Local equities raise gains to AED 43 billion since early February
Local equity market gains have risen to AED 43 billion since the beginning of February, as investors became more optimistic about the future of major listed companies after showing great strength in their annual results, reflected in their generous plans to distribute dividends to shareholders for 2022.
The market capitalization of listed shares rose from AED 3.112 trillion at the end of January to AED 3.155 trillion by the end of Friday's session, distributed by AED 2.557 trillion for shares listed on the Abu Dhabi Securities Exchange, and AED 597.48 billion for shares listed on the Dubai Financial Market.
Since the end of January until today's session, the Abu Dhabi market index rose by 1.6% to close at 9885.85 points, while the Dubai market index jumped 4.7% to reach the level of 3457.72 points.
In daily trading, the Abu Dhabi market index rose today by 0.1%, with trades of AED 1.2 billion, while the Dubai market index fell 0.3%, with a total value of AED 239 million.