Stock markets receive 2.68 billion dirhams

Yesterday, local stock markets gained more than 2.68 billion dirhams in the first sessions of the week.

The market capitalization of listed shares rose from 3.306 trillion dirhams at the end of last Friday’s session to 3.309 trillion dirhams at the end of Monday’s session, with 2.673 trillion dirhams distributed to listed stocks on the Abu Dhabi Stock Exchange, and 635.966 billion dirhams. Shares listed on the Dubai Stock Exchange.

At the time, around 478.815 million shares were traded through 27.48 thousand contracts, local stocks attracted more than 1.639 billion dirhams in liquidity.

The Dubai Financial Market Index rose 1.37% to 3652.64 points, with liquidity of 735 million dirhams, while the Abu Dhabi Securities Market Index fell 0.32% to 97375.76 points, with liquidity value of 904 million dirhams.

In Dubai, the “Education” stock rose 7.8% after concluding a major direct deal with about 5.25 million shares at Dh3.27 per share, totaling Dh17.17 million.

National Bonds Corporation announced the acquisition of an additional 5% stake in Education Holding Group, bringing its ownership in the group to 22%.

In turn, Emirates NBD Bank added 0.7%, “Empower” added 4.5%, while “Deva” was the most traded stock, up 6.4% at 2.65 dirhams.

Emirates Argon Steel rose 0.7% on the Abu Dhabi Stock Exchange. “ADNOC Supply and Services” was the most traded stock with a turnover of nearly 19 million shares.

See also  Has Huawei's Penetration Downed Apple in China?
  • Nadia Barnett

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

    Related Posts

    • Economy
    • November 2, 2024
    • 73 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    Your email address will not be published.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

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    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