Emirates News Agency – Strong jumps in the stock market to...

Emirates News Agency – Strong jumps in the stock market to...
Emirates News Agency – Strong jumps in the stock market to...

ABU DHABI, 27th October, 2019 (WAM) – Financial markets continued their strongly bullish march for the third day in a row, amid the influx of more institutional and individual liquidity, which in turn strengthened the gains of general indicators that succeeded in overcoming new barriers, with the support of real estate stocks, especially Aldar, which continued to shine and acquire On the largest percentage of trading liquidity.

In light of the continuous improvement in the markets, the market value of the shares of traded companies achieved gains of 7 billion dirhams at the close of transactions.

The general index of the Abu Dhabi Stock Exchange succeeded by adding 1.25% to its gains, reaching the level of 4,682 points, surpassing a new level according to technical analysis data. While the general index of the Financial Market closed at 2,191 points, an increase of 1.13% compared to the previous day.

In addition to Aldar’s share, which jumped to the level of 2.84 dirhams amid deals worth more than 400 million dirhams, a move that reflects the continued positive interaction of investors, with the company announcing the implementation of projects worth up to 30 billion dirhams for the benefit of the International Holding Company.

The shares of First Abu Dhabi Bank also witnessed more activity, amounting to 11.50 dirhams, in addition to Abu Dhabi Commercial Bank shares, at 5.87 dirhams, and Meethaq, which rose to 87 fils.

The rise in Emaar’s shares to 2.74 dirhams led the activity in the Dubai Financial Market, which reversed its direction upward in the last hour of trading. The list of winners also included Emaar Malls’s stock at 1.48 dirhams, Dubai Islamic Bank of 4.15 dirhams and Damac 1.11 dirhams.

The value of deals concluded in the market reached about one billion dirhams, while the number of traded shares reached 337 million shares, executed through 6,848 deals.

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