Liquidity Boost: $3.7 Billion Trades on UAE Stock Exchanges
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Abu Dhabi Securities Exchange (ADX) strengthened its gains at the close of Monday's (June 24) trading session, with its market cap gaining over AED13.5 billion (~USD3.7 billion), supported by financial blue chips.
The total market cap of UAE locals stocks reached AED3.451 trillion (~USD939 billion) by the end of yesterday's session, divided into AED2.777 trillion (~USD756 billion) for stocks listed on ADX and AED674.3 billion (~USD184 billion) for stocks listed on the Dubai Financial Market (DFM).
Local stocks attracted liquidity on Monday of around AED1.3 billion, with AED945.7 million (~USD257.5 million) traded in Abu Dhabi and AED355.3 million (~USD97 million) in Dubai. Trading involved approximately 626.9 million shares through over 25,100 deals.
The FTSE ADX index closed up 0.1% at 9022.32 points, while the DFM's general index closed at 4000.25 points.
Hatem Mohamed / Muhammad Aamir
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