Dubai, UAE – The Dubai Financial Market index closed last April’s trading up by 6.1%, or 331.64 points. To close trading at 5766.05 points. This is supported by the growth of stocks in the industrial, real estate, telecommunications, banking and luxury consumer goods sectors.
This comes amid the announcement by a number of major leading companies in the real estate and banking sectors listed on the market of strong financial results for the first quarter of this year. This enhanced investor confidence and contributed to supporting market gains and stability.
High market capital
Dubai Financial’s market capitalization rose from AED 896.67 billion in the last session last March, to AED 944.83 at the end of yesterday’s session (last session in April). The market capitalization gained about 48.16 billion dirhams.
The market’s performance last April supported the growth of a number of key sectors, most notably the industrial sector, which rose by 15.7%. The real estate sector grew by 3.87%, in addition to the banking sector, which recorded a growth of 2.77%. The telecommunications sector, which rose by 7.8%, as well as the luxury consumer goods sector, which grew by 14.02%.
Last April, citizen investors in the Dubai Financial Market turned to buying, with a net investment of AED 1.21 billion. After recording purchases worth 11.69 billion dirhams, compared to sales worth 10.48 billion dirhams.
The shares listed on the Dubai Financial Market attracted liquidity exceeding 21.4 billion dirhams, after trading in about 6.11 billion shares. 437,32 deals were executed.
