The local stock markets recorded trading activities amounting to approximately 8.4 billion dirhams over three sessions, with 4.86 billion dirhams traded on the Abu Dhabi market and 3.5 billion dirhams on the Dubai market. This was achieved through the exchange of 2.3 billion shares across 138,200 transactions.
The UAE Securities and Commodities Authority announced the closure of the Abu Dhabi and Dubai markets on Monday and Tuesday, reflecting its supervisory and regulatory role over the financial markets.
The stock of “Salk” dominated Dubai Financial Market’s liquidity for the week, attracting over 822.4 million dirhams, followed by “Emirates NBD” with 638.5 million dirhams, and “Emaar Properties” drawing in 413 million dirhams. The Dubai index closed at 5917.22 points, down by 9.01% over three sessions.
Shares of Agility gained 6.45%, while Dubai Insurance rose by 6.25%. Meanwhile, the stocks of National General Insurance and Sakan Takaful remained stable at 6 dirhams and 1.5 dirhams, respectively. The Abu Dhabi general index (FADGI) closed at 9903.36 points, down 5.27% for the three sessions.
“Abu Dhabi Commercial Bank” led the activity in the Abu Dhabi market, accounting for the largest share of total trading volume, with liquidity of 611.7 million dirhams over three sessions. This was followed by “First Abu Dhabi Bank” with 467.7 million dirhams, and “E&A” with a liquidity of 407.4 million dirhams.
In the Abu Dhabi market, shares of Dar Al Insuring rose by 25.25%, National Insurance Lake increased by 14.75%, Fujairah National climbed by 9.13%, and Umm Al-Quwain Investment gained 8.76%, while Fertiglobe increased by 7.84%.
On the other hand, the shares of Aldar Properties dropped by 14.2%, Breasite fell by 14.1%, Gulf Cement decreased by 13.8%, Ras Al Khaimah Properties declined by 13.6%, and Al-Sir Equipment fell by 13.4%.