The Dubai Financial Market closed yesterday's trading, the first session of the holy month of Ramadan, up by 1.21%, or 80.72 points, to reach 6765.07 points. This was supported by a broad-based rally across sectors, led by real estate, banking, and industrial stocks, following the announcement of strong financial results for the previous fiscal year by listed companies. The market capitalization of the Dubai Financial Market increased to 1.128 trillion dirhams by the end of yesterday's session, compared to 1.115 trillion dirhams at the close of trading the day before, representing a gain of approximately 13 billion dirhams. The market's performance was boosted by a 2.79% rise in real estate stocks, a 0.64% increase in banking stocks, a 1.14% gain in industrial stocks, and a 0.77% rise in public utilities, along with a 0.46% increase in telecommunications. During yesterday's trading, foreign (non-Arab) investors in the Dubai Financial Market showed a net buying trend, with a net investment of around 170.44 million dirhams, after recording purchases worth 355.26 million dirhams against sales of 184.82 million dirhams. Listed stocks attracted liquidity exceeding 821.55 million dirhams, with trading volume of around 225.61 million shares and the execution of 13,771 trades. Six listed companies on the Dubai Financial Market—Emaar Properties, Flydubai, Emaar Development, Emirates NBD, Dubai Islamic Bank, and Talabat—accounted for 76.22% of the market's liquidity by the end of yesterday's session. According to market data, the total trading value for these six stocks amounted to approximately 626.25 million dirhams, while the total trading value on the Dubai Financial Market as a whole reached about 821.55 million dirhams.
Dubai Financial Market Rises on First Day of Ramadan
The Dubai Financial Market closed its first Ramadan trading session up 1.21% to 6765.07 points, driven by gains in real estate, banking, and industrial stocks, along with foreign investment inflows. Market capitalization grew by 13 billion dirhams.