30 billion dirhams in local stock liquidity during Ramadan
By: Rami Samih.
Abu Dhabi, April 6, 2017 – Local stock markets attracted liquidity of approximately 30 billion dirhams during trading during the holy month of Ramadan, with it mainly focusing on leading stocks in the financial and real estate sectors.
According to Emirates News Agency “WAM” monitoring, liquidity was distributed at 20.3 billion dirhams in the Abu Dhabi market and about 9.6 billion dirhams in the Dubai market, and about 9.3 billion shares were traded, including 4.5 billion in Abu Dhabi and 4.8 billion in Dubai, through the implementation of 466.5 thousand transactions. .
The market capitalization of listed stocks in the last sessions of the month of Ramadan reached 3.565 trillion dirhams, distributed by 2.841 trillion dirhams for stocks listed on the Abu Dhabi Securities Market and 724.1 billion dirhams for stocks listed on the Dubai Financial Market.
-Abu Dhabi Market.
The FTSE Abu Dhabi General Market index rose by 0.03% during Ramadan, with a gain of 2.79 points at 9,237.26 points, and the “Fadex 15” index rose by about 0.33%, gaining about 30.2 points, to close at 9,116.62 points, with the financial sector index rising by 0.25%, consumer goods by 8.23%, and energy by 0.43%. Communications 1.9% and basic materials 1.3%.
“International Holding” shares topped the activity during Ramadan, attracting liquidity of more than 4.35 billion dirhams and closing at 399.6 dirhams, up by 0.03%, followed by “Alpha Dhabi” with liquidity of 1.76 billion dirhams and closing at 15.3 dirhams, then “A&” at about 1.4 billion dirhams, reaching The level of 18.38 dirhams, an increase of 2.11%, followed by “Abu Dhabi First”, attracting about 1.02 billion dirhams and closing at 13.36 dirhams.
“Abu Dhabi National Takaful” shares achieved the largest increase during the month of Ramadan by 37%, followed by “Brissite” by 31%, then “Fujairah Building Industries” by 14.8%. Among the winning stocks were also “Agthia” by 9.3% and “Multiplay” by 6.3%. %, “Abu Dhabi Islamic” 6.2%, “Burjeel” 5.9%, and “ADNOC Drilling” 3.32%.
-Dubai market.
The general index of the Dubai Financial Market reached the level of 4244.15 points at the end of the last sessions of the month of Ramadan, with the real estate sector index rising by 4.53% and the basic materials sector index by about 2.1%.
The market witnessed the listing and start of trading on “Parkin” shares during the month of Ramadan, as the stock rose by 34.2% to close at 2.82 dirhams, after the company received exceptional interest from international and regional investment institutions and individual investors in the UAE, with the total subscription requests exceeding about 259. One billion dirhams, and the value of subscription applications exceeded approximately 165 times.
“Emaar Properties” accounted for the largest share of trading during the month of Ramadan, with liquidity exceeding 1.74 billion dirhams, closing at 8.64 dirhams, an increase of 4.04%, then “Parkin” with liquidity of 832 million dirhams, followed by “Emaar Development” with 763.8 million dirhams.
Among the winning stocks in the Dubai market during Ramadan were “Emaar Properties” by 4.03%, “Emirates NBD” by about 2.9%, “SALIC” by 6.7%, “Emaar Development” by 1.65%, and “Aramex” by 1.65%.
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