The Emirates stock market experienced mixed performance last week, with the Dubai market index rising by 0.18% to 4140.82 points, while the Abu Dhabi market index decreased by 0.08% to 9024.23 points. Agility Global made a significant impact on the markets on its first day of trading on the Abu Dhabi market, with a jump of 327% from its reference price of 0.37 dirhams to 1.58 dirhams. The stock attracted liquidity of 140 million dirhams and traded over 93 million shares.
Foreign investors (non-Arabs) poured a net investment amounting to 127 million dirhams into both markets, with most of their investments concentrated in the Abu Dhabi market at around 110 million dirhams. Overall, the shares attracted a total liquidity of over one billion dirhams, with around one billion in the Abu Dhabi market and over 289 million in Dubai.
The traded quantities of shares were around half a billion, with around 155 million in Dubai and almost four hundred million in Abu Dhabi. In terms of market performance, the Abu Dhabi market index declined slightly, with declines seen across different sectors such as finance, industry and utilities. On the other hand, the Dubai market index rose due to gains made in stocks within these same sectors.
Investment portfolios exhibited varying trends between individual investors in both markets, reflecting their diverse approaches to buying and selling activities during these uncertain times for financial markets globally . Leading domestic telecommunications companies also played an important role in streamlining payment operations for businesses looking for convenient and safe payment solutions that help them overcome payment barriers and improve cash management processes overall .
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