The Abu Dhabi market index saw a 0.18% decrease to 9024.23 points, while the Dubai market index rose by 0.08% to 4140.82 points on the first day of trading for “Agility Global.” The stock price of Agility Global jumped by 327% on its first day, reaching 1.58 dirhams and attracting significant liquidity and foreign 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. Out of the 52 companies listed, shares in 43 companies declined while shares in nine companies rose, reflecting fluctuations in sectoral indices for stocks in the financial, industrial, and utilities sectors.
In Dubai, the market index rose due to gains made in stocks from companies such as Emaar Properties, Gulf Navigation, Union Properties, and Ajman Bank. Foreign investors tended to buy stocks while Arab and Gulf investors as well as citizens preferred selling them.
A new payment cashing service was introduced to ease payment inconveniences and provide a safe and fast payment alternative that aims to facilitate cash transactions and improve cash management efficiency. Additionally, advancements in technology trends were also observed in various states with pre-engineered steel buildings being introduced.
Overall, both markets witnessed fluctuations due to changes in stock prices and investor preferences while also seeing technological advancements aimed at improving operations efficiency.
