Dubai Financial exceeds 5,100 points for the first time since September 2014

The general index of the Dubai Financial Market rose, at the end of yesterday’s trading, by 0.56%, or the equivalent of 28.3 points, closing at 5111.98 points, thus exceeding the level of 5100 points for the first time since September 2014, supported mainly by gains in shares of the real estate and banking sectors, with liquidity recorded amounting to 284.28 million dirhams.

The market value of the market increased by about 8.17 billion dirhams, from 887.907 billion dirhams, at the end of the session the day before yesterday, to more than 896.077 billion dirhams at the end of yesterday’s session.

The rise in the Dubai market came at the end of yesterday’s trading, supported by a rise in Emaar Properties shares by 0.39%, reaching the level of 12.8 dirhams, which is its highest level in more than 10 years, attracting liquidity of about 49.08 million dirhams. Among the most prominent stocks on the activity list was “Emaar Development” stock, which attracted liquidity of about 30.04 million dirhams after rising 1.96%, reaching the level of 13 dirhams. Dubai Financial Market Company’s stock also rose by 2.03%, reaching the level of 1.51 dirhams, and “DEWA” stock increased by 1.46%, reaching a level of 2.77 dirhams.

According to Dubai Financial data, the proceeds of purchase transactions by non-Arab foreign investors during yesterday’s session amounted to about 9.3 million dirhams, after purchases worth 39.65 million dirhams, and sales worth 30.34 million dirhams.

The value of citizens’ “purchases” of shares in the Dubai market amounted to about 194.673 million dirhams, compared to “sales” worth 184.716 million dirhams, so that the total “purchases” amounted to about 9.96 million dirhams.

Institutions went for sale at a value of about 129.996 million dirhams, compared to “purchases” worth 127.154 million dirhams, so that the net institutional investment was about 2.84 million dirhams, the result of “sale.”

As for the Abu Dhabi General Market Index (FADGI), it declined, at the end of yesterday’s trading, 0.4%, closing at 9,377 points, with trades worth a total of 654 million dirhams.

The market activity in terms of liquidity was topped by “International Holding” stock at about 171.89 million dirhams, down by 0.98%, followed by “Alpha Dhabi” stock at about 66.8 million dirhams, up by 0.53%.