Liquidity Boost: $3.7 Billion Trades on UAE Stock Exchanges
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