Money market liquidity at the highest level in 4 years

Local financial markets strengthened their liquidity yesterday by exceeding 2,250 million dirhams, accompanied by green closings, the largest percentage of which was concentrated in the Abu Dhabi Stock Exchange, while the Dubai Financial Market continued to achieve a new peak in the level of 3648 points.

The liquidity was distributed in 1.6 billion dirhams for Abu Dhabi Securities and more than 604 million dirhams for Dubai Financial.

This is the highest level of liquidity in almost four years, with the exception of that which came from large direct deals, backed by shares in the real estate sector, which saw an increase of some 15 listed shares, led by Emaar Properties and Emaar Development. .

The general index of the Dubai Financial Market rose quite a bit in the first half of yesterday’s session, before profit-taking eased from its rise to end up trading at a level close to the day before yesterday’s close, specifically at 3648 points. While its counterpart in the Abu Dhabi market registered an increase of 0.9% to the level of 9,963 points. According to market data, the Dubai Financial Market witnessed an increase in the shares of 16 companies out of the 30 companies that were traded yesterday, while the shares of 11 companies decreased and three companies were flat.

Shares of Emaar Properties closed down 1.3% at Dh6.32, with trading exceeding 22 million shares, while Union Properties rose 0.7% to Dh0.30, with trading approaching 73 million shares. Shares of Amlak increased by a maximum of 0.71 dirhams, with a transaction of almost 31 million shares, while shares of «DEWA» decreased by 0.4% to 2.84 dirhams, with a traded amount of 35 million. of actions. The Abu Dhabi Stock Exchange closed with an increase of 0.9% at the level of 9,963 points, with transactions for a total value of 1,600 million dirhams. The shares of 22 companies of the 48 companies that were traded, while the shares of 20 companies increased and six were flat.

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