Dubai Market Gains AED 35.5 Billion in a Week
Talabat Shares Dominate with 42.6% Market Liquidity
Dubai's financial markets demonstrated significant resilience and strength over the past week, with local stock markets achieving gains of approximately AED 46.5 billion across five trading sessions.
This remarkable performance was underpinned by the robust performance of leading stocks in both the Dubai Financial Market and Abu Dhabi Securities Exchange.
The market capitalization of listed stocks rose from AED 3.714 trillion at the close of the previous Friday’s session to AED 3.761 trillion by the end of yesterday's trading.
This capitalization is distributed between AED 2.924 trillion for stocks listed on the Abu Dhabi Securities Market and AED 837 billion for those on the Dubai Financial Market.
Throughout the week, local stocks attracted liquidity amounting to around AED 8.5 billion, distributed as AED 4.9 billion in the Abu Dhabi market and AED 3.54 billion in the Dubai market.
This was achieved after trading approximately 3.2 billion shares across more than 188,500 transactions.
The Dubai Financial Market alone accounted for AED 35.5 billion in weekly gains, fuelled by the impressive performance of leading stocks in key sectors.
Among the notable gainers, Emirates Islamic led with a 32.2% increase, followed by National Cement at 13%, Emirates Investment at 11%, and others such as National International Holding (5.06%), Agility Logistics (5%), and Parken (4.98%).
Talabat's shares dominated market activity, capturing the largest share of liquidity at 42.6% over four sessions since its listing, amounting to AED 1.49 billion.
This was followed by Emaar Properties with AED 510.3 million in liquidity, and DEWA attracting AED 248.3 million.
Investors from the UAE leaned towards buying in the Dubai market with a net purchase of AED 3.2 million over the five sessions, following purchases valuing AED 1.177 billion against sales of approximately AED 1.174 billion.
Meanwhile, the FTSE ADX General Index in Abu Dhabi closed at 9,265.10 points, showing a marginal decline of 0.01%, resulting in a gain of around AED 11 billion for the week.
International Holding Company was a focal point of activity in Abu Dhabi, securing the largest share of total trading with liquidity of AED 908.55 million during the week, followed by Abu Dhabi Islamic Bank at AED 334.4 million and ADNOC Drilling at AED 303.8 million.
The Abu Dhabi market saw notable increases in several stocks: Abu Dhabi National Takaful rose by 14.97%, the United Arab Bank by 11.1%, and Foodco Holding by 9.8%.
Other gainers included Americana Restaurants (7.8%), Al Buhaira National Insurance (7.4%), Sharjah Islamic Bank (5.98%), and ADNOC Drilling (5.7%).
On a daily performance note, stock movements varied in yesterday’s session.
The Dubai market index rose by 0.37% to 4,829.63 points, driven by Emaar Properties increasing by 1.48% to AED 9.59, Emaar Development edging up by 0.84% to AED 11.95, and Emirates NBD climbing by 0.5% to AED 19.8. This consistent performance underscores Dubai's vibrant economic landscape, buoyed by strategic corporate actions and government support, reinforcing investor confidence in the region.
This remarkable performance was underpinned by the robust performance of leading stocks in both the Dubai Financial Market and Abu Dhabi Securities Exchange.
The market capitalization of listed stocks rose from AED 3.714 trillion at the close of the previous Friday’s session to AED 3.761 trillion by the end of yesterday's trading.
This capitalization is distributed between AED 2.924 trillion for stocks listed on the Abu Dhabi Securities Market and AED 837 billion for those on the Dubai Financial Market.
Throughout the week, local stocks attracted liquidity amounting to around AED 8.5 billion, distributed as AED 4.9 billion in the Abu Dhabi market and AED 3.54 billion in the Dubai market.
This was achieved after trading approximately 3.2 billion shares across more than 188,500 transactions.
The Dubai Financial Market alone accounted for AED 35.5 billion in weekly gains, fuelled by the impressive performance of leading stocks in key sectors.
Among the notable gainers, Emirates Islamic led with a 32.2% increase, followed by National Cement at 13%, Emirates Investment at 11%, and others such as National International Holding (5.06%), Agility Logistics (5%), and Parken (4.98%).
Talabat's shares dominated market activity, capturing the largest share of liquidity at 42.6% over four sessions since its listing, amounting to AED 1.49 billion.
This was followed by Emaar Properties with AED 510.3 million in liquidity, and DEWA attracting AED 248.3 million.
Investors from the UAE leaned towards buying in the Dubai market with a net purchase of AED 3.2 million over the five sessions, following purchases valuing AED 1.177 billion against sales of approximately AED 1.174 billion.
Meanwhile, the FTSE ADX General Index in Abu Dhabi closed at 9,265.10 points, showing a marginal decline of 0.01%, resulting in a gain of around AED 11 billion for the week.
International Holding Company was a focal point of activity in Abu Dhabi, securing the largest share of total trading with liquidity of AED 908.55 million during the week, followed by Abu Dhabi Islamic Bank at AED 334.4 million and ADNOC Drilling at AED 303.8 million.
The Abu Dhabi market saw notable increases in several stocks: Abu Dhabi National Takaful rose by 14.97%, the United Arab Bank by 11.1%, and Foodco Holding by 9.8%.
Other gainers included Americana Restaurants (7.8%), Al Buhaira National Insurance (7.4%), Sharjah Islamic Bank (5.98%), and ADNOC Drilling (5.7%).
On a daily performance note, stock movements varied in yesterday’s session.
The Dubai market index rose by 0.37% to 4,829.63 points, driven by Emaar Properties increasing by 1.48% to AED 9.59, Emaar Development edging up by 0.84% to AED 11.95, and Emirates NBD climbing by 0.5% to AED 19.8. This consistent performance underscores Dubai's vibrant economic landscape, buoyed by strategic corporate actions and government support, reinforcing investor confidence in the region.