• Sat. May 18th, 2024

Agility Global Makes Splash in Emirates Stock Market on First Day of Trading: Investors Pour Money into UAE Shares

BySamantha Jones

May 5, 2024
Agility Global Shakes Up the Market with 327% Growth

The Dubai market index rose by 0.18% to 4,140.82 points, while the Abu Dhabi market index decreased by 0.08% to 9,024.23 points. “Agility Global” made a significant impact on the Emirates stock market on its first day of trading on the Abu Dhabi market, with a jump of 327% from the reference price of 0.37 dirhams to 1.58 dirhams. The stock attracted liquidity of 140 million dirhams, with 93.47 million shares traded. The company’s shares were listed and began trading directly in the Abu Dhabi Market Class II within the industries sector.

Foreign investors (non-Arabs) poured a net investment amounting to 127 million dirhams as a result of purchases, mostly concentrated in the Abu Dhabi market at around 110 million dirhams. Overall, the shares attracted a total liquidity of 1.46 billion dirhams, with 1.17 billion dirhams in the Abu Dhabi market and 289.8 million dirhams in the Dubai market.

The traded quantities of shares were approximately half a billion shares, with about one hundred and fifty-four million shares in Dubai and three hundred and ninety-five million shares in Abu Dhabi.

In terms of market performance, both markets experienced gains and declines across different sectors. While some companies saw their share prices rise, others declined.

Leading domestic telecommunications companies played a significant role in cashing out small payments by providing innovative solutions that improved cash management and provided efficient payment alternatives for businesses looking for convenient and safe payment solutions.

Individual investors and investment portfolios exhibited varying trends in buying and selling activities across both markets due to their dynamic nature.

Overall, the stock market performance in the Emirates showcased a mix of gains and declines as investors navigated through industry trends while making informed decisions about their investments based on available data.

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By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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