Dubai, UAE – UAE financial market indices ended last week’s trading higher. The Dubai Financial Market index rose by 2.56%, while the Abu Dhabi Securities Market index rose by 1.82%. Local stocks recorded market gains of about 69 billion dirhams, supported by the strong performance of leading stocks. In addition, listed companies continue to disclose strong financial results for the second quarter of this year.
The market capitalization of shares listed on the two markets rose from about 3.849 trillion dirhams at the end of trading the previous week. To about 3.92 trillion dirhams at the end of trading last week. Distributed AED 2.93 trillion to shares listed on the Abu Dhabi Securities Exchange. And AED 985.59 billion for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity exceeding 9.56 billion dirhams. It was distributed at a rate of 3.36 billion dirhams on the Dubai Financial Market, and 6.21 billion dirhams on the Abu Dhabi Securities Market. After trading 2.31 billion shares through 192,138 transactions.
Dubai Financial Market
The Dubai Financial Market closed last week’s trading up for the second week in a row by 2.56%. Equivalent to 148.57 points, closing at 5944.5 points, supported by the near-collective rise in sectors. Foremost among them are real estate and banks.
Dubai Financial’s market capitalization rose to AED 985.59 billion by the end of the week’s session. Compared to AED 960.37 billion at the end of the previous week’s trading, achieving gains of AED 25.22 billion.
Market performance was supported by the near-collective rise of sectors. The real estate sector rose by 3.28%, the banking sector by 3.26%, and the luxury consumer goods sector by 3.8%. The industrial sector by 2.27%, the communications sector by 1.15%, and the public utilities sector by 0.68%.
Shares listed on the Dubai Financial Market attracted liquidity exceeding AED 3.36 billion. After trading 898.51 million shares through the execution of 71,773 transactions.
During last week’s trading, foreign (non-Arab) investors turned to buying, with a net investment of about 54 million dirhams. After implementing purchases exceeding 1.42 billion dirhams, compared to sales worth 1.366 billion dirhams.
Abu Dhabi Securities Exchange
For its part, the Abu Dhabi Securities Market ended last week’s trading up for the third week in a row, by 1.82%. Equivalent to 180.05 points, to close at 10,094.67 points.
The market capitalization of Abu Dhabi Securities rose to about 2.932 trillion dirhams at the end of last week’s session. Compared to 2.889 trillion dirhams at the end of trading the previous week. Achieving gains amounting to approximately 43.65 billion dirhams.
During last week’s trading, stocks listed on the Abu Dhabi Securities Exchange attracted liquidity exceeding 6.21 billion dirhams. After trading 1.41 billion shares through the execution of 120,365 transactions.
During last week’s trading, foreign (non-Arab) investors turned to buying, with a net investment of about 497.49 million dirhams. After implementing purchases exceeding 2.52 billion dirhams, compared to sales worth 2.02 billion dirhams.
