UAE stocks record Dh1.6b inflow with IHC, Emaar leading trading

Local stock markets attracted liquidity amounting to nearly Dh1.6 billion at the close of trading on Thursday, with International Holding Company (IHC) and Emaar Properties leading the trading.

The liquidity was distributed as follows: Dh1.15 billion in the Abu Dhabi Securities Exchange (ADX) and Dh476.2 million in the Dubai Financial Market (DFM), after trading 316.1 million shares.

The market capitalisation of listed stocks reached Dh3.424 trillion at the end of Thursday’s session, with Dh2.75 trillion logged by ADX-listed stocks and Dh673.9 billion logged by DFM-listed stocks.

IHC’s stock dominated the trading with around Dh190.18 million, followed by First Abu Dhabi Bank (FAB) attracting around Dh150.5 million, then e& with about Dh114 million.

In DFM, Emaar Properties’ stock led the activity, attracting around Dh145.9 million, followed by Emirates NBD with liquidity of Dh98.6 million, then Gulf Navigation with Dh77.2 million.