Dubai Financial Market continued its daily increases yesterday, climbing for the third consecutive session, achieving gains of about 8.11 billion dirhams in a week, supported by investors’ focus on leading stocks and seizing opportunities in companies with strong financial performance as the half-year earnings disclosure season ends. The market capitalization of Dubai rose from 706.112 billion dirhams at the end of last week’s sessions to 714.226 billion dirhams by the end of yesterday’s session.
At the end of the week’s trading, the “Dubai Financial Market” index rose 1.14%, which is equivalent to 47.99 points, from a level of 4195.15 points to a level of 4243.14 points by the end of yesterday’s session, which saw an increase of 0.58%.
During the week, the Dubai market attracted liquidity of more than 1.08 billion dirhams, after trading about 546.23 million shares through the execution of 39.82 thousand transactions.
“Emaar Properties” was the most active stock during the week, attracting liquidity of about 254.22 million dirhams, closing stable at 8.15 dirhams, followed by “Emirates NBD” with liquidity of 131.02 million dirhams, closing up by 2.33% at 19.8 dirhams.
As for the Abu Dhabi Securities Exchange, the general FTSE index (FADGI) increased on a daily level by 0.53%, closing at 9286.03 points at the end of yesterday’s session.
“International Holding” captured the largest share of transactions with liquidity of 179.68 million dirhams, closing up by 0.89% at 409.5 dirhams, followed by “Alpha Dhabi” attracting about 59.95 million dirhams, closing up by 0.33% at 12.04 dirhams, then “ADNOC Distribution” attracting 54.95 million dirhams, closing up by 0.44% at 3.56 dirhams, and finally “ADNOC Drilling” attracting 54.71 million dirhams, also closing up by 0.44% at 4.59 dirhams.
