Emirates News Agency – 1.5 trillion dirhams, the market value of UAE shares after the start of trading in “Alpha Abu Dhabi” and a price jump for “Al-Alamiya Holding”

ABU DHABI, June 27 / WAM / The UAE financial markets started the first day of their weekly trading with great activity amid celebrating the start of trading on the shares of the “Alpha Abu Dhabi” company, whose listing in the capital’s market constituted a qualitative leap, according to which the return of new listings to the local markets was inaugurated.

The listing of “Alpha Abu Dhabi Holding” and the record price jump achieved by the shares of the International Holding Company contributed to the rise in the market value of the shares of the companies listed in the markets to about 1.5 trillion dirhams, including 1.112 trillion in the Abu Dhabi Stock Exchange and the rest in the Dubai Financial Market.

In detail, many of the leading stocks witnessed strong activity, led by the International Holding Company, which reached its highest level since listing, closing at 110.80 dirhams. Real estate stocks also rose at good rates, which reinforced the market’s gains.

The value of the deals concluded in the markets at the beginning of the first day of the week amounted to about 1.8 billion dirhams.

And it was clear since the beginning of trading that the general indexes are on the way to achieving new gains, which is what actually happened, as the general index of the Abu Dhabi Securities Exchange succeeded in rising by about 2%, reaching 6,706 points, while the general index of the Dubai Financial Market closed at 2870 points, an increase of 0.47% compared With last Thursday’s session.

Returning to the details of the stock movement, the “Alpha Abu Dhabi” stock started its transactions at the level of 20 dirhams, but it returned to close in the end at 15 dirhams at the end of trading amid strong purchases on the stock.

The Aldar shares also rose to 3.85 dirhams and the Marine Dredging Company to 9.05 dirhams.

In the Dubai Financial Market, the share of Emaar rose to 4.28 dirhams, followed in the same direction by the shares of Emaar Malls to 2.10 dirhams, and the Dubai Islamic Bank rose to 4.88 dirhams, and the market share to 1.19 dirhams and cooling to 2.87 dirhams.

WAM/Nasser Arif/Abdul Nasser Moneim