3.84 billion dirhams in “Dubai Financial” gains, supported by “industry” and “real estate” stocks

The Dubai Financial Market continued to rise for the third session in a row by 1.07%, or the equivalent of 63.2 points, to close today’s trading at the level of 5929.51 points, supported by the growth of industrial and real estate stocks.

The market capitalization of Dubai Financial rose to 972.62 billion dirhams at the end of today’s session, compared to 968.78 billion dirhams at the end of yesterday’s trading, with gains amounting to about 3.84 billion dirhams.

The market performance supported the growth of shares of the industrial sectors by 3.41%, real estate by 2.07%, luxury consumer goods by 0.86%, and the basic consumer goods sector by 0.05%.

During today’s transactions, UAE national investors in the Dubai Financial Market tended to buy with a net investment of about 57.98 million dirhams, after recording purchases worth 881.57 million dirhams, compared to sales worth 823.59 million dirhams.

Shares listed on the market attracted liquidity exceeding 1.55 billion dirhams, after trading about 447.87 million shares and executing 25,620 transactions.

The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Air Arabia, Emirates NBD, Emaar Development, Amlak, and Dubai Islamic Bank, acquired a percentage exceeding 72.72% 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 1.12 billion dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 1.55 billion dirhams.

“Emaar Properties” stock topped the market activity in terms of liquidity at about 728.49 million dirhams, up 2.58% at 12.7 dirhams per share, while “Air Arabia” stock came second with a trading value of 123.5 million dirhams, up 4.13% at 5.2 dirhams, and “Emirates NBD Bank” stock came third with trades amounting to 80.42 million dirhams at 30.3 dirhams per share.

“Emaar Development” stock came fourth with trades valued at 73.67 million dirhams, up 1.44% at 15.44 dirhams, while “Amlak” stock came fifth with trades worth 69.98 million dirhams, up 3.33%, and “Dubai Islamic Bank” came sixth with trades amounting to 51.2 million dirhams at 7.48 dirhams per share.

For its part, the Abu Dhabi Securities Market ended today’s trading with an increase of 0.261%, or the equivalent of 25.83 points, to close at the level of 9918.14 points.

The market capitalization of listed stocks rose to about 2.863 trillion dirhams at the end of today’s session, compared to 2.86 trillion dirhams at the end of yesterday’s trading, with gains amounting to about 2.74 billion dirhams.

Shares listed on the market attracted liquidity exceeding 1.61 billion dirhams during today’s trading, after trading about 641.65 million shares and executing 36,332 transactions.