Thursday, May 23, 2024
Today’s News

Local stock Exchanges Attract Liquidity Worth over Dhs1.4 Billion.

At the close of trading on Monday, local stock exchanges received liquidity totaling around Dhs1.4 billion, with International Holding Company (IHC) and Emaar Properties dominating the activity.
Following the trading of 633.3 million shares through the completion of more than 27,200 transactions, the liquidity was split as follows: Dhs996.1 million in the Abu Dhabi Securities Exchange (ADX) and Dhs383.9 million in the Dubai Financial Market (DFM).

By the end of the day, the market capitalization of listed equities was Dhs3.5 trillion, with DFM-listed stocks accounting for Dhs713.2 billion and ADX-listed stocks for Dhs2.795 trillion.

IHC’s shares, which closed at Dhs399.5, led the market with about Dhs197.2 million. After that, Alpha Dhabi brought in about Dhs86.4 million, and Multiply Group brought in about Dhs71.2 million.

In the meantime, the Republican Stock Exchange “Toshkent” (RSE), situated in Tashkent, Uzbekistan, and the Abu Dhabi Securities Exchange (ADX) announced that they have inked a Memorandum of Understanding (MoU) to cooperate on several important projects.

By signing the MoU, RSE will become the fifth Tabadul Digital Exchange Hub member, the first digital exchange center in the region built on reciprocal market access. This will improve connectivity and create new prospects for international investment. The Memorandum of Understanding (MoU) highlights the dedication of both exchanges to augmenting the worldwide securities market via collaboration and mutual knowledge, underscoring the significance of teamwork for the efficient growth of market economies in both nations.

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Thursday, May 23, 2024

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