The local stock markets in UAE consolidated at the close of trading yesterday, June 29, in front of a falling wave that swept the majority of global stock exchanges with renewed fears about a global recession due to the continuous hike in interest rates.
The FTSE index of Abu Dhabi General Market reached a level of (3245.84) points, while Dubai General Market index reached a level of (9353.57) points.
Attracting 1.7 billion dirhams
The shares attracted liquidity at the end of trading with more than (1.7) billion dirhams, distributed by (1.56) billion dirhams in Abu Dhabi market, and (141 million dirhams in Dubai market.
A total of (261.2) million shares were traded in the two markets, which were executed through more than (15.3) thousand transactions.
The Emirates News Agency, WAM, said that foreign investors injected nearly (82) million dirhams into the two markets as a purchase outcome.
After making purchases worth (491.4) million dirhams, compared to sales of about (409.7) million dirhams.
Leading stocks rise
The consolidation of the markets came with the support of the rise of many of the leading stocks, led by Abu Dhabi “Global Holding” market, with an increase of (0.38%) amid active trading at a value of (452.4) million dirhams.
It also rose “ADNOC Drilling” by (2.4%), “Alpha Abu Dhabi” by (2.13%), “Abu Dhabi Islamic” by (2.01%) and “ADNOC Distribution” by (1.91%).
The “Invictus Investment” share closed on the first trading day in the Nomu market of Abu Dhabi market, at the level of (4.03) dirhams, attracting liquidity with a value of more than (99 million dirhams) after trading (21.7) million shares through (1510) transactions.
Dubai stock market rise
In Dubai Financial Market, the share of the Dubai Electricity and Water Authority “DEWA” rose by (1.59%), attracting liquidity by about (13 million dirhams), and “Emaar Properties” increased by (0.57%), with its activity topping the list by about (31.2) million dirhams. “Dubai Islamic” by (0.17%) and “Air Arabia” (by 0.47%).
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