The Dubai Financial Market closed yesterday's session, the first of February, up by 2.14%, or 138 points, to a level of 6573.36 points, supported by rising shares in the real estate, banking, industrial, utilities, and communications sectors. This coincided with a series of announcements by listed companies reporting strong financial results for the previous fiscal year. The market capitalization of the 'Dubai Financial' increased to 1.089 trillion dirhams by the end of yesterday's session, compared to 1.062 trillion dirhams at the close of trading last Friday (the last session of January), with gains amounting to approximately 27 billion dirhams. The market's performance was boosted by a 3.74% increase in real estate sector shares, a 2.44% rise in banking shares, a 1.28% increase in industrial shares, a 1.09% rise in utilities, and a 1.46% increase in communications. During yesterday's trading, foreign (non-Arab) investors in the Dubai Financial Market focused on buying, with a net investment of around 231.11 million dirhams after recording purchases worth 459.12 million dirhams versus sales of 228.01 million dirhams. Listed shares attracted liquidity exceeding 900.41 million dirhams after trading around 211.6 million shares and executing 14,582 transactions. Six companies listed on the 'Dubai Financial' — 'Emaar Properties', 'Emirates NBD', 'Emaar Development', 'Dubai Islamic Bank', 'Amlak Finance', and 'Air Arabia' — accounted for 77.38% of market liquidity by the end of yesterday's session. According to market data, the total trading value of the six shares amounted to approximately 696.8 million dirhams, while the total trading value on the Dubai Financial Market as a whole reached about 900.41 million dirhams. 'Emaar Properties' shares led market activity in terms of liquidity with around 310.7 million dirhams, up 4% at 15.6 dirhams. 'Emirates NBD' shares came second with a trading value of 169.47 million dirhams, up 6.1% at 33 dirhams. 'Emaar Development' shares ranked third with trades of 100.49 million dirhams at 18 dirhams per share, up 4.65%. 'Dubai Islamic Bank' shares also recorded trades of around 52.22 million dirhams, followed by 'Amlak Finance' shares at 37.09 million dirhams, while 'Air Arabia' shares traded at 26.8 million dirhams. Meanwhile, the Abu Dhabi Securities Exchange closed yesterday's session up by 0.547%, or 56.24 points, to close at 10,338 points. The market's capitalization rose to approximately 3.155 trillion dirhams by the end of yesterday's session, compared to 3.134 trillion dirhams at the close of trading last Friday (the last trading day of January), with gains of over 21 billion dirhams. Listed shares on the Abu Dhabi exchange attracted liquidity exceeding 1.17 billion dirhams after trading around 260.65 million shares and executing 20,759 transactions.
