New positive indicators rooted the gains of the UAE financial markets and the UAE dirham during this week, despite the preoccupation of the world and the Arab countries, but the UAE is making great gains and from this standpoint we will show you, the prices of the UAE dirham against Arab and international currencies in this report.
Five positive indicators emerged during the weekly trading in the UAE financial markets, which contributed to its final outcome by enhancing confidence in stock trading, supported by foreign institutional purchases.
The strong entry of foreign portfolios into the market contributed to the rise of general indicators to new levels, and this was accompanied by the increase in the pace of circulating liquidity, which reinforced the gains of the market value of shares in the final outcome.
In detail, the market value of shares of traded companies increased by 4.7 billion UAE dirhams, according to the follow-up to the trading during the past five days.
With the increase in the appetite for trading during the week, the value of transactions concluded in the two markets increased to about 3.1 billion UAE dirhams, an increase of 57% compared to the value of liquidity recorded in the previous week.
On the level of movement of indicators, the general index of the Dubai Financial Market rose to the level of 2103 points during the week, an increase of 3.1% compared to the previous week. As for the Abu Dhabi Securities Market, the general index closed at 4295 points, stabilizing at the level of almost last week.
The week’s transactions witnessed the entry of foreign liquidity, mostly focused on Emirates NBD share, closed at 9 dirhams, after its inclusion in the MSCI World Index.
And a slice of the shares succeeded in achieving strong gains during the week’s trading, and the list included Union Properties, which rose to 35 fils, an increase of 29.6% compared to the previous week.
Emaar Properties also rose to 2.88 dirhams, a growth of 10.3% during the same monitoring period, while Dubai Islamic Bank gained 5.7%, closing at 3.89 dirhams.