Dubai Financial continues its rise with gains of 6.28 billion dirhams

The Dubai Financial Market closed trading yesterday, up by 0.809%, or the equivalent of 44.56 points, at 5,550.24 points, continuing its gains for the second session in a row, supported by a rise in the shares of five sectors, led by real estate and banks.

The market capitalization of Dubai Financial rose to 917.73 billion dirhams at the end of yesterday’s session, compared to 911.45 billion dirhams at the end of trading the day before yesterday, with gains amounting to about 6.28 billion dirhams.

The market performance supported the growth of shares of five sectors, led by real estate sector shares by 4.48%, banks by 0.52%, communications by 0.49%, luxury consumer goods by 1.78%, in addition to basic consumer goods by 0.61%.

During yesterday’s transactions, national investors in the Dubai Financial Market tended to buy with a net investment of about 374.59 million dirhams, after recording purchases worth 1.18 billion dirhams, compared to sales worth 805.74 million dirhams.

Shares listed on the market attracted liquidity exceeding 2.42 billion dirhams, after trading about 538.83 million shares and executing 41,869 transactions.

The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Emirates NBD Bank, Dubai Islamic Bank, Emaar Development, Gulf Navigation Holding, and SALIC, acquired a percentage exceeding 76.44% 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 1.85 billion dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 2.42 billion dirhams.

“Emaar Properties” stock topped the market activity in terms of liquidity, as trades on the stock exceeded one billion dirhams, rising 4.3% at 11.95 dirhams per share, while “Emirates NBD” stock came second with a trading value of 268.17 million dirhams, and “Dubai Islamic Bank” stock came third with trades amounting to 201.31 million dirhams.

“Emaar Development” stock came fourth with trades estimated at 156.06 million dirhams, up 0.85% at 14.4 dirhams per share, while “Gulf Navigation Holding” stock came fifth with trades worth 101.76 million dirhams, and “SALIC” stock came sixth with trades amounting to 81.45 million dirhams at 5.2 dirhams per share.

For its part, the Abu Dhabi Securities Market ended trading yesterday, rising by 0.156%, or the equivalent of 14.91 points, to close at 9,571.05 points. The market capitalization of listed stocks rose to about 2.894 trillion dirhams at the end of yesterday’s session, compared to 2.884 trillion dirhams at the end of trading the day before yesterday, with gains amounting to about 9.6 billion dirhams.

During yesterday’s trading, shares listed on the market attracted liquidity exceeding 3.17 billion dirhams, after trading about 916.9 million shares and executing 45,487 transactions.