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Friday, August 26, 2022 at 21:47 pm
ABU DHABI, 26th August, 2022 (WAM) — The UAE financial market on Friday posted a market capitalisation increase of around Dh8.3 billion, driven by optimism in the real estate, banking and telecommunications sectors and cash inflows from institutions and individuals alike. Ram.
Real estate and banking blue chips accounted for the largest share of more than 14,700 transactions, valued at around AED 1.67 billion for more than 353.7 million shares.
The Dubai Composite Index (DFMGI) rose 0.007% to 3,462.890 as blue-chip developer Emaar Properties continued to gain, closing as high as AED6.100 after attracting AED155.9 million in cash flow.
Among other stocks, Emirates NBD, Dubai Islamic Bank and TECOM rose 1.84%, 0.84% ​​and 0.41% respectively.
Abu Dhabi Index (FTFADGI) rose 0.133% to 10,035.060, Consolidated International Holdings (IHC.AD), trading as ASMAK, closed marginally lower at 20.200 dirhams after 312 million dirham liquidity and NBAD edged up AED 341.00.
Among other stocks, Abu Dhabi Islamic Bank rose 1.32% to 9.200 dirhams and ADNOC Distribution rose to 4.690 dirhams.
WAM / Hatem Mohammed / Hoder Nashar
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