Local stock markets extended their winning streak for the fourth consecutive session, concluding the final trading sessions of 2023 with substantial gains. The market capitalization surged by more than 24.3 billion dirhams, reaching 3.651 trillion dirhams by the end of today’s session, compared to 3.627 trillion dirhams in the preceding session.
Breaking down the market capitalization, stocks listed on the Abu Dhabi Securities Market accounted for 2.963 trillion dirhams, while those on the Dubai Financial Market contributed 687.5 billion dirhams.
The gains witnessed today were particularly notable, with Dubai Financial Market shares contributing 18 billion dirhams, and Abu Dhabi Securities Market shares adding 6.3 billion dirhams to the overall market capitalization.
Closing figures for key indices revealed that the FTSE Abu Dhabi General Market index, known as “Fadji,” increased by 0.14%, gaining 13.89 points to reach 9,577.85 points. Similarly, the “Fadex 15” index rose by around 0.03%, with a gain of 2.95 points, closing at 9,333.88 points. The general index of the Dubai Financial Market grew by 0.25%, equivalent to 10.3 points, concluding the day at 4,059.8 points.
In terms of active stocks, Gulf Navigation emerged as the most traded stock on the Dubai market, with a liquidity of approximately 50 million dirhams, closing at 7.33 dirhams. Dubai Islamic followed closely with liquidity of 45.2 million dirhams and a closing price of 5.72 dirhams, trailed by Emaar Properties with liquidity reaching 44.9 million dirhams and closing at 7.92 dirhams.
In the Abu Dhabi market, “Taqa” led in trading activity, amassing liquidity of 291.8 million dirhams and closing at 3.5 dirhams, reflecting a 4.8% increase. “International Holding” secured about 154.4 million dirhams in liquidity, closing steady at 399.5 dirhams, registering a 5.02% gain. Following closely was “Abu Dhabi Commercial,” attracting 90.4 million dirhams in trading and closing at 9.18 dirhams, marking a 2.23% gain.
