The Dubai Financial Market closed today's trading up by 0.904%, or 51.24 points, to reach 5719.5 points, supported by gains in six sectors, led by real estate and industry. The market capitalization of the Dubai Financial Market increased to 948.44 billion dirhams by the end of today's session, compared to 940.67 billion dirhams at yesterday's close, with gains of approximately 7.77 billion dirhams. The market's performance was boosted by rising stocks in six sectors, including real estate (+2.76%), industry (+1.58%), basic materials (+3.98%), consumer discretionary goods (+4.39%), consumer staples (+0.05%), and telecommunications (+0.2%). During the day, foreign (non-Arab) investors in the Dubai Financial Market engaged in net purchases of around 7.88 million dirhams after recording purchases of 334.24 million dirhams against sales of 326.36 million dirhams. Listed stocks attracted liquidity exceeding 831.81 million dirhams after trading 230.99 million shares and executing 19,727 trades. Six companies listed on the Dubai Financial Market—'Emaar Properties', 'Emaar Development', 'Dubai Islamic Bank', 'Telco', 'Emirates NBD', and 'Salik'—accounted for over 75.15% of the market's liquidity by the end of today's session. According to market data, the total trading value of these six stocks reached approximately 625.13 million dirhams, while the total trading value on the Dubai Financial Market as a whole amounted to around 831.81 million dirhams. 'Emaar Properties' led market activity in terms of liquidity with 377.45 million dirhams, rising 2.56% to 12 dirhams per share. 'Emaar Development' came second with a trading value of 63.86 million dirhams, rising 3.59% to 15 dirhams. 'Dubai Islamic Bank' ranked third with trading volume of 53.69 million dirhams at 7.36 dirhams per share. 'Telco' ranked fourth with a trading value of about 50.45 million dirhams, rising 4.63%. 'Emirates NBD' ranked fifth with a trading value of 40.93 million dirhams, rising 0.26% to 30 dirhams per share. 'Salik' ranked sixth with trading volume of 38.71 million dirhams at 5.7 dirhams per share, rising 3.26%. Meanwhile, the Abu Dhabi Securities Exchange ended today's trading up by 0.556%, or 54.38 points, to close at 9840 points. The market capitalization of listed shares increased to approximately 2.841 trillion dirhams by the end of today's session, compared to 2.82 trillion dirhams at yesterday's close, with gains of around 21.34 billion dirhams. Listed stocks attracted liquidity exceeding 1.29 billion dirhams after trading 454.18 million shares and executing 28,145 trades.
Dubai Market Closes Up 0.9%
The Dubai Financial Market closed up 0.904% at 5719.5 points. The gain was supported by six sectors, led by real estate and industry. Market capitalization reached 948.44 billion dirhams with an increase of about 7.77 billion dirhams.