fell by 1.8%. While Lulu Group shares rose by 1%, and Phoenix shares rose by 0.8% at 1.22 dirhams. The most traded stock in terms of liquidity was Dana Gas stock, after it rose by 1.6% at a price of 0.757 dirhams, with trades exceeding 32 million shares.

. 1.69 billion dirhams were attracted by local stock markets yesterday.