100.5 billion dirhams market gains for Dubai Financial during December

The Dubai Financial Market strengthened its gains by adding about 100.5 billion dirhams to its market capitalization, from the beginning of this December until the end of trading yesterday, Friday, supported by traders’ focus on leading stocks, with listed companies beginning to prepare for the annual disclosures season, and then announcing distribution plans to shareholders, amid… Especially positive expectations in this regard.

The market value of shares listed on the market rose from 798.715 billion dirhams at the end of last November’s sessions to 899.204 billion dirhams at the end of yesterday’s trading session.

The general market index rose during that period by 5.83%, or the equivalent of 282.3 points, to reach the level of 5129.64 points, reinforcing its stability above the level of 5000 points again, compared to last month’s close at the level of 4847.34 points, supported mainly by gains in the shares of the banking and real estate sectors.

On a daily level, the Dubai Financial Market continued to reap new gains, as the market’s general index rose by 0.34% at the end of trading yesterday, Friday, after trades worth 334.52 million dirhams. The Dubai market index rose, supported by the rise in Emaar Development shares by 2.69% to 13.35 dirhams, Salik by 4.06% to 5.38 dirhams, and Shuaa by 4.68%, while Emaar Properties shares stabilized at 12.80 dirhams.

The Abu Dhabi Securities Market Index (FADGI) declined by 0.63%, reaching the level of 9,304.22 points, with trades worth 826.387 million dirhams. The highest increase in the Abu Dhabi market was the shares of Oman and Emirates Investment by 12.5%, “Aram” by 9.88%, Ras Al Khaimah Cement by 2.66%, Alpha Dhabi by 1.92%, and “Response Plus” by 1.82%.

According to Dubai Financial data, the total amount of purchases from Arab and Gulf investors’ transactions during yesterday’s session amounted to about 553 thousand dirhams, after purchases worth 58.103 million dirhams, and sales worth 57.55 million dirhams. The value of citizens’ purchases of shares in the Dubai market amounted to about 181.66 million dirhams, compared to sales worth 169.029 million dirhams, bringing the total (purchase) to 12.638 million dirhams.

Institutions also tended to sell at a value of about 168,077 million dirhams, compared to purchases worth 154,054 million dirhams, so that the net institutional investment (sales) amounted to about 14,023 million dirhams.

The value of individual purchases of shares amounted to 180,467 million dirhams, compared to sales amounting to about 166,442 million dirhams, bringing the total (purchase) to about 14,024 million dirhams.