Economy Politics Local 2025-10-30T03:01:21+00:00

Dubai stocks gain for second day in a row

Dubai's stock market continued its upward trend for the second consecutive session, gaining 0.32% to 6089.23 points, supported by real estate and industrial stocks and strong corporate results.


Dubai stocks gain for second day in a row

Dubai's stock market continued its upward trend for the second consecutive session on Wednesday, gaining 0.32%, or 19.67 points, to reach 6089.23 points. The market was supported by rising shares in the real estate and industrial sectors, as listed companies continued to disclose strong financial results for the first nine months of the current year. The market capitalization of Dubai Financial Market increased to 1.0534 trillion dirhams by the end of the session, up from 1.0485 trillion dirhams the previous day, with gains of nearly five billion dirhams. The market was driven by a 0.99% increase in industrial stocks and an 0.8% rise in real estate shares. Notable gainers included Salik (up 3.27%), Spince (up 2.56%), and Emirates NBD (up 2.01%). Foreign (non-Arab) investors in the Dubai market turned to buying with a net investment of 31.05 million dirhams. The stocks listed on the Dubai market attracted liquidity exceeding 662.75 million dirhams, with 164.95 million shares traded across 11,234 deals. Six companies, including Emaar Properties, Emaar Development, Dubai Islamic Bank, du, Dubai Investment, and DEWA, accounted for 68.6% of the market's liquidity.