Dubai, UAE – The Dubai Financial Market index closed trading in February, rising by 1.06%, or 68.14 points.
To close trading at 6,503.5 points, supporting the growth of shares in the real estate, industry and communications sectors.
This comes amid a number of major leading companies in the market announcing strong financial results for the last fiscal year.
This enhanced investor confidence and contributed to supporting market gains and stability.
Dubai Financial’s market capitalization rose from AED 1.0627 trillion in the last session of January, to AED 1.079 trillion at the end of Friday’s session (the last session of February).
The market capitalization gained about 16.35 billion dirhams.
The market performance during the current month of February supported the growth of a number of key sectors, most notably the real estate sector, which rose by 8.33%, after Emaar Properties shares rose by 8%, Emaar Development Company by 12.5%, Mazaya Holding by 15.42%, and Union Properties by 4.14%, while the industrial sector grew by 6.4%, in addition to the telecommunications sector, which recorded a growth of 6.31%.
During February, foreign (non-Arab) investors in the Dubai Financial Market turned to buying, with a net investment of AED 1.49 billion.
After recording purchases worth 9.77 billion dirhams, compared to sales worth 8.28 billion dirhams.
The shares listed on the Dubai Financial Market attracted liquidity exceeding 20.27 billion dirhams, after trading about 5.58 billion shares and executing 342.92 thousand transactions.
