Dubai Financial Market Index to its highest level since May 2014

UAE stock indices rose yesterday in the first sessions of the week, as the Dubai Financial Market index rose 1.25% to 5,190.7 points, the highest level since May 2014, while the Abu Dhabi Securities Market index rose 1.13% to 9,428.43 points.

The Dubai Financial Market increased its gains during the first three sessions of the new year 2025 (Thursday and Friday) last week, and yesterday (Monday), as its market capitalization gained about 4.6 billion dirhams, amid a focus on leading stocks and anticipation of the listed companies’ disclosures of the results of the fourth quarter of the year. 2024.

The market capitalization of shares listed on the market rose from 906.905 billion dirhams at the end of last Tuesday’s session (the last session of 2024), to more than 911.505 billion dirhams at the end of yesterday’s session.

During the first three sessions of the new year 2025, the market index rose by 0.63%, equivalent to 32.7 points, to the level of 5190.7 points, from the level of 5158 points, maintaining stability above the level of 5100 points.

On a daily level, local stock markets returned to reap new gains, as the Dubai Financial Market index jumped by 1.25% at the end of yesterday’s trading, with trades amounting to 601.87 million dirhams, while the Abu Dhabi Securities Market index jumped by 1.14%, reaching the level of 9418.3 points, with trades amounting to 601.87 million dirhams. Total: 1.218 billion dirhams.

According to Dubai Financial data, the total amount of purchases from foreign investors’ transactions during yesterday’s session amounted to about 17.013 million dirhams, after purchases worth 360.56 million dirhams, and sales worth 343.55 million dirhams.

The value of citizens’ “sales” of shares in the Dubai Financial Market amounted to about 258.321 million dirhams, compared to “purchases” worth 241.309 million dirhams, so that the total was a “sale” worth 17.01 million dirhams.

Institutions also tended to purchase at a value of about 458.95 million dirhams, compared to “sales” amounting to 401.985 million dirhams, and the net institutional investment amounted to about 56.96 million dirhams, the result of “purchase.”

The value of individual sales amounted to 199.887 million dirhams, compared to purchases of shares worth 143.921 million dirhams, so that the total “sales” amounted to about 55.966 million dirhams.