Abu Dhabi, UAE–UAE stocks generated strong cash flows Monday, with market liquidity surpassing $272 million.
International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) topped the market in terms of number of transactions.
The Abu Dhabi Securities Exchange (ADX) gained $241.25 million in liquidity, as compared to the $31.31 million gained by the Dubai Financial Market (DFM), with $56.50 million shares traded across more than 11,700 transactions.
The market capitalisation of listed stocks reached $980 billion on Monday, divided into $792 billion in ADX and AED 676.8 billion in the DFM.
IHC gained 0.03 percent closing at AED399.5, logging over $58.27million in transactions, followed by Alpha Dhabi with a 0.1 percent increase, closing at AED19.16 and transactions worth around $27.85 million. Meanwhile, PureHealth logged transactions worth $26.76 million, closing stable at AED5.91 without any change.
In Dubai, DEWA took the lead with $6.67 million in transactions, closing stable at AED2.45, followed by Gulf Navigation Holding with transactions worth around $6.45 million, closing at AED7.23, marking an increase of about 1.12 percent. Emaar Properties closed at AED7.69, recording $3.92 million in transactions.
