The Dubai Financial Market index rose by 0.22% in a week, and the market achieved gains exceeding 4 Billion Dirhams in 5 sessions, supported by gains in real estate, banking, industrial and consumer goods stocks.
The market capitalization of Dubai’s listed shares rose from 720.2 Billion Dirhams at the end of the Friday session before last, reaching 724.2 Billion Dirhams at the end of yesterday’s session. In a week, shares of Union Properties rose 11.2%, SALIC 7.85%, GFH Financial 7.4%, and Emirates NBD 4.4%.
DEYAAR Development increased by 4.4%, Dubai National Insurance by 4.25%, Aramex by 4.1%, and Taaleem Holding by 4.1%. “Emaar Properties” acquired the largest share of the Dubai market’s liquidity during the week with about 374.96 Million Dirhams, followed by “Emaar Development” with liquidity of 288.1 Million Dirhams. Then “GFH Financial” attracted 273.5 Million Dirhams.
Foreign investment
Non-Arab foreign investors tended to buy in the Dubai market with a net investment of 192.65 Million Dirhams in 5 sessions, after achieving purchases worth 884.4 Million Dirhams, compared to sales of about 691.8 Million Dirhams.
Abu Dhabi Market
The FTSE Abu Dhabi General Market Index, “FADGI,” closed at 9,221.37 points, down 0.14% in a week.
“International Holding” led the activity in the Abu Dhabi market, with the largest share of total trading with a liquidity of 1.01 Billion Dirhams in a week, followed by “Alpha Dhabi Holding” attracting 438.1 Million Dirhams, then “Aldar Properties” with a liquidity of 283.85 Million Dirhams.
In the Abu Dhabi market, during the week, shares of Agthia Holding Company rose 15.6%, GFH Financial 10.5%, Abu Dhabi National Takaful 9.6%, Palms Sports 8.7%, Agthia Group 6.9%, and Vertiglobe 4.2%.
Gains and liquidity
Local stock markets added gains of about 13 Billion Dirhams to their market capitalization in 5 sessions, supported by gains in leading stocks in the Dubai and Abu Dhabi markets.
The market capitalization of listed stocks rose from 3.575 trillion Dirhams at the end of the Friday session before last to 3.588 Trillion Dirhams at the end of yesterday’s session, distributed by 2.864 Trillion Dirhams for stocks listed on the Abu Dhabi Securities Market, and 724.2 Billion Dirhams for stocks listed on the Dubai Financial Market.
Local stocks attracted liquidity during the week of approximately 8.12 Billion Dirhams, distributed by 5.25 Billion Dirhams in the Abu Dhabi market, and 2.9 Billion Dirhams in the Dubai market, after trading 2.21 Billion shares, through the implementation of more than 117 thousand transactions.
Daily performance
The Dubai Financial Market Index closed at 4262.48 points, down 0.65% in yesterday’s session.
Union Properties shares led the rise of 17 shares on the Dubai Financial Market, rising 10.25%, while Aman shares rose 3.4%, Salik 3%, and Tabreed 2%.
Abu Dhabi Market
The FTSE Abu Dhabi General Market Index, “FADGI,” closed at 9,221.37 points, down 0.36% in yesterday’s trading.
Among the winning stocks in the Abu Dhabi market were Food Holding shares with a maximum of 15%, ESG 7%, Umm Al Quwain Investments 4.55%, and Response Plus Holding 4.2%.