ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Middle East

UAE stocks surge, market cap jumps over AED2.84bn

UAE stocks bolstered their gains on Wednesday, with their market capitalisation rising by over AED2.84 billion.

ANI Dec 27, 2023 22:52 IST googleads

Representative Image

Abu Dhabi [UAE], December 27 (ANI/WAM): UAE stocks bolstered their gains on Wednesday, with their market capitalisation rising by over AED2.84 billion.
The market capitalisation of listed stocks grew from AED 3.609 billion yesterday to AED 3.612 trillion by the close of today's trading, divided into AED 2.932 trillion for stocks listed on the Abu Dhabi Securities Exchange (ADX) and AED 680.7 billion for stocks listed on the Dubai Financial Market (DFM).
DFM saw AED 2.04 billion in market gains, while ADX's stocks logged AED 803.5 million.
Local stocks attracted about AED 1.52 billion in liquidity, split into AED 1.21 billion in Abu Dhabi's market and AED 313.8 million in Dubai's market. Trading involved approximately 762.3 million shares across over 19,700 deals.
The FTSE ADX Growth Market Index (FADGMI) closed higher by 0.1 per cent, rising 9.2 points to settle at 9526.14 points. The FADX 15 index rose by about 0.1 per cent, gaining around 9.5 points to close at 9301.94 points, while DFM's General Index grew by 0.23 per cent or the equivalent of 9.44 points, settling at 4038.32 points. (ANI/WAM)

Get the App

What to Read Next

Europe

Growing empowerment of women reflects changing social landscape

Growing empowerment of women reflects changing social landscape

In her statement, Bhat said new pathways to empowerment are emerging across the Union Territory, supported by government initiatives and community participation.

Read More
US

Brazil’s Silveira rules out fuel shortages, slams speculation

Brazil’s Silveira rules out fuel shortages, slams speculation

Speaking to journalists, Silveira said the country's fuel supply remains stable and the government is closely monitoring developments in the international oil market as well as domestic price movements.

Read More
Asia

Pakistan’s outdated mandi system stifles agricultural innovation

Pakistan’s outdated mandi system stifles agricultural innovation

Pakistan's fruit and vegetable supply remains dominated by traditional middlemen and the "mandi" system, with digital platforms handling only 2-3% of trade. Restrictive provincial laws and lack of infrastructure force farmers into dependency on commission agents, stalling modern technological transformation in the agricultural sector.

Read More
Middle East

UAE hails UNSC resolution condemning unprovoked Iranian strikes 

UAE hails UNSC resolution condemning unprovoked Iranian strikes 

The UAE has led a successful UN diplomatic push, with the Security Council adopting Resolution 2817 to condemn Iran's "egregious attacks." Co-sponsored by 140 nations, the resolution demands an end to "indiscriminate strikes" and affirms the UAE's right to self-defence against threats to its sovereignty and civilian infrastructure.

Read More
Middle East

UAE activates air defences to counter missile threat

UAE activates air defences to counter missile threat

The UAE has activated air defences to intercept an Iranian missile and drone attack, advising residents to "remain in a safe location." Authorities have intercepted over 1,700 threats since the conflict began. While most were neutralised, hostilities have tragically caused six deaths and 131 injuries among various nationalities.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.