By: Mahmoud Gamal
Dubai – Mubasher: GFH Financial Group and Emaar Properties acquired 49% of the Dubai Financial Market’s (DFM) total trading value on Tuesday.
By 12:45 am UAE time, the two stocks’ combined turnover reached AED 43.68 million, while the DFM’s trading value was around AED 89.86 million.
GFH led the market in terms of value with AED 22.54 million, while Emaar Properties’ amounted to AED 21.14 million, ranking second in terms of value on the bourse.
In terms of volume, both GFH and Emaar registered 16.37 million shares, making up 28.5% of the DFM’s 57.37 million-share trading volume.
GFH grew 1.26% to AED 1.61, while Emaar rose 0.47% to AED 8.54.
The two stocks pushed the DFM’s main index, which increased by 0.20% to 3,568.32 points.
The return of positive results added to the recent statements by the Abu Dhabi Financial Group regarding its future acquisitions in some listed companies pushed blue chips higher, Ahmed Al Musalami, technical analyst, told Mubasher.
Translated by: Muhammad Abdulwakeel
