Dubai, UAE – The Dubai Financial Market closed last week’s trading, up 4.2%, or 230.3 points, at 5,715.47 points. Supported by the rise in six sectors, led by industry, real estate and banking.
Dubai Financial’s market capitalization rose to AED 948.874 billion by the end of the week’s session, Friday. Compared to 910.789 billion dirhams at the end of trading the previous week, with gains amounting to about 38.08 billion dirhams.
Market performance supported the rise of six sectors, led by the industrial sector by 8.66%, and real estate by 3.84%. In addition, the banking sector increased by 3.67%, public utilities by 1.83%, and luxury consumer goods by 3.12%. And basic consumer goods by 0.77%.
Shares listed on the Dubai Financial Market attracted liquidity exceeding AED 5.97 billion. After trading approximately 1.63 billion shares and executing 106,858 transactions.
Real estate sector.. Greater liquidity
The real estate sector accounted for about 55.78% of the total market liquidity. Trading in shares of listed real estate companies amounted to about 3.33 billion dirhams in a week. Emaar Properties accounted for the largest share, with trading in the company’s shares amounting to about 2.88 billion dirhams during last week’s trading.
As for the banking sector, its share was 18.26% of the total market liquidity, amounting to 1.09 billion dirhams. Trading in shares of listed companies in the industrial sector amounted to approximately 707.13 million dirhams.
During last week’s trading, citizen investors in the Dubai market tended to buy with a net investment of about 853.87 million dirhams. After recording purchases worth 3.42 billion dirhams, compared to sales worth 2.56 billion dirhams.
Abu Dhabi Securities Exchange
For its part, the Abu Dhabi Securities Market ended trading last week, up by 2.48%. To close at 9838.39 points.
Market capitalization rose to approximately AED 2.831 trillion by the end of last week’s session. Compared to 2.771 trillion dirhams at the end of trading the previous week, with gains amounting to about 60.22 billion dirhams.
