At the moment of opening, the trading volume on the Dubai Financial Market reached 7.81 billion dirhams. Emaar Properties first rose above 9 dirhams. Experts attribute this to reduced geopolitical risks in the Middle East, positive expectations for the financial results of companies in the market, as well as strong initial public offerings and an increase in purchases of shares by corporate investors.
Market growth supported the shares of Emaar Properties and Emaar Development, which rose by 5.03% and 4.15% respectively. Trading operations mainly focused on the stocks of Emaar Real Estate, Emirates Dubai National, and other large companies. Foreign investors purchased shares totaling 60.28 million dirhams, while emirates sold for 250.54 million dirhams.
In the Abu Dhabi securities market, the index rose by 1.13%, while the overall capitalization on the Dubai stock exchange increased by 7.81 billion dirhams. Analysts highlight four main reasons for the rise in local stock prices and successful stock market growth.
An important driving force was the successful placement of shares in these regions, attracting investors and strengthening their interest in the market. Experts suggest that all sectors, including real estate, telecommunications, and finance, will demonstrate good financial results in the near future.
