Dubai, UAE – The Dubai Financial Market closed trading on Thursday, up 0.346%, or 20.37 points, at 5911.36 points. Supported by an almost collective rise in shares of listed sectors, led by banking, real estate and telecommunications.
Dubai Financial’s market capitalization rose to AED 974.516 billion at the end of Wednesday’s session, compared to AED 971.426 billion at the end of trading on Tuesday. With gains amounting to approximately 3.089 billion dirhams.
Banks are leading the rise
Market performance supported near-collective growth in sector stocks, led by “Banks” by 0.42%, “Real Estate” by 0.24%, and “Telecommunications” by 01.32%. In addition to public utilities at 0.12%, luxury consumer goods at 0.87%, basic materials at 0.71%, and industry at 0.01%. The basic consumer goods sector alone decreased by 0.08%.
The stocks listed on the market attracted liquidity exceeding 583.34 million dirhams, after trading of about 182.29 million shares. 12,23 deals were executed.
During trading, citizen investors tended to buy with a net investment of about 18.07 million dirhams. After recording purchases worth more than AED 202.51 million, compared to sales worth AED 184.43 million.
6 companies capture liquidity
It acquired shares of six companies listed on Dubai Financial. They are: Emaar Properties, Talabat, Dubai Electricity and Water Authority – Dewa, and Emirates NBD. Emaar Development and Dubai Islamic Bank account for 81.09% of the market’s liquidity. At the end of trading, Tuesday.
According to market data, the total trading value of the six shares amounted to approximately AED 473.09 million. While the total trading value in the Dubai Financial Market as a whole amounted to approximately AED 583.34 million.
Emaar Properties shares topped the market activity, in terms of liquidity, by about 232.27 million dirhams, at 11.54 dirhams. Talabat shares came in second place with a trading value of AED 100.02 million at AED 1.19. While “Diwa” shares came third with trading amounting to 46.25 million dirhams at 2.71 dirhams per share.
Emirates NBD Bank shares came fourth in terms of liquidity, at about 40.72 million dirhams, at 29.94 dirhams. While Emaar Development shares came in fifth place with a trading value of AED 29.47 million at AED 13.5. Dubai Islamic Bank shares came in sixth place with trading amounting to AED 24.31 million at AED 7.58 per share.
