3.1 billion dirhams market gains for “Dubai Financial”

The Dubai Financial Market closed trading yesterday, up by 0.346%, or the equivalent of 20.37 points, at 5,911.36 points, supported by an almost unanimous rise in shares of listed sectors, led by banks, real estate, and communications.

The market capitalization of Dubai Financial rose to 974.516 billion dirhams at the end of yesterday’s session, compared to about 971.426 billion dirhams at the end of trading the day before yesterday, with gains amounting to about 3.089 billion dirhams.

The market performance was supported by an almost collective growth of sector stocks, topped by “banks” by 0.42%, “real estate” by 0.24%, and “communications” by 01.32%, in addition to public utilities by 0.12%, luxury consumer goods by 0.87%, basic materials by 0.71%, and industry by 0.01%, while the basic consumer goods sector declined alone by 0.08%.

The shares listed on the market attracted liquidity exceeding 583.34 million dirhams, after trading about 182.29 million shares and executing 12 thousand and 23 transactions.

During yesterday’s transactions, national investors tended to buy with a net investment of about 18.07 million dirhams, after recording purchases worth more than 202.51 million dirhams, compared to sales worth 184.43 million dirhams.

The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Talabat, Dubai Electricity and Water Authority – DEWA, ​​Emirates NBD Bank, Emaar Development, and Dubai Islamic Bank, acquired 81.09% of the market liquidity, at the end of yesterday’s trading.

According to market data, the total trading value of the six stocks amounted to about 473.09 million dirhams, while the total trading value in the Dubai Financial Market as a whole amounted to about 583.34 million dirhams.

“Emaar Properties” stock topped the market activity, in terms of liquidity, with about 232.27 million dirhams, at 11.54 dirhams, and “Talabat” stock came second with a trading value of 100.02 million dirhams, at 1.19 dirhams, while “Dewa” stock came third with trades amounting to 46.25 million dirhams, at 2.71 dirhams per share.

“Emirates NBD Bank” stock came fourth in terms of liquidity, with about 40.72 million dirhams at 29.94 dirhams, while “Emaar Development” stock came fifth with a trading value of 29.47 million dirhams at 13.5 dirhams, and “Dubai Islamic Bank” stock came sixth with trades amounting to 24.31 million dirhams at 7.58 dirhams per share.

For its part, the Abu Dhabi Securities Market ended yesterday’s trading at the level of 9831.46 points, and the market capitalization reached about 2.877 trillion dirhams at the end of yesterday’s session, and the shares listed on the Abu Dhabi Market attracted liquidity exceeding 930.02 million dirhams, after trading about 190.818 million shares, and executing 19 thousand and 941 transactions.