Dubai, UAE – The Dubai Financial Market closed trading on Tuesday, up by 1.96%, or 112.98 points, at 5,866.53 points.
Supported by the rise in shares of five sectors: banking, industry, public utilities, and luxury consumer goods, in addition to the basic materials sector.
The stocks listed on the market attracted liquidity exceeding 4.09 billion dirhams, after trading about 641.73 million shares and executing 45,366 transactions.
Banking sector growth
Dubai Financial’s market capitalization rose to AED 981.692 billion at the end of Tuesday’s session, compared to AED 960.934 billion at the end of trading on Monday, with gains amounting to about AED 20.7 billion.
The market performance supported the growth of banking sector stocks by 5.61%, luxury consumer goods by 5.65%, industry by 1.12%, public utilities by 1.07%, in addition to basic materials by 4.88%.
During trading, citizens in the Dubai Financial Market turned to buying, with a net investment of about 1.15 billion dirhams.
After recording purchases worth 2.087 billion dirhams, compared to sales worth 929.933 million dirhams.
The shares of six companies listed on Dubai Financial, namely: Emaar Properties, Emaar Development, Emirates NBD, Air Arabia, Parkin, and Dubai Islamic Bank, accounted for 89.47% of the market’s liquidity at the end of trading, Tuesday.
According to market data, the total trading value of the six shares amounted to approximately AED 3.66 billion.
The total trading value in the Dubai Financial Market as a whole amounted to approximately AED 4.09 billion.
