“Dubai Financial” soars above the level of 6,200 points, with gains of 10 billion dirhams

The Dubai Financial Market Index rose above the level of 6200 points, continuing its gains for the fifth session in a row, rising, at the close of trading yesterday, by 1.068%, or the equivalent of 66.01 points, at the level of 6248.56 points, supported by a collective rise in sectors, most notably real estate, industry and banks.

The market capitalization of Dubai Financial rose to more than 1.027 trillion dirhams at the end of yesterday’s session, compared to 1.017 trillion dirhams at the end of trading the day before yesterday, with gains amounting to about 10 billion dirhams.

The market performance supported a collective rise in sectors, led by real estate sector stocks by 2.03%, industry by 1.16%, and banks by 0.8%.

Foreign investors (non-Arabs) in the Dubai market tended to buy with a net investment of 140.46 million dirhams, after recording purchases worth 341.57 million dirhams, compared to sales worth 201.11 million dirhams.

During yesterday’s trading, shares listed on the Dubai Financial Market attracted liquidity exceeding 882.13 million dirhams, after trading about 233.34 million shares and executing 15,227 transactions.

The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Emaar Development, Emirates NBD, Dubai Islamic Bank, Air Arabia, and Emirates Integrated Telecommunications – du, accounted for about 67.25% 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 593.3 million dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 882.13 million dirhams.

Emaar Properties shares topped the market activity, in terms of liquidity, at about 324.35 million dirhams, an increase of 2.06% at 14.8 dirhams, while “Emaar Development” shares came second with a trading value of 83.74 million dirhams, with a growth of 2.81% at 16.45 dirhams, which is the highest closing price since its listing.

“Emirates NBD Bank” stock came third with trades amounting to 55.73 million dirhams at 29.4 dirhams per share, while “Dubai Islamic Bank” stock recorded trades at about 48.71 million dirhams, up 1.17% at 9.49 dirhams per share.

Air Arabia share trades amounted to about 47.22 million dirhams, up 4.62%, at the highest price since listing, recording 4.98 dirhams, while “Emirates Integrated Telecommunications – Du” share trades amounted to 33.54 million dirhams, at 9.94 dirhams per share, an increase of 0.7%.

In a related context, yesterday’s session witnessed Alec Holding Company’s share recording its highest closing since listing, as it rose by 1.19% to 1.74 dirhams, with trades worth 24.78 million dirhams.

For its part, the Abu Dhabi Securities Market ended yesterday’s trading with an increase of 0.514%, closing at the level of 10,047.83 points, and the market capitalization rose to about 3.126 trillion dirhams, at the end of yesterday’s session, compared to 3.123 trillion dirhams, at the end of trading the day before yesterday, with gains amounting to about three billion dirhams.

During yesterday’s trading, shares listed on the Abu Dhabi Market attracted liquidity exceeding 1.26 billion dirhams, after trading about 452.04 million shares and executing 18,606 transactions.

. Shares of “Emaar Development”, “Alec Holding” and “Air Arabia” record the highest price since listing.