The market capitalization of the Dubai Financial Market reaches its highest levels ever

The Dubai Financial Market achieved new billion-dollar gains during the first 12 sessions of this January, supported by the strength of the national economy, strong gains for leading listed stocks, and increased demand from institutions and international investors, in addition to expectations of good annual business results and a succession of new listings.
A monitoring prepared by Emirates Today, based on Dubai Financial Market data, showed that the general index rose by 1.01%, equivalent to 53.06 points, during the first 12 sessions of this January, jumping from the level of 5158.67 points at the end of last December, reaching 5211.73 points at the end of the session. On Friday, its market capitalization gained about 3.9 billion dirhams.
The market capitalization of Dubai Financial Market shares rose from 906.9 billion dirhams at the end of trading last December, to 910.8 billion dirhams at the end of Friday’s session, exceeding the level of 910 billion dirhams, reaching the highest level ever.
During the period, the value of citizens’ “purchases” of shares in the Dubai Financial Market amounted to about 3.705 billion dirhams, compared to “sales” worth 3.420 billion dirhams, so that the total was “purchases” worth 284.728 million dirhams.
The value of individual purchases amounted to 2.557 billion dirhams, compared to sales of shares worth 2.176 billion dirhams, making the total “purchase” amounting to about 381.23 million dirhams.
While the proceeds of the sale of foreign investors’ transactions amounted to about 284.728 million dirhams, after purchases worth 3.772 billion dirhams, and sales worth 4.056 billion dirhams.
Institutions also tended to sell, with a total amounting to about 380.988 million dirhams, after sales of about 4.097 billion dirhams, compared to “purchases” worth 3.716 billion dirhams.
At the level of daily trading, the Dubai Financial Market Index closed at the end of today’s trading, down by 0.46% at the level of 5211.73 points, stable at its highest levels in more than 10 years, and the Abu Dhabi Securities Market Index “Fadji” also decreased by 0.087%, reaching the level of 9499.04 points.