“Dubai Financial” rose 4.2%, with gains of 38.08 billion dirhams in a week

The Dubai Financial Market closed the week’s trading, rising by 4.2%, or the equivalent of 230.3 points, at the level of 5715.47 points, supported by an increase in six sectors led by industry, real estate, and banks. The market capitalization of Dubai Financial rose to 948.874 billion dirhams at the end of the week’s session today, compared to 910.789 billion dirhams at the end of last week’s trading, with gains amounting to about 38.08 billion dirhams.
The market performance was supported by the rise of six sectors, led by the industrial sector by 8.66%, the real estate sector by 3.84%, in addition to the rise in the banking sector by 3.67%, public utilities by 1.83%, luxury consumer goods by 3.12%, and basic consumer goods by 0.77%.

Shares listed on the Dubai Financial Market attracted liquidity exceeding 5.97 billion dirhams, after trading about 1.63 billion shares and executing 106,858 transactions.

The real estate sector accounted for about 55.78% of the total market liquidity, as trades in shares of listed real estate companies amounted to about 3.33 billion dirhams in a week, and Emaar Properties accounted for the largest share, as trades in the company’s shares amounted to about 2.88 billion dirhams during the past week’s transactions.

While the banking sector accounted for 18.26% of the total market liquidity, amounting to 1.09 billion dirhams, while trading in shares of companies listed in the industrial sector amounted to about 707.13 million dirhams.

During last week’s transactions, national investors in the Dubai Financial Market tended to buy with a net investment of about 853.87 million dirhams, after recording purchases worth 3.42 billion dirhams, compared to sales worth 2.56 billion dirhams.

In addition, the Abu Dhabi Securities Market ended the week’s trading, rising by 2.48%, to close at 9838.39 points. Market capitalization rose to about 2.831 trillion dirhams at the end of the week’s session, compared to 2.771 trillion dirhams at the end of last week’s trading, with gains of about 60.22 billion dirhams.
During the week’s trading, shares listed on the Abu Dhabi Securities Market attracted liquidity exceeding 6.13 billion dirhams, after trading about 1.85 billion shares and executing 133,797 transactions.