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UAE stocks rally as IHC and Emaar lead liquidity surge

A total of AED1.15 billion was traded on the Abu Dhabi Securities Exchange (ADX), with a further AED476.2 million on the Dubai Financial Market (DFM)

International Holding Company (IHC) and Emaar Properties
Over 316 million shares changed hands in more than 22,500 deals

Trading in local stock markets drew over AED1.6 billion in liquidity as markets closed on June 20, with International Holding Company (IHC) and Emaar Properties among the most active counters.

A total of AED1.15 billion was traded on the Abu Dhabi Securities Exchange (ADX), with a further AED476.2 million on the Dubai Financial Market (DFM).

Over 316 million shares changed hands in more than 22,500 deals.

The value of listed stocks now stands at AED3.424 trillion, with ADX-listed firms accounting for AED2.75 trillion and DFM firms AED673.9 billion.

On the DFM, property giant Emaar Properties led activity as its shares attracted roughly AED145.9 million worth of deals. Emirates NBD and Gulf Navigation saw liquidity of AED98.6 million and AED77.2 million move through their counters.

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