UAE Domestic Equity Markets Continue to Surge, Reaching $11.4 Billion

In a remarkable streak of success, the UAE's domestic equity markets have seen four consecutive sessions of gains, amassing a total profit of $11.4 billion.

UAE stocks raise gains to $ 11.4 billion

This surge has been bolstered by strong performances from blue-chip stocks and a growing appetite among international investors. The market capitalization of listed stocks has reached impressive levels, with AED 3.539 trillion in total, distributed between AED 2.849 trillion on the Abu Dhabi Securities Market and AED 689.2 billion on the Dubai Financial Market.

Abu Dhabi and Dubai Attract Investment

Investors have shown significant interest in local stocks, with more than 1.36 billion dirhams pouring into the Abu Dhabi and Dubai markets. Of this, 993.3 million dirhams were invested in the Abu Dhabi market, while 372.8 million dirhams found their way into the Dubai market. In total, approximately 301.3 million shares were traded through 21,000 transactions.

Market Indices and Performances

The Abu Dhabi Market Index (FADEX 15) exhibited a 0.28% increase, closing at 9,431.37 points, while the Abu Dhabi Public Market Fadji rose by 0.38% to reach 9,749.43 points. The Dubai Public Market Index also displayed resilience, closing at 4,060.95 points.

In the Abu Dhabi market, several stocks recorded significant gains, with Alfa Dhabi rising by 1.31%, Yahsat by 0.78%, ADNOC Drilling by 0.75%, Multiplay by 0.74%, and I & by 0.72%. Other notable performers included ADNOC Distribution, up by 0.53%, and First Abu Dhabi, gaining 0.45%. Global Holding took the lead in liquidity polarization, with more than AED 210.3 million, closing at AED 400.9. Multiplay followed closely, boasting liquidity of AED 116.5 million and closing at AED 4.08, while Alfa Dhabi attracted AED 114.1 million, closing at AED 20.14.

Dubai Market Highlights

In the Dubai market, Emaar Properties dominated trading with liquidity exceeding AED 100 million and a closing price of AED 7.13. Ajman Bank followed with AED 65.6 million in liquidity and a closing price of AED 2.31, while Emirates NBD witnessed AED 58.7 million in liquidity and closed at AED 17.1.

The UAE's domestic equity markets continue to thrive, attracting both local and international investors. This sustained growth underscores the resilience and attractiveness of the UAE's financial landscape, with notable gains recorded in various sectors, further solidifying the country's position as a hub for investment opportunities.

Read also: Abu Dhabi Taqa Launches $1.5bn Dual-Tranche Bonds on ADX

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