Dubai, UAE – The Dubai Financial Market closed last week’s trading up 0.59%, or 39.11 points, at 6,730.11 points.
This continues its rise for the second week in a row, supported by the rise in shares in the real estate, industry, public utilities and communications sectors.
In addition, listed companies continued to announce strong business results for the fourth quarter of last year.
The market capitalization of «DIB» rose to 1.12 trillion dirhams at the end of the week’s session, Friday.
Compared to 1.107 trillion dirhams at the end of the previous week’s trading, with gains amounting to about 13.37 billion dirhams.
Market performance supported the growth of a number of sectors, led by the real estate sector by 2.78%, the communications sector by 4.76%, public utilities by 0.22%, and industry by 0.39%.
Shares listed on the Dubai Financial Market attracted liquidity exceeding AED 5.33 billion.
This comes after trading approximately 1.48 billion shares and executing 93,489 transactions.
During last week’s trading, foreign (non-Arab) investors in the market turned to buying, with a net investment of about 471.5 million dirhams.
After recording purchases worth more than 2.4 billion dirhams, compared to sales worth 1.93 billion dirhams.
