Dubai, United Arab Emirates – The Dubai Financial Market index rose by 1.06% in yesterday’s trading.
Or the equivalent of 64.23 points at the level of 6072.06 points.
Supported by the growth of real estate and banking sector stocks, listed companies continued to report strong business results for the first nine months of this year.
Dubai Financial’s market capitalization rose to more than AED 1.048 trillion at the end of Monday’s session.
Compared to 1.036 trillion dirhams, at the end of Sunday’s trading.
This was achieved with gains amounting to about 12.23 billion dirhams, and the market performance supported the growth of real estate sector stocks by 2.69%, and banks by 1.13%.
Shares of «Iktissab» jumped by 11.75%, «Ithmaar Holding» by 8.7%, and «Sha’a Capital» by about 4.05%. Shares of «Takaful Emirates» also rose by 3.95%, «Emaar Properties» by about 3.73%, «Salik» by 3.07%, and «Emirates NBD» by 2.21%.
Shares of «Etihad Properties» rose by 2.1%, «Parkin» by 2.05%, «Emaar Development» by 2.03%, «Mashreq» by 1.92%, «Dubai Islamic» by 1.49%, and «Diyar Development» by 0.97%.
significant liquidity
Foreign (non-Arab) investors in the Dubai market turned to buying with a net investment of AED 344.31 million.
After recording purchases worth 597.58 million dirhams, compared to sales worth 253.26 million dirhams.
During Monday’s trading, stocks listed on the Dubai market attracted liquidity exceeding 1.043 billion dirhams.
This came after trading approximately 326.507 million shares and executing 155,643 transactions.
The shares of six companies listed on «Dubai Financial», namely: «Emaar Properties», «Emaar Development», «Salik», «Dubai Islamic», «Talabat», and «Gulf Navigation Holding», accounted for 48.34% of the market’s liquidity at the end of yesterday’s trading.
According to market data, the total trading value of the six shares amounted to approximately AED 504.48 million.
The total trading value in the Dubai Financial Market as a whole amounted to approximately AED 1.043 billion.
The shares of «Emaar Properties» topped the market activity, in terms of liquidity, by about 258.95 million dirhams, rising by 3.73% to 13.9 dirhams.
While «Emaar Development» shares came second, with a trading value of 73.94 million dirhams.
«Salik» shares came in third with trading amounting to AED 45.9 million at AED 6.38 per share.
«Dubai Islamic» shares also recorded trading of approximately AED 42.1 million, at AED 9.54 per share.
It was followed by the share «Talabat» with about 41.99 million dirhams, while the share «Gulf Navigation Holding» traded at about 41.5 million dirhams.
