Dubai Markets See a Surge as Investors Rally Behind Leading Stocks
Market Capitalization Witnesses a Rise of AED 2.63 Billion in Dubai
Dubai's financial markets wrapped up the week on a high note, accumulating gains of AED 2.63 billion in market capitalization.
Local exchanges attracted liquidity exceeding AED 1.199 billion, spearheaded by robust trading in 'International Holdings' and 'Emaar Properties'.
In particular, Dubai Financial Market (DFM) showcased a marked recovery, buoyed by blue-chip performances in the real estate and financial sectors.
Breaking down the figures, Abu Dhabi Securities Exchange (ADX) commanded a liquidity of AED 793.53 million, while DFM captured AED 405.85 million, with over 736.58 million shares exchanged across approximately 24,830 transactions.
DFM's market cap surged from AED 834.37 billion to over AED 837 billion by Friday's close, signaling investor confidence in the emirate's economic trajectory.
Meanwhile, ADX's market cap ascended to approximately AED 2.924 trillion, contributing to a total market capitalization of AED 3.761 trillion for both exchanges by week's end.
DFM's index moved up by 0.37% to 4,829.63 points, reflecting a positive sentiment.
However, ADX's index edged slightly lower by 0.11% to 9,265.1 points.
Among the most actively traded stocks, 'Emaar Properties' led with a 1.48% rise to AED 9.59 on trades nearing AED 96.6 million.
It was trailed by 'Talabat', which saw a minor decline of 0.66% to AED 1.5 with a liquidity of AED 47.63 million.
'Emaar Development' rose by 0.84%, trading at AED 11.95 with AED 39.41 million in trades.
In Abu Dhabi, 'International Holdings' maintained its lead with stable prices and a liquidity flow of AED 184.54 million.
'Aldar Properties' saw a 0.55% uptick, recording AED 57.36 million in trades.
Meanwhile, 'Alpha Dhabi' grew by 0.2% with AED 55.99 million, and 'ADNOC Drilling' climbed by 1.23%, reflecting AED 47.69 million in trades.
On a weekly scale, DFM's index dipped by 24 points or 0.5%, while ADX's index had a negligible decrease of one point.
Despite this weekly fluctuation, investor sentiment remains optimistic, highlighting the enduring confidence in Dubai's dynamic economic landscape.
Stay updated on the latest local, sports, political, and economic developments through Google News.
Local exchanges attracted liquidity exceeding AED 1.199 billion, spearheaded by robust trading in 'International Holdings' and 'Emaar Properties'.
In particular, Dubai Financial Market (DFM) showcased a marked recovery, buoyed by blue-chip performances in the real estate and financial sectors.
Breaking down the figures, Abu Dhabi Securities Exchange (ADX) commanded a liquidity of AED 793.53 million, while DFM captured AED 405.85 million, with over 736.58 million shares exchanged across approximately 24,830 transactions.
DFM's market cap surged from AED 834.37 billion to over AED 837 billion by Friday's close, signaling investor confidence in the emirate's economic trajectory.
Meanwhile, ADX's market cap ascended to approximately AED 2.924 trillion, contributing to a total market capitalization of AED 3.761 trillion for both exchanges by week's end.
DFM's index moved up by 0.37% to 4,829.63 points, reflecting a positive sentiment.
However, ADX's index edged slightly lower by 0.11% to 9,265.1 points.
Among the most actively traded stocks, 'Emaar Properties' led with a 1.48% rise to AED 9.59 on trades nearing AED 96.6 million.
It was trailed by 'Talabat', which saw a minor decline of 0.66% to AED 1.5 with a liquidity of AED 47.63 million.
'Emaar Development' rose by 0.84%, trading at AED 11.95 with AED 39.41 million in trades.
In Abu Dhabi, 'International Holdings' maintained its lead with stable prices and a liquidity flow of AED 184.54 million.
'Aldar Properties' saw a 0.55% uptick, recording AED 57.36 million in trades.
Meanwhile, 'Alpha Dhabi' grew by 0.2% with AED 55.99 million, and 'ADNOC Drilling' climbed by 1.23%, reflecting AED 47.69 million in trades.
On a weekly scale, DFM's index dipped by 24 points or 0.5%, while ADX's index had a negligible decrease of one point.
Despite this weekly fluctuation, investor sentiment remains optimistic, highlighting the enduring confidence in Dubai's dynamic economic landscape.
Stay updated on the latest local, sports, political, and economic developments through Google News.
Translation:
Translated by AI
