Local stock markets attract liquidity of Dh1.4 billion

At the close of Monday’s trading this May and earlier in the week, local stock markets attracted liquidity of nearly 1.4 billion dirhams with a concentration in real estate, finance and banking stocks. After 460.6 million shares were traded through more than 18.51 thousand transactions, liquidity was distributed at AED 1.24 billion on the Abu Dhabi Securities Market and AED 277.63 million on the Dubai Financial Market.

The Dubai market index was down 0.2% to 3538.05 points and the Abu Dhabi market index “Fadex 15” was down 0.86% to 9704.42 points.
Broadly, the Dubai Financial Market index fell, with shares of Emirates NBD down 1.06% to 13.95 dirhams. Shares of “Emaar Properties” fell 0.4% to 5.91 dirhams, with transactions exceeding 4.9 million shares. Dubai Islamic and Dubai Financial markets were down 0.9% and 1.3% respectively. “Deva” shares were down 0.8% at 2.46 dirhams.
Union Properties rose 0.4% to 0.26 dirhams, the most traded stock with nearly 49 million shares traded.
At the close of trading, the Abu Dhabi Securities Market Index recorded a 0.9% decline, reaching 9704 points, while “ADNOC Gas” shares fell 0.3% to 3.2 dirhams. Shares «Ishrak Investment» were down 0.4% at 0.51 dirhams.
Shares of “Prestate” fell 7.9% to 3.65 dirhams, and shares of “Multiplay” fell 3.3% to 3.25 dirhams.
Dana Gas was the most traded stock at 0.904 dirhams, up 1.1% with transactions exceeding 49 million shares.

  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 22 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Where to Get a Professional Massage in Dubai

    Where to Get a Professional Massage in Dubai

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare