36 billion dirhams gains in local stock markets in a week
Abu Dhabi, May 10 / WAM / Local stock markets increased their gains and their market capitalization increased by more than 36 billion dirhams during the current week, according to trading data.
The data showed an increase in the market capitalization of listed stocks from 3.48 trillion dirhams at the end of last week to 3.516 trillion dirhams at the end of trading on Friday, distributed by 2.808 trillion dirhams for stocks listed on the Abu Dhabi Securities Market, and 708 billion dirhams for stocks listed on the Dubai Financial Market.
The market gains achieved during the week were distributed at 34.3 billion dirhams for Abu Dhabi Securities Market shares, and 1.98 billion dirhams for Dubai Financial Market shares.
The FTSE Abu Dhabi General Market Index, “Fadji,” closed up by 0.59%, with a gain of 53 points, at 9,090.39 points, and the “Fadex 15” index rose by about 1%, gaining about 87.3 points, to close at 9,971.95 points.
The general index of the Dubai Financial Market grew by 0.73%, or the equivalent of 30.3 points, to close at 4,173.04 points, with the real estate sector index rising by 2.6%, financials by 0.45%, services by 0.34%, and industry by 0.23%.
Yesterday, the Dubai Financial Market witnessed the start of trading in the shares of Spence 1961 Holding Company after the company’s public offering witnessed a wide demand from regional and international institutional and individual investors in the UAE, with total demand reaching about 71 billion dirhams.
Spinneys shares rose over two trading sessions by 5.9% to close at 1.62 dirhams after trading 186.3 million shares worth 304.5 million dirhams through 7,579 transactions.
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