10.4 billion domestic shares in one week

Local stock markets gained more than 10.4 billion dirhams last week after overcoming investors' worries over the Abraaj Capital crisis and ignored the declines in the global market following the escalation of the trade dispute between Washington and Beijing. Despite the gains last week, the lack of liquidity still dominates the markets as investors are reluctant to inject new investment in anticipation of the results of medium-sized companies, which significantly affected liquidity to 1.41 billion dirhams distributed to Dubai and 286. 3 million in Abu Dhabi [19659002] Z shares traded 1.14 billion, of which 1.01 billion in Dubai, and 136,350,000 in Abu Dhabi through the implementation of more than 18 thousand transactions. The Dubai market rose 59.42 points, or 2.11%, up 2,880.42 points, ending a three-week downtrend, real estate, transportation, communications, banks and increasing investments. The Abu Dhabi market rose 0.95% or 43.17 points to close at 4,603.2 points, continuing its gains for the second week in a row with the boom of banks, retailers and retailers. real estate, telecommunications and investment, against the fall of energy, industry and insurance. (KAMCO), local markets made a positive performance in the Dulat region overshadowed the repercussions of the Abraaj crisis last week, but the scarcity of liquidity remains a key factor as investors wait for new stimulus measures , the companies reporting their half-yearly financial results.

Diab added that he expected to see the markets strong acquisitions in the coming period with the current trend of seizing opportunities in the market as many shares reach attractive levels, which could to encourage foreign investment funds and institutions to establish new financial centers.

Diab explains that after the success of the Dubai market More than 2877 points This should target 2950-3000 points, while in the Abu Dhabi market, we must see a dynamic of buying above 4620 points to predict a new direction towards resuming last-level contact at 4745 points.