Dubai, United Arab Emirates – The Dubai Financial Market index continued to rise in trading by 0.32%, or 19.67 points, at 6089.23 points.
This is supported by the rise in shares in the real estate and industrial sectors, and the continued disclosure by listed companies of strong business results for the first nine months of this year.
The market capitalization of «Dubai Financial» rose to 1.0534 trillion dirhams at the end of yesterday’s session, compared to 1.0485 trillion dirhams at the end of Tuesday’s trading, with gains amounting to about five billion dirhams, and market performance supported the growth of industrial sector stocks by 0.99%, and real estate by 0.8%.
The shares of «Salik» jumped by 3.27%, «Spence» by 2.56%, and «Emirates NBD» by about 2.01%.
The shares of «Parkin» also rose by 1.85%, «Emaar Development» by about 1.32%, «Emaar Real Estate» by about 0.34%, and «Ajman Bank» by 0.68%.
Foreign (non-Arab) investors in the Dubai Financial Market tended to buy with a net investment of 31.05 million dirhams.
This came after they recorded purchases worth 419.12 million dirhams, compared to sales worth 307.67 million dirhams.
Liquidity attraction
In addition, stocks listed on the Dubai market attracted liquidity exceeding AED 662.75 million during Thursday’s trading, after trading approximately 164.95 million shares and executing 11,234 transactions.
The shares of six companies listed in «Dubai Financial», namely: «Emaar Properties», «Emaar Development», Dubai Islamic Bank, «Emirates Integrated Telecommunications – DO», «Dubai Investment», and «Dewa», accounted for 68.6% of market liquidity.
According to market data, the total trading value of the six shares amounted to approximately AED 454.67 million.
The total trading value in the Dubai Financial Market as a whole amounted to approximately AED 662.75 million.
The shares of «Emaar Properties» topped the market activity, in terms of liquidity, by about 238.83 million dirhams, rising by 0.34% to 14.7 dirhams.
«Emaar Development» shares came in second with a trading value of AED 63.92 million, while Dubai Islamic Bank shares came in third with trading value of AED 63.2 million at AED 9.65 per share.
The «Do» share also recorded trading of about 36.5 million dirhams, at 9.26 dirhams per share, followed by the «Dubai Investment» share with about 26.61 million dirhams, while the trading of the «Dewa» share amounted to about 25.59 million dirhams.
