UAE News Today : Business

UAE stocks soar as market liquidity surpasses AED billion

UAE stocks generated strong cash flows on Monday, with market liquidity exceeding AED billion. International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) led the market in terms of number of transactions.

The Abu Dhabi Stock Exchange (ADX) secured AED 885.8 million in liquidity, compared to AED 115.2 million secured by the Dubai Financial Market (DFM), with 207.5 million shares traded on more than 11,700 transactions.

The market capitalization of listed shares reached AED 3.593 trillion on Monday, divided into AED 2.916 trillion on ADX and AED 676.8 billion on DFM.

IHC gained 0.03 percent to close at AED 399.5, recording over AED 214.1 million in transactions, followed by Alpha Dhabi with a rise of 0.1 percent, closing at AED 19.16 and transactions worth around AED 102.3 million. Meanwhile, PureHealth recorded transactions worth AED 98.3 million, closing flat at AED 5.91 with no change.

In Dubai, DEWA took the lead with AED 24.5 million in transactions, closing steady at AED 2.45, followed by Gulf Navigation Holding with transactions worth around AED 23.7 million, closing at AED 7.23 , marking an increase of around 1.12 percent. Emaar Properties closed at AED 7.69, recording AED 14.4 million in transactions.

News source: Emirates News Agency

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