7.77 billion dirhams in gains by Dubai Financial, supported by shares in 6 sectors

The Dubai Financial Market closed today’s trading up by 0.904%, or the equivalent of 51.24 points, at 5719.5 points, supported by a rise in the shares of 6 sectors, led by real estate and industry.
The market capitalization of Dubai Financial rose to 948.44 billion dirhams at the end of today’s session, compared to 940.67 billion dirhams at the end of yesterday’s trading, with gains amounting to about 7.77 billion dirhams.

The market performance supported the growth of shares in 6 sectors, led by real estate shares by 2.76%, industry by 1.58%, basic materials by 3.98%, luxury consumer goods by 4.39%, basic consumer goods by 0.05%, in addition to communications by 0.2%.

During today’s transactions, foreign investors (non-Arabs) in the Dubai Financial Market tended to buy with a net investment of about 7.88 million dirhams, after recording purchases worth 334.24 million dirhams, compared to sales worth 326.36 million dirhams.

Shares listed on the market attracted liquidity exceeding 831.81 million dirhams, after trading about 230.99 million shares and executing 19,727 transactions.

The shares of six companies listed on Dubai Financial, namely Emaar Properties, Emaar Development, Dubai Islamic Bank, Talabat, Emirates NBD and SALIC, accounted for more than 75.15% of the market’s liquidity at the end of today’s trading.

According to market data, the total trading value of the six stocks amounted to about 625.13 million dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 831.81 million dirhams.

“Emaar Properties” stock topped the market activity in terms of liquidity at about 377.45 million dirhams, up 2.56% at 12 dirhams per share, while “Emaar Development” stock came second with a trading value of 63.86 million dirhams, up 3.59% at 15 dirhams, and “Dubai Islamic Bank” stock came third with trades amounting to 53.69 million dirhams at 7.36 dirhams per share.

Talabat stock came fourth with trades estimated at 50.45 million dirhams, up 4.63%, while Emirates NBD stock came fifth with trades worth 40.93 million dirhams, up 0.26% at 30 dirhams per share, and “SALIC” stock came sixth with trades amounting to 38.71 million dirhams at 5.7 dirhams per share, up. 3.26%.

For its part, the Abu Dhabi Securities Market ended trading today, rising by 0.556%, or the equivalent of 54.38 points, to close at 9840 points. The market capitalization of listed stocks rose to about 2.841 trillion dirhams at the end of today’s session, compared to 2.82 trillion dirhams at the end of yesterday’s trading, with gains amounting to about 21.34 billion dirhams.
During today’s trading, the shares listed on the market attracted liquidity exceeding 1.29 billion dirhams, after trading about 454.18 million shares and executing 28,145 transactions.