Actions on local markets strengthened their positions and increased market capitalization to around 38 billion dirhams by the end of the first two trading sessions of the current week - on Monday and Tuesday. Traders actively traded leading stocks in the real estate and banking sectors.
The market capitalization of reported stocks grew from 3.603 trillion dirhams last week to 3.641 trillion dirhams by the end of yesterday's trading session. Stocks of "Al-Mazaya", "Emaar", "Imarat" and "Emarat for Development" occupied the leading positions by activity.
The trading volume on local markets amounted to about 1.5 billion dirhams at the end of yesterday's trading. The distribution of trades was primarily as follows: 1.048 billion on the Abu Dhabi securities exchange and 456.46 million on the Dubai securities market after trading 574.22 million shares through more than 33,054 transactions.
The index of the Dubai securities market rose by 1.024% and closed at 4583.36 points, remaining at the highest level for the last 10 years. At the same time, the index of the Abu Dhabi securities market "Fadji" also increased by 0.05% to a mark of 9312.44 points.
The shares of "Emaar" were the most active on the Dubai stock exchange, attracting trades totaling about 114.413 million dirhams and closed with a decrease of 0.45% at 8.88 dirhams. Following them was the company "Emaar for Development", where trades reached 44.25 million dirhams and the growth of stocks made 1.6%, closing down at 9.33 dirhams - the highest level in the entire history of the company.
Foreign investors acquired stocks for a total of about 45.69 million dirhams, executing purchases at a general total of 246.41 million dirhams and sales for a total of 200.72 million dirhams. The sales volume of local investors on the Dubai stock exchange amounted to approximately 255.74 million dirhams, with purchases totaling 210.05 million dirhams, resulting in a net sale of 45.69 million dirhams.
Corporations also actively purchased stocks for a total of about 274.216 million dirhams, with sales totaling 244.073 million dirhams, resulting in a net investment flow of about 30.142 million dirhams. The sales volume of individual investors amounted to 212.39 million dirhams, with purchases of stocks totaling 182.25 million dirhams, resulting in a net sale of about 30.142 million dirhams.
On the Abu Dhabi stock exchange, shares of "Al-Mazaya" led by total transaction volume with a sum of 160.98 million dirhams and closed at 402.1 dirhams.
