Economy

Three Stocks Account for Half of Dubai Market Liquidity

Three Stocks Account for Half of Dubai Market Liquidity

Three stocks on the Dubai Financial Market accounted for over half of the liquidity, amounting to 53% of the total market liquidity of 349.15 million dirhams in yesterday's trading. These stocks are “Emaar Properties,” “Gulf Navigation,” and “Dubai Islamic Bank,” with liquidity reaching approximately 185.2 million dirhams. The Dubai Financial Market Index held steady above the 4000-point mark, closing at 4023.64 points, down by 0.84%.

The share of "National International Holding" jumped to the maximum, closing at 1.32 dirhams, leading the rise of 8 stocks in the market. In Dubai, shares of Bank of Bahrain & Kuwait rose by 2.4%, du by 1.9%, Aramex by 1.89%, and Emirates Takaful by 1.85%.

**Abu Dhabi Market**

The FTSE Abu Dhabi General Index (FADGI) closed at 8889.76 points, declining by 0.93%. "International Holding Company" topped the activity in the Abu Dhabi market, accounting for the largest share of total trades with liquidity of 188.9 million dirhams in yesterday's session, followed by "Adnoc Drilling" attracting 161.9 million dirhams, and then "First Abu Dhabi Bank" with liquidity of 90.4 million dirhams.

Notable gainers in the Abu Dhabi market included shares of Aram Group by 5.6%, Easy Lease by 2.6%, Adnoc Drilling by 1.7%, and Adnoc Distribution by 1.4%.

**Liquidity**

Local stocks attracted liquidity nearing 1.6 billion dirhams at the end of yesterday’s session, distributed as 1.24 billion dirhams in the Abu Dhabi market and 349.15 million dirhams in the Dubai market, with approximately 368.3 million shares traded through 34,980 transactions.

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