ADX gains Dhs7b, fuelled by top performance from bank stocks – Gulf Today

  • Date: 16-May-2024
  • Source: GulfToday.ae
  • Sector:Financial Markets
  • Country:UAE
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ADX gains Dhs7b, fuelled by top performance from bank stocks – Gulf Today





Local stocks attracted over Dhs1.5 billion in liquidity at the end of the session. WAM

The Abu Dhabi Securities Exchange (ADX) extended its gains at the close of trading on Thursday, adding over Dhs7 billion to its market capitalisation, driven by gains in leading bank stocks. Meanwhile, the Dubai Financial Market (DFM) closed slightly down, according to trading data.

The total market capitalisation of listed shares reached Dhs3.49 trillion at the end of Thursday’s trading session, comprising Dhs2.795 trillion for ADX-listed shares and Dhs695.8 billion for DFM-listed shares.

Local stocks attracted over Dhs1.5 billion in liquidity at the end of the session, distributed as follows: Dhs1.12 billion on the ADX and Dhs396.3 million on the DFM. Over 533.1 million shares were traded in more than 30,700 transactions.

On ADX, International Holding Company (IHC) led the trading activity, attracting the highest liquidity of Dhs196.8 million. Alpha Dhabi Holding followed closely behind with Dhs84.3 million in liquidity, while Adnoc Gas and Multiply Group generated Dhs80.8 million and Dhs61.8 million in liquidity, respectively.

On DFM, Emaar Properties emerged as the most actively traded stock, attracting Dhs139.8 million in liquidity. Air Arabia followed with Dhs29.3 million in liquidity, while Emaar Development and Dubai Islamic Bank generated Dhs28.9