Local stock markets lure liquidity amounting to nearly Dhs1.4 billion – Gulf Today

  • Date: 22-Apr-2024
  • Source: GulfToday.ae
  • Sector:Financial Markets
  • Country:UAE
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Local stock markets lure liquidity amounting to nearly Dhs1.4 billion – Gulf Today

The photo has been used for illustrative purposes.

Local stock markets attracted liquidity amounting to nearly Dhs1.4 billion at the close of trading on Monday, with International Holding Company (IHC) and Emaar Properties leading the trading.

The liquidity was distributed as follows: Dhs996.1 million in the Abu Dhabi Securities Exchange (ADX) and Dhs383.9 million in the Dubai Financial Market (DFM), after trading 633.3 million shares through executing more than 27,200 transactions.

The market capitalisation of listed stocks reached Dhs3.5 trillion at the end of today’s session, with Dhs2.795 trillion logged by ADX-listed stocks and Dhs713.2 billion logged by DFM-listed stocks.

IHC’s stock dominated the trading with around Dhs197.2 million, closing at Dhs399.5. It was followed by Alpha Dhabi attracting around Dhs86.4 million, then Multiply Group with about Dhs71.2 million.

In DFM, Emaar Properties’ stock led the activity, attracting around Dhs103.9 million, closing higher by 0.12 percent, followed by Gulf Navigation with liquidity of Dhs44.2 million, closing up by 3.67 percent, then Emirates NBD with Dhs42.8 million, closing at Dhs16.25.

Meanwhile, Abu Dhabi Securities Exchange (ADX) announced  that it has signed a Memorandum of Understanding (MoU) with the Republican Stock Exchange “Toshkent” (RSE), based in Tashkent, Uzbekistan, to collaborate on a number of key initiatives.