UAE financial markets were able to achieve good gains during the holy month of Ramadan, with the support of government incentives, where a billion dirhams were allocated to establish a market maker in the Abu Dhabi Stock Exchange. < / p>

According to the Emirates News Agency, the follow-up of transactions in the financial markets with the end of its transactions on the last day of Ramadan / 20 sessions / showed an increase in the market value of shares of traded companies by 36.5 billion dirhams, which reflects the extent of the positive outcome achieved by the markets during the month of Ramadan, which violated all previous expectations, with calm dominating trading at such times of the year.

The UAE financial markets started their dealings before entering the month of Ramadan, supported by incentive initiatives and programs, at the federal and local levels, aimed at supporting the economic and financial sectors in the country.

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The intense tandem in stimulus programs and initiatives that have been successive during the past period in providing a shipment of support to the Abu Dhabi and Dubai stock exchanges and investors contributed to the balance between supply and demand and justified optimism in maintaining On the government's goals for financial sustainability and economic stability in the medium and long term.

The results of the stimuli were reflected in the Abu Dhabi and Dubai financial markets indices, as they achieved growth during Ramadan trading that exceeded all expectations, in addition to the significant improvement in trading appetite, which was evident clearly. Through the increase in the value of traded liquidity.

Returning to the details of monthly transactions, the follow-up showed that the general index of the Abu Dhabi Stock Exchange during the month of Ramadan rose to 4113 points, an increase of 6.5% compared to 3860 in the previous month. .

In the Dubai Financial Market, the general index rose to the level of 1939 points, with a growth of 2.5% during the month of Ramadan compared to the previous month.

One of the most important positive elements that characterized the month of Ramadan transactions was the increase in the appetite for trading, as the value of transactions concluded in the financial markets amounted to about 7.3 billion dirhams, distributed by 4.8 billion dirhams in the market. Dubai Financial and about 2.5 billion dirhams to the Abu Dhabi Stock Exchange.

The list of stocks that made good gains during Ramadan included Al-Dar Real Estate Company’s high share by almost 8% on the monthly level after it closed at 1.76 dirhams, as well, the share of oil Abu Dhabi National Distribution to AED 2.80, and Abu Dhabi Energy share to 68 fils.

On the Dubai Financial Market ...