“Dubai Financial” profits 20.7 billion dirhams, supported by “real estate” and “banking” stocks.

The Dubai Financial Market closed today’s trading, up by 1.82%, or the equivalent of 120.35 points, at the level of 6710.88 points, supported by a collective growth of sectors, led by shares of the real estate, banking and industrial sectors.

The market capitalization of Dubai Financial rose to more than 1.1223 trillion dirhams at the end of today’s session, compared to 1.1016 trillion dirhams at the end of last Friday’s trading, with gains amounting to about 20.7 billion dirhams.

The market performance supported a collective growth of sector stocks, led by real estate sector stocks with 2.77%, banks with 2.11%, and industry with 1.24%, in addition to communications stocks with 1.4%, consumer services with 1.33%, and public utilities with 0.75%.

Foreign investors (non-Arabs) in the Dubai market tended to buy with a net investment of 204.27 million dirhams, after recording purchases worth 571.25 million dirhams, compared to sales worth 366.97 million dirhams.

During today’s trading, shares listed on the Dubai Financial Market attracted liquidity exceeding 1.01 billion dirhams, after trading about 197.54 million shares and executing 18,312 transactions.

The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Emirates NBD Bank, Dubai Islamic Bank, Emaar Development, Air Arabia and Talabat, accounted for about 85.61% of the market’s liquidity at the end of yesterday’s trading.

According to market data, the total trading value of the six stocks amounted to about 872.63 million dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 1.019 billion dirhams.

Emaar Properties shares topped the market activity, in terms of liquidity, at about 547.87 million dirhams, rising by 3.64% at 17.05 dirhams, while Emirates NBD shares came second, with a trading value of 101.35 million dirhams, with a growth of 2.92% at 37 dirhams.

“Dubai Islamic Bank” stock came third with trades amounting to 84.55 million dirhams at 8.74 dirhams per share, and “Emaar Development” stock recorded trades at about 62.41 million dirhams, up 2.9% at 19.4 dirhams per share, while “Air Arabia” stock trades amounted to about 44.52 million dirhams, and “Talabat” shares amounted to 31.91 million dirhams. AED at 0.74 dirhams per share.

For its part, the Abu Dhabi Securities Market ended trading today, rising by 0.55% to close at 10,639.44 points, and the market capitalization rose to about 3.19 trillion dirhams at the end of today’s session, compared to 3.179 trillion dirhams at the end of last Friday’s trading, with gains of 10.81 billion dirhams.

During today’s trading, shares listed on the Abu Dhabi Market attracted liquidity exceeding 1.31 billion dirhams, after trading about 291.57 million shares and executing 27,005 transactions.