Economy Local October 23, 2024

Dubai Financial Market Sees High Trading Volume

According to data from the Dubai and Abu Dhabi financial markets, total liquidity traded on 11 companies reached about 720.17 million dirhams. Emaar Properties led the market's liquidity.


Dubai Financial Market Sees High Trading Volume

According to data from the Dubai Financial Market and Abu Dhabi Financial Market, the total turnover of shares of 11 companies amounted to approximately 720.17 million dirhams, while the turnover of all financial markets in the country reached about 1.5 billion dirhams. In Dubai, shares of Emaar Properties lead by turnover totaling 74.097 million dirhams, followed by Emirates NBD at 54.9 million dirhams, Ajman Bank at 36.36 million dirhams, Gulf Navigation at 24.69 million dirhams, Dubai Islamic Bank at 18.9 million dirhams, and Salama at 14.67 million dirhams.

At the Abu Dhabi Exchange, shares of Aldrees Petroline lead by turnover at 207.2 million dirhams, followed by Gulf Pharmaceutical Industries at 113.54 million dirhams. Among the companies represented are Emaar Properties, Emirates NBD, Ajman Bank, Gulf Navigation, Dubai Islamic Bank, Salama, Aldrees Petroline, Gulf Pharmaceutical Industries, Eshraq Properties, ADNOC Drilling, and Alpha Dhabi.

Shares of 11 companies, which are traded in the local financial markets, accounted for 48% of the total turnover in local financial markets at the conclusion of trading yesterday.