Yousef Al Bustanji (Abu Dhabi) The UAE financial markets continued to rise for the third consecutive session, to achieve new historical levels, amid a significant increase in the value of trading, which amounted to 2.78 billion dirhams. The trading session witnessed a huge influx of foreign liquidity, amounting to 516 million dirhams, net of purchase in the country’s money markets. The total market value of the companies listed in the two markets gained about 26.7 billion dirhams. The general index of the Abu Dhabi Securities Exchange continued its rise today, as it recorded a new record at 9680.07, an increase of 1.668 percent, amid a flow of liquidity into trading in the capital market, which amounted to 2.1315 billion dirhams, and the market value of the listed companies increased by about 20 billion new dirhams, to reach 1.806 trillion dirhams. The Abu Dhabi market witnessed an influx of foreign liquidity (non-Arabs and Gulf countries), amounting to 470 million dirhams, net purchase during the session, as foreign investors accounted for more than 25% of the market’s trading during the session. Trading in the Abu Dhabi market focused on a number of blue-chip stocks, where the First Abu Dhabi Bank’s share acquired 676 million dirhams, and the large liquidity pushed the stock to rise by 2.63% to 22.6 dirhams. The share price of Abu Dhabi Islamic Bank rose by 8.7% to the level of 10 dirhams per share. The Aldar Properties share also rose by 1.91% to 4.27 dirhams, and the Vertiglobe share by 2.79%, to rise to 4.05 dirhams. As for the share of International Holding, it closed slightly down by 0.32% at the level of 186.70 dirhams. The general index of the Dubai Financial Market rose by 2.06% to close at 3,467.7 points, amidst liquidity that flowed into trading with a value of 645.6 million dirhams. The total market value of the companies listed on the Dubai Financial Market increased by about 6.7 billion dirhams to rise to 433.3 billion dirhams, and foreign investors injected about 46 million dirhams of new investments in the market during the session. The rise came with the support of banks, as the market price of Emirates NBD Bank rose by 4.48% to 15.15 dirhams per share, and Dubai Islamic Bank’s share price rose by 4.71% to 6.44 dirhams per share. The Dubai Financial Market share also recorded an increase of 1.68% to reach AED 2.41. The share of Emaar Properties closed slightly lower by one fil to reach 5.16 dirhams per share.
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