The Dubai Financial Market profits 21.78 billion dirhams, supported by “real estate” and “banking” stocks.

The Dubai Financial Market closed trading today, up by 1.63%, or the equivalent of 87.88 points, at the level of 5470.9 points, supported by the rise in most of the listed sectors, led by real estate and banks. The market capitalization of Dubai Financial rose to 911.88 billion dirhams at the end of today’s session, compared to 890.096 billion dirhams at the end of yesterday’s trading, with gains amounting to about 21.78 billion dirhams.
The market performance supported the growth of stocks in seven sectors, led by real estate stocks by 2.64%, banks by 1.98%, communications by 1.43%, luxury consumer goods by 0.7%, in addition to basic consumer goods by 2.99%, public utilities by 1.71%, and industry by 0.34%, while the basic materials sector declined alone by 4.22%.
During today’s transactions, national investors in the Dubai Financial Market tended to buy, with a net investment of about 311.54 million dirhams, after recording purchases worth 870.42 million dirhams, compared to sales worth 558.88 million dirhams.
The shares listed on the market attracted liquidity exceeding 1.48 billion dirhams, after trading about 327.14 million shares and executing 29 thousand and 66 transactions.
The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Emirates NBD, Emaar Development, Dubai Islamic Bank, Air Arabia, and Amlak Finance, acquired a percentage exceeding 82.64% of the market liquidity at the end of today’s trading.
According to market data, the total trading value of the six stocks amounted to about 1.22 billion dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 1.48 billion dirhams.
“Emaar Properties” stock topped the market activity in terms of liquidity, as trades exceeded 741.71 million dirhams, rising 3.94% at 11.85 dirhams per share, occupying about 49.84% of the market liquidity, while “Emirates NBD” stock came second with a trading value of 164.44 million dirhams, rising by 7.25% at 28.1 dirhams. For the stock.
“Emaar Development” stock came third with trades amounting to 133.72 million dirhams, up by 1.46% at 13.9 dirhams per share, and “Dubai Islamic Bank” stock came fourth with trades estimated at about 80.05 million dirhams, while “Air Arabia” stock came fifth with trades value of 63.26 million dirhams, and “Amlak Finance” stock came sixth with trades amounting to 63.26 million dirhams. 46.67 million dirhams at 1.79 dirhams per share.

Abu Dhabi Market
For its part, the Abu Dhabi Securities Market ended trading today, rising by 0.666%, or the equivalent of 62.79 points, to close at 9485.81 points.
The market capitalization of listed stocks rose to about 2.879 trillion dirhams at the end of today’s session, compared to 2.849 trillion dirhams at the end of yesterday’s trading, with gains amounting to about 30.4 billion dirhams.
During today’s trading, shares listed on the market attracted liquidity exceeding 1.88 billion dirhams, after trading about 352.61 million shares and executing 37,979 transactions.