Dubai and Abu Dhabi stock markets close higher as DFM adds Dh3.88 billion and ADX gains Dh6 billion

Dubai: The Dubai Financial Market index closed yesterday's trading session up by 0.361% at 5858.87 points, supported by the rise in shares of four sectors, most notably the banking sector. The market capitalisation of Dubai Financial Market rose to AED977.42 billion at the end of yesterday’s session, compared to approximately AED973.54 billion at the end of trading the day before yesterday, with gains of approximately AED3.88 billion. The shares listed on the market attracted liquidity exceeding AED351.79 million, after trading on approximately 141.14 million shares, and executing 10,999 transactions. During yesterday’s trading, foreign (non-Arab) investors turned to buying with a net investment of about AED26.39 million, after they recorded purchases worth more than AED156 million, compared to sales worth AED129.61 million. The market's performance was supported by the rise in shares of four sectors, led by banks (0.79%), utilities (0.38%), luxury consumer goods (1.99%), and basic consumer goods (1.08%). Shares of six companies listed on the Dubai Financial Market – Emaar Properties, Emirates NBD, Talabat, Emaar Development, Islamic Arab Insurance - Salama, and Dubai Electricity and Water Authority - DEWA – accounted for 70.52% of the market's liquidity at the end of trading yesterday. According to market data, the total trading value of the six stocks amounted to approximately AED248.11 million, while the total trading value in the Dubai Financial Market as a whole amounted to approximately AED351.79 million. Emaar Properties' stock led the market activity in terms of liquidity with approximately AED126.17 million, followed by Emirates NBD stock with a trading value of AED41.02 million, while Talabat stock came in third with a trading value of AED28.49 million. Emaar Development's stock came in fourth in terms of liquidity with about AED25.75 million, while Salama's stock came in fifth with a trading value of AED17.32 million, and DEWA's stock came in sixth with trading amounting to AED9.37 million. For its part, the Abu Dhabi Securities Exchange ended yesterday’s trading session up 0.325%, at 9793.64 points, with the market capitalisation reaching approximately AED2.569 trillion at the end of yesterday’s session, compared to approximately AED2.563 trillion at the end of trading on Monday, with gains exceeding AED6 billion. Shares listed on the Abu Dhabi market attracted liquidity exceeding AED1.14 billion, after trading on approximately 377.69 million shares and executing 21,535 transactions.