Monday, July 15, 2024

Dubai financial transactions exceed one billion dirhams


The Dubai Financial Market Index continued its upward trajectory during yesterday’s session, surpassing 3930 points for the first time in almost eight years, especially since 2015, adding 52 points to its positive balance, while the value equates to a growth of 1.35%. Transactions are one billion and 76 million dirhams.

Out of 38 companies traded, 22 gained, 12 fell and four remained unchanged.

The “Banking” and “Real Estate” sectors led the rise in shares, especially Emirates NBD, which rose 3.9% to its highest rate since listing, at a price of 15.90 dirhams, with transactions exceeding six million shares. “Deyaar” stock rose 4.7% to 0.71 dirhams, hitting a more than five-year high with 106 million shares traded.

The Dubai Financial Market stock rose 3.9% to 1.61 dirhams, hitting a six-month high, with transactions exceeding 55 million shares, while “Emaar Properties” rose 0.2%. 6.65 dirhams, transactions over 16 million shares.

Shares of Dubai Islamic Bank gained 1.5% at 5.59 dirhams, with transactions exceeding 21 million shares, and “Itmar Real Estate” shares rose 1.8%, at 0.28 dirhams, with transactions exceeding 74 million shares. .

The most traded stock was “Union Real Estate”, which fell 1.9% to 0.36 dirhams, with transactions exceeding 283 million shares.

The Dubai Financial Market Index hit an eight-year high, and the “Banking” and “Real Estate” sectors were among the top rising stocks.

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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