UAE stocks add Dh31 billion in a day as DFM and ADX both close higher

Dubai: The Dubai Financial Market continued its gains for the second consecutive session, closing yesterday's trading at 6170.2 points, rising by 1.36%, or 82.73 points, supported by the rise of shares in six sectors, led by banks, industry and real estate. The market capitalisation of the Dubai Financial Market rose to AED1.027 trillion at the end of yesterday's session, compared to about AED1.012 trillion at the end of trading the day before yesterday, with gains of about AED14.38 billion. The market's performance was supported by the rise of shares in six sectors, led by the banking sector with a 2.53% increase, industry with a 1.13% increase, real estate with a 0.82% increase, in addition to public utilities with a 0.34% increase, consumer luxury goods with a 3.24% increase, and basic materials with a 3.24% increase. During yesterday’s trading, foreign (non-Arab) investors in the Dubai Financial Market turned to buying with a net investment of approximately AED201.05 million, after recording purchases worth AED864.26 million, compared to sales worth AED663.21 million. Shares listed on the Dubai market attracted liquidity exceeding AED1.86 billion, after trading on approximately AED462.21 million shares and executing 29,495 transactions. Shares of six companies listed on the Dubai Financial Market – Emaar Properties, Emaar Development, Emirates NBD, Dubai Islamic Bank, Union Energy Holding, and Talabat – accounted for more than 85.4% 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 AED1.59 billion, while the total trading value in the Dubai Financial Market as a whole amounted to approximately AED1.86 billion. Emaar Properties' stock led the market activity in terms of liquidity with approximately AED768.69 million, followed by Emaar Development's stock with a trading value of AED269.89 million, while Emirates NBD's stock came in third with a trading value of AED184.59 million. Dubai Islamic Bank’s stock came in fourth in terms of liquidity with about AED169.22 million, while Union Energy Holding’s stock came in fifth with a trading value of AED144.99 million, and Talabat’s stock came in sixth with trading amounting to AED61.27 million. For its part, the Abu Dhabi Securities Exchange ended yesterday’s trading session up by 0.767%, or 72.69 points, to close at 9555.78 points. The market capitalisation of listed stocks rose to about AED2.516 trillion at the end of yesterday’s session, compared to about AED2.499 trillion at the end of trading the day before yesterday, with gains of about 17 billion dirhams. The shares listed on the market attracted liquidity exceeding AED2.58 billion during yesterday’s trading, after trading on approximately 515.29 million shares and executing 50,262 transactions.