The Abu Dhabi market index saw a 0.08% decrease to 9024.23 points, while the Dubai market index increased by 0.18% to 4140.82 points on the first day of trading for “Agility Global.” The company experienced a 327% jump in its stock price to 1.58 dirhams, attracting significant liquidity and foreign investors who made a net investment of 127 million dirhams.
The total liquidity in the market was 1.46 billion dirhams, with most of it concentrated in the Dubai market. Of the 52 companies listed, their shares rose in the financial, industrial, and utilities sectors, while those of 43 companies declined. Sectoral indices for stocks in these sectors fluctuated throughout the day.
In Dubai, the market index rose, driven by gains in stocks across various sectors such as finance, industry and utilities. The top traded companies included “Emaar Properties,” “Gulf Navigation,” “Union Properties,” and “Ajman Bank.” Foreign investors tended to buy in Dubai while Arab and Gulf investors as well as citizens leaned towards selling their shares.
To improve cash management efficiency and ease payment inconveniences, a small payment cashing service was introduced to facilitate cash transactions and provide a safe and fast payment alternative. Additionally, advancements in technology trends were observed throughout the day, including the introduction of pre-engineered steel buildings in various states across both markets.
Overall, both markets saw positive gains on the first day of trading for “Agility Global,” with significant liquidity attracted by foreign investors who made net investments of over 100 million dirhams each in Dubai and Abu Dhabi respectively.
In conclusion, both Dubai and Abu Dhabi markets experienced fluctuations throughout the day as new technologies were introduced alongside pre-engineered steel buildings that will enhance cash management efficiency and reduce payment inconveniences for traders within these markets. With more than $1 billion worth of liquidity concentrated between them on this first trading day alone, traders can expect further growth opportunities for their investments moving forward into this new quarterly season.
