Economy and Stock Exchange

The UAE financial markets fell at the end of the week’s trading… and “Dubai” fell by 0.55%

The general index of the Dubai Financial Market decreased by 0.55%, losing 18.34 points, to close at 3262.08 points. The trading volume reached 225.2 million shares, achieving a value of 509 million dirhams through the implementation of 6872 transactions for 27 shares.

4 sectors on the Dubai Stock Exchange decreased, led by real estate by 2.52%, followed by the transportation sector by 1.13%, followed by the investment and financial services sector by 0.49%, and finally the banking sector by 0.18%, while the commodities, public utilities, communications and insurance sectors increased by 13.75%, 1.16%, 0.85%, 0.1%, respectively.

9 shares jumped on the Dubai Stock Exchange, at the conclusion of the Friday session, led by the Emirates Refreshments Company by 15%, then the Dubai Islamic Insurance and Reinsurance Company – Aman by 2.38%, and 14 shares, led by the Union Properties Company by 8%, then the share of Dar Al Takaful Company By 3.84%, the share of Emaar Real Estate Company topped the list of the most traded by value, with a volume of 26.1 million papers, with a value of 139.8 million dirhams, and the share declined by 2.74%.

The FADAX 15 index of the Abu Dhabi Stock Exchange, at the close of trading today, Friday, decreased by 0.574%, losing 54.19 points, to close at 9390.54 points, and the market capitalization closed at the level of 1.908 trillion dirhams, and the trading volume amounted to 473.9 million shares, with a value of 2.6 billion dirhams. Through the implementation of 11982 transactions.

4 sectors on the Abu Dhabi Stock Exchange fell, led by real estate by 2.2%, followed by the energy sector by 1.19%, followed by the telecommunications sector by 0.85%, and finally the utilities sector by 0.78%, while the basic materials, consumer discretionary, and health care sectors increased by 1.57%, 0.99 %, 0.87%, respectively.

16 shares rose on the Abu Dhabi Stock Exchange, led by “Vertiglobe” by 4.95%, then “Abu Dhabi National Insurance Company” by 4.72%, then “Palms Sports Company” by 4.24%, and 31 shares declined, led by “Methaq Company” Takaful Insurance” by 7.87%, then “ADC Corporation for Acquisition-Permissions” share by 4.02%, then “EDC Corporation Acquisition-Shares” share by 3.4%, while the “International Holding Company” share topped the most active list by value. It amounted to 401.2 million dirhams.

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