Dubai, UAE – The Dubai Financial Market closed trading on Wednesday, up 2.95%, or 169.35 points, at 5,898.42 points. Supported by a collective rise in sector stocks, led by industry, real estate and banking.
Dubai Financial’s market capitalization rose to AED 971.68 billion at the end of Wednesday’s session, compared to AED 946.55 billion. At the end of trading, Tuesday, with gains amounting to about 25.13 billion dirhams.
Supporting diverse sectors
The market performance supported the growth of shares in several sectors, including industrial sector shares by 5.2%, real estate by 4.36%, and banks by 1.85%. Luxury consumer goods at 2.6%, and public utilities at 0.85%. In addition to communications at 0.75%, and the basic consumer goods sector at 2.6%.
During trading on Wednesday, foreign investors (Arabs, non-Arabs, and citizens of the Gulf Cooperation Council countries) in the Dubai Financial Market tended to buy, with a net investment amounting to about 47.82 million dirhams. After recording purchases worth AED 501.99 million, compared to sales worth AED 454.17 million.
significant liquidity
The stocks listed on the market attracted liquidity exceeding 1.06 billion dirhams, after trading about 421.68 million shares. 23,799 deals were executed.
It acquired shares of six companies listed on Dubai Financial: Emaar Properties, Emaar Development and Emirates NBD. Air Arabia, Talabat, and Dubai Islamic Bank. With a percentage exceeding 69% of market liquidity at the end of trading, Wednesday.
According to market data, the total trading value of the six shares amounted to approximately AED 741.59 million. While the total trading value in the Dubai market as a whole amounted to approximately AED 1.06 billion.
