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ADX: Abu Dhabi exchange adds $1.9bn in one day on strong bank stocks

Abu Dhabi exchange swells market cap to $761bn in positive day for leading banks

ADX Abu Dhabi
Abu Dhabi exchange swells market cap to $761bn in positive day for leading banks

The Abu Dhabi Securities Exchange (ADX) extended its gains at the close of trading on Thursday, adding more than AED7bn ($1.9bn) to its market capitalisation, driven by gains in leading bank stocks.

Meanwhile, the Dubai Financial Market (DFM) closed slightly down, according to trading data.

The total market capitalisation of listed shares reached AED3.49tn ($950bn) at the end of Thursday’s trading session, comprising:

  • ADX listed shares: AED2.795tn ($761bn)
  • DFM-listed shares: AED695.8bn ($189bn)

Local stocks attracted more than AED1.5bn in liquidity at the end of the session, distributed as follows:

  • AED1.12bn on the ADX
  • AED396.3m on the DFM

More than 533.1m shares were traded in more than 30,700 transactions.

Abu Dhabi stock market gains

On ADX, International Holding Company (IHC) led the trading activity, attracting the highest liquidity of AED196.8m.

Alpha Dhabi Holding followed closely behind with AED84.3m in liquidity, while ADNOC Gas and Multiply Group generated AED80.8m and AED61.8m in liquidity, respectively.

On DFM, Emaar Properties emerged as the most actively traded stock, attracting AED139.8m in liquidity.

Air Arabia followed with AED29.3m in liquidity, while Emaar Development and Dubai Islamic Bank generated AED28.9m and AED26.3m in liquidity, respectively.

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