Dubai, UAE – The Dubai Financial Market closed trading on Wednesday, the first session of Ramadan, up by 1.21%, or 80.72 points, at 6,765.07 points.
Supported by a collective rise in sector stocks, led by real estate, banking and industry.
This comes as listed companies announced strong business results for the previous fiscal year.
Dubai Financial’s market capitalization rose to AED 1.128 trillion at the end of Wednesday’s session.
Compared to 1.115 trillion dirhams at the end of trading the day before yesterday, with gains amounting to about 13 billion dirhams.
The market performance supported the growth of real estate sector stocks by 2.79%, banks by 0.64%, industry by 1.14%, public utilities by 0.77%, in addition to communications by 0.46%.
During trading on Wednesday, foreign (non-Arab) investors in the Dubai Financial Market tended to buy with a net investment of about 170.44 million dirhams.
After recording purchases worth 355.26 million dirhams, compared to sales worth 184.82 million dirhams.
The stocks listed on the market attracted liquidity exceeding 821.55 million dirhams.
After trading approximately 225.61 million shares and executing 13,771 transactions.
Shares of six companies listed on Dubai Financial accounted for 76.22% of market liquidity at the end of trading on Wednesday.
These companies are: Emaar Properties, Air Arabia, Emaar Development, Emirates NBD, Dubai Islamic, and Talabat.
According to market data, the total trading value of the six shares amounted to approximately AED 626.25 million.O
The total trading value in the Dubai Financial Market as a whole amounted to approximately AED 821.55 million.
