Dubai, UAE – The Dubai Financial Market closed trading on Monday, the first session of the week, up by 0.281%, or 16.43 points, at 5,870.62 points. Supported by a rise in stocks in the industrial, real estate, banking and luxury consumer goods sectors. Listed companies continued to disclose strong business results for the first quarter of this year.
Dubai Financial’s market capitalization rose to AED 963.228 billion by the end of Monday’s session. Compared to 959.668 billion dirhams at the end of trading last Friday, with gains amounting to about 3.56 billion dirhams.
The market performance supported the growth of shares in four sectors, led by industry by 1.04%, real estate by 0.72%, and banks by 0.1%. In addition to luxury consumer goods at 1.03%.
Attracting large liquidity
The listed stocks attracted liquidity exceeding AED 770.44 million. After trading approximately 234.84 million shares and executing 16,846 transactions.
During Monday’s trading, foreign (non-Arab) investors tended to buy with a net investment of about 62.15 million dirhams. After recording purchases worth more than AED 266.86 million, compared to sales worth AED 204.71 million.
It acquired shares of six companies listed on Dubai Financial: Emaar Properties, Gulf Navigation Holding, Emirates NBD, and Emaar Development. Amlak and Dubai Islamic Bank accounted for 68.71% of the market’s liquidity at the end of Monday’s trading.
According to market data, the total trading value of the six shares amounted to approximately AED 529.41 million. The total trading value in the Dubai Financial Market as a whole amounted to approximately AED 770.44 million.
big deal
The Dubai market witnessed the implementation of a large direct deal on 21.5 million shares of Gulf Navigation Holding Company at a price of 2.61 dirhams and a total value of 56.11 million dirhams.
It is noteworthy that the shareholders of the Gulf Navigation Company approved, during its annual general assembly meeting, changing the company’s name to “Etihad Energy Holding” and buying back 5% of its shares.
