“Dubai Financial” continues to rise… and profits 5 billion dirhams

The Dubai Financial Market Index continued to rise in yesterday’s trading, by 0.32%, or the equivalent of 19.67 points, at the level of 6089.23 points, supported by the rise in shares of the real estate and industrial sectors, and the continued disclosure of listed companies of strong business results for the first nine months of the current year.

The market capitalization of Dubai Financial rose to 1.0534 trillion dirhams at the end of yesterday’s session, compared to 1.0485 trillion dirhams at the end of trading the day before yesterday, with gains amounting to about five billion dirhams. The market performance supported the growth of the industrial sector shares by 0.99%, and the real estate sector by 0.8%.

“SALIC” shares jumped by 3.27%, “Spinneys” by 2.56%, and “Emirates NBD” by about 2.01%, and “Parkin” shares rose by 1.85%, “Emaar Development” by about 1.32%, “Emaar Properties” by about 0.34%, and “Ajman Bank” by 0.68%.

Foreign investors (non-Arabs) in the Dubai Financial Market tended to buy with a net investment of 31.05 million dirhams, after recording purchases worth 419.12 million dirhams, compared to sales worth 307.67 million dirhams.

In addition, during yesterday’s trading, shares listed on the Dubai market attracted liquidity exceeding 662.75 million dirhams, after trading about 164.95 million shares and executing 11,234 transactions. The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Emaar Development, Dubai Islamic Bank, Emirates Integrated Telecommunications – du, Dubai Investments, and DEWA, ​​accounted for 68.6% of the market liquidity at the end of yesterday’s trading.

According to market data, the total trading value of the six stocks amounted to about 454.67 million dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 662.75 million dirhams.

The stock of “Emaar Properties” topped the market activity, in terms of liquidity, at about 238.83 million dirhams, up by 0.34% at 14.7 dirhams, and the stock of “Emaar Development” came second with a trading value of 63.92 million dirhams, and the stock of Dubai Islamic Bank came third with trades amounting to 63.2 million dirhams at 9.65 dirhams per share. “Du” shares also recorded trades of about 36.5 million dirhams, at 9.26 dirhams per share, followed by “Dubai Investments” shares at about 26.61 million dirhams, while “DEWA” shares amounted to about 25.59 million dirhams.