“Dubai Financial” profits 8 billion dirhams by supporting “real estate” shares

The Dubai Financial Market continued its rise for the fourth session in a row, yesterday, with the general index of the market closing up by 0.851%, or the equivalent of 52.15 points, at the level of 6182.55 points, supported by shares of the real estate, industry and banking sectors.

The market capitalization of Dubai Financial rose to more than 1.017 trillion dirhams at the end of yesterday’s session, compared to 1.009 trillion dirhams at the end of trading the day before yesterday, with gains amounting to about eight billion dirhams.

The market performance supported the growth of real estate sector shares by 2.1%, industry by 0.69%, and banks by 0.41%.

Foreign investors (non-Arabs) in the Dubai market tended to buy with a net investment of 169.49 million dirhams, after recording purchases worth 410.29 million dirhams, compared to sales worth 240.8 million dirhams.

During yesterday’s trading, shares listed on the Dubai Financial Market attracted liquidity exceeding 939.12 million dirhams, after trading about 240.096 million shares and executing 14,628 transactions.

The shares of six companies listed on Dubai Financial, namely: “Emaar Properties”, “Emaar Development”, “Emirates NBD Bank”, “SALIC”, “Union Properties”, and “Dubai Islamic Bank”, accounted for about 70.73% 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 664.4 million dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 939.12 million dirhams.

Emaar Properties shares topped the market activity, in terms of liquidity, at about 301.4 million dirhams, up by 2.11% at 14.5 dirhams, while “Emaar Development” stock came second, with a trading value of 138.07 million dirhams, with a growth of 2.23% at 16 dirhams.

“Emirates NBD Bank” stock came third with trades amounting to 106.99 million dirhams at 29.25 dirhams per share, and Salik Company stock recorded trades at about 40.38 million dirhams, up 1.56% at 6.5 dirhams per share, while “Union Properties” stock trades amounted to about 40.11 million dirhams, and “Dubai Islamic Bank” stock reached 37.3 million dirhams at 9.38 dirhams per share, an increase of 0.86%.

For its part, the Abu Dhabi Securities Market ended trading yesterday, rising by 0.527% to close at the level of 9996.4 points, and the market capitalization rose to about 3.121 trillion dirhams at the end of yesterday’s session, compared to 3.100 trillion dirhams at the end of trading the day before yesterday, with gains of 21 billion dirhams.

During yesterday’s trading, shares listed on the Abu Dhabi Market attracted liquidity exceeding 1.03 billion dirhams, after trading about 249.07 million shares and executing 19,493 transactions.