4.58 billion dirhams, Dubai Financial’s gains in a week

The Dubai Financial Market closed last week’s trading yesterday, rising by 0.68%, or the equivalent of 40.79 points, at the level of 6059.14 points, supported by the leading stocks in the banking sector. The market capitalization of Dubai Financial rose to 997.7 billion dirhams at the end of last week’s session, compared to 993.12 billion dirhams at the end of the previous week’s trading, with gains amounting to about 4.58 billion dirhams.

The market performance supported the growth of the shares of four sectors, led by the communications sector by 4.88%, and the “banks” sector by 1.19%, in addition to an increase in the luxury consumer goods sectors by 0.76%, and the “public utilities” sectors by 0.21%.

Shares listed on the Dubai Financial Market attracted liquidity exceeding 2.86 billion dirhams, after trading about 733.31 million shares and executing 63,858 transactions.

During last week’s transactions, foreign (non-Arab) investors in the market tended to buy, with a net investment of about 121 million dirhams, after they recorded purchases worth more than 1.429 billion dirhams, compared to sales worth 1.308 billion dirhams.

For its part, the Abu Dhabi Securities Market ended last week’s trading with an increase of 0.21%, closing at 9900.8 points.

Market capitalization rose to about 3.901 trillion dirhams at the end of last week’s session, compared to 3.896 trillion dirhams at the end of the previous week’s trading, with gains amounting to about 5.28 billion dirhams.

During last week’s transactions, shares listed on the Abu Dhabi Market attracted liquidity exceeding 4.63 billion dirhams, after trading about 1.19 billion shares and executing 101,925 transactions.