The Dubai Financial Market consolidated its gains at the end of the week, with its market capitalization gaining more than Dh4.86 billion, supported mainly by gains in leading shares of real estate and financial institutions. The market capitalization of shares listed on the Dubai Financial Market increased from 685.709 billion dirhams at the end of last week (Friday) to 690.568 billion dirhams at the end of the session, while the market capitalization of the Abu Dhabi Stock Exchange reached around 2.844. trillion dirhams.
The Dubai market index rose 1.21% during the week’s trade to 4099.49 points from 4050.59 points, touching its highest level in nearly 8 years.
In turn, Aaron Leslie John, chief market analyst at Century Financial, said the Dubai financial market index rose to around 4,100 points, an eight-year high, supported by a growing real estate boom and optimism about economic conditions in the UAE.Dubai Financial Market Index Abu Dhabi Securities 2022 It indicates that it is preparing to complete its major recovery that has begun. Supported by activities in real estate, tourism, finance and emerging technology sectors.
On a daily basis, local stock markets (Friday) attracted liquidity of approximately 1.59 billion dirhams at the end of trading, with its concentration in real estate, finance and banking stocks. The liquidity was distributed after 400.52 million shares were traded in over 22.57 thousand transactions, with AED 1.217 billion on the Abu Dhabi Stock Exchange and AED 373.153 million on the Dubai Financial Market.
The Dubai Financial Market Index was down 0.17% at 4099.49 points and the Abu Dhabi Market Index (Fadji) was down 0.062% at 9765.37 points.
The Dubai Financial Market Index fell, while «Emaar Properties» shares fell 1.42% to 6.9 dirhams. “Deva” shares fell 1.16% to 2.56 dirhams, with transactions of 39.36 million dirhams. Emirates NBD and Gulf Navigation were down 0.29% and 0.14%.
Shares in Tabreet fell 3.16% to 3.67 dirhams. Stocks that attracted the most liquidity were “Gulf Navigation” shares, with approximately 95.23 million dirhams traded, followed by “Ajman Bank” shares, with approximately 63.33 million dirhams traded.
Abu Dhabi Securities Market Index fell, “Alpha Abu Dhabi” share fell 1.49%, followed by “Q Holding” share 0.27%, “Multiple Play” share 3.36%, “Waha Capital” share rose 8.86%.
“Multiplay” share was the most attractive cash flow, with a value of 329.058 million dirhams, followed by “Al-Alamiya Holding” share with around 211.712 million dirhams, followed by “Q Holding” share with around 134.046 million dirhams. .
