“Dubai Financial” profits 3.56 billion dirhams in the session at the beginning of the week

The Dubai Financial Market closed trading today, the first session of the week, with an increase of 0.281%, or the equivalent of 16.43 points, at the level of 5870.62 points, supported by the rise in shares of the industrial, real estate and banking sectors, and the continued disclosure of strong business results for the first quarter of the current year by listed companies.

The market capitalization of Dubai Financial rose to 963.228 billion dirhams, at the end of today’s session, compared to 959.668 billion dirhams at the end of last Friday’s trading, with gains amounting to about 3.56 billion dirhams.

The market performance supported the growth of shares in four sectors, led by industry by 1.04%, real estate by 0.72%, banks by 0.1%, in addition to luxury consumer goods by 1.03%.
Shares listed on the market attracted liquidity exceeding 770.44 million dirhams after trading about 234.84 million shares and executing 16,846 transactions.

During today’s transactions, foreign (non-Arab) investors tended to buy with a net investment of about 62.15 million dirhams, after recording purchases worth more than 266.86 million dirhams, compared to sales worth 204.71 million dirhams.

The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Gulf Navigation Holding, Emirates NBD, Emaar Development, Amlak, and Dubai Islamic Bank, acquired 68.71% 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 529.41 million dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 770.44 million dirhams.

“Emaar Properties” stock topped the market activity in terms of liquidity at about 286.41 million dirhams, up by 0.8% at 12.5 dirhams, and “Gulf Navigation Holding” stock came second with a trading value of 69.95 million dirhams at 2.7 dirhams, while “Emirates NBD” stock came third with trades amounting to 58.7 million dirhams at 30.36 dirhams. AED per share, rising by 0.53%.

“Emaar Development” stock came fourth in terms of liquidity, with about 43.34 million dirhams at 15.28 dirhams, while “Amlak” stock came fifth with a trading value of 35.55 million dirhams at 1.82 dirhams, and “Dubai Islamic Bank” stock came sixth with trades amounting to 35.44 million dirhams at 7.22 dirhams per share, up by 0.69%.

The Dubai market witnessed the implementation of a large direct deal on 21.5 million shares of Gulf Navigation Holding Company, at a price of 2.61 dirhams, with a total value of 56.11 million dirhams.
It is noteworthy that the shareholders of Gulf Navigation Company approved during its annual general assembly meeting, changing the company’s name to “Etihad Energy Holding” and buying back 5% of its shares.

For its part, the Abu Dhabi Securities Market ended today’s trading, rising by 0.397%, or the equivalent of 38.82 points, to close at the level of 9827.66 points, and the market capitalization rose to about 2.828 trillion dirhams at the end of today’s session, compared to 2.809 trillion dirhams at the end of last Friday’s trading session, with gains amounting to more than 19.17 billion dirhams.
Shares listed on the Abu Dhabi Market attracted liquidity exceeding 1.09 billion dirhams, after trading about 356.25 million shares and executing 27,138 transactions.