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The Dubai Financial Market Index rose by 1.91% in a week, and the market achieved gains of about 14 billion dirhams in 5 sessions, supported by gains in leading stocks in the main sectors.
The market capitalization of Dubai’s listed shares rose from 747 billion dirhams at the end of the Friday session before last, reaching 760.9 billion dirhams at the end of yesterday’s session.
In a week, Mashreq shares topped Dubai shares, rising 8.6%, and Al Salam Bank Sudan shares rose 8.4%, Dubai Taxi 7.8%, Du 6.3%, Parkin 6%, SALIC 4.8%, and Dubai Financial Market 4.65%. “Emaar Properties” captured the largest share of Dubai market liquidity in a week with 348.4 million dirhams, followed by “Emirates NBD” with 215.5 million dirhams, then “Dubai Islamic” attracting 140.6 million dirhams.
Non-Arab foreign investors tended to buy in the Dubai market with a net investment of 189.4 million dirhams in 5 sessions, after achieving purchases worth 629 million dirhams, compared to sales of about 439.6 million dirhams. In addition, the FTSE Abu Dhabi General Market Index (FADGI) rose by 0.33% to the level of 9469.48 points, making the market gain about 15 billion dirhams in a week. “Ibex Investment” topped the activity in the Abu Dhabi market with the largest share of total trading with liquidity of 2.3 billion dirhams in a week, followed by “Modon Holding” attracting 831.5 million dirhams, then “International Holding” with liquidity of approximately 831 million dirhams.
In the Abu Dhabi market during the week, shares of Aram Group rose 39.9%, Bayanat 8.9%, Al-Ittihad Insurance 8.5%, Ibex Investment 8.2%, Al-Sir Equipment 6.7%, Food Holding 5.9%, Mudon Holding 5.8%, and ESG 4.4%.
Local stock markets achieved gains of about 29 billion dirhams in 5 sessions, supported by the performance of leading stocks in the Dubai and Abu Dhabi markets. The market capitalization of listed stocks rose from 3.641 trillion dirhams at the end of the Friday session before last to 3.670 trillion dirhams at the end of yesterday’s session, distributed by 2.909 trillion dirhams for stocks listed on the Abu Dhabi Securities Market and 760.9 billion dirhams for stocks listed on the Dubai Financial Market.
Local stocks attracted liquidity during the week of approximately 9.85 billion dirhams, distributed by 8.1 billion dirhams in the Abu Dhabi market, and 74.1 billion dirhams in the Dubai market, after trading 2.95 billion shares, through the implementation of more than 177.3 thousand transactions.
Regarding daily performance, UAE stock indices held steady at the end of yesterday’s session, with the Dubai market index declining 0.12% at 4,521.26 points, while the Abu Dhabi market fell 0.47% to 9,468.48 points.
