Dubai Financial Market Climbs 0.68% as Banks and Telecoms Lift Weekly Performance
Dubai Financial Market gains 0.68% to 6059.14 as banks and telecoms lead; market cap nears AED 998bn amid AED 2.86bn turnover and foreign net buying.
The Dubai Financial Market rose 0.68% last week, closing at 6,059.14 points on the back of gains in banking and telecommunications stocks. The weekly advance pushed the market capitalisation of the bourse to about AED 997.7 billion, up from AED 993.12 billion the previous week. Trading activity was robust, with listed shares drawing more than AED 2.86 billion in liquidity and foreign non‑Arab investors emerging as net buyers. Abu Dhabi’s market also finished the week higher, extending a broad regional upswing in market values.
Leading sectors and contributors to the rise
Telecommunications stocks recorded the largest sectoral gain, climbing 4.88% and providing a clear boost to overall market sentiment. Banking shares followed, advancing 1.19% as investors responded to strength in large-cap lenders. Consumer luxury goods and utilities also contributed, rising 0.76% and 0.21% respectively. Together these sector moves underpinned the DFM’s weekly recovery and helped lift select blue‑chip names.
Market liquidity and trading volumes
Liquidity on the Dubai Financial Market surpassed AED 2.86 billion for the week after roughly 733.31 million shares changed hands. Market participants executed 63,858 transactions across the exchange, reflecting active intraday and cross-day trading. The volume and turnover figures indicate sustained investor interest and provided the depth that supported the market’s upward trajectory. Brokers noted that the mix of retail and institutional activity kept spreads relatively contained.
Foreign investor activity and net flows
Non‑Arab foreign investors were net purchasers during the week, posting a net investment of about AED 121 million. Their gross purchases exceeded AED 1.429 billion against sales of approximately AED 1.308 billion. This net inflow into Dubai-listed equities signalled renewed confidence from overseas buyers and helped counterbalance some domestic profit‑taking. Analysts say continued foreign participation will be important to sustain momentum if macroeconomic conditions remain supportive.
Abu Dhabi market performance and capitalisation gains
The Abu Dhabi Securities Exchange closed the week up 0.21%, finishing at 9,900.8 points. ADX’s market capitalisation increased to around AED 3.901 trillion from AED 3.896 trillion the prior week, a weekly gain of roughly AED 5.28 billion. Abu Dhabi-listed stocks attracted more than AED 4.63 billion in trading liquidity, with about 1.19 billion shares traded and 101,925 transactions executed. The larger turnover on ADX reflected heavy activity in several heavyweight sectors and continued interest from both local and international funds.
Implications for investors and near‑term outlook
The combined moves on both exchanges suggest cautious optimism among investors, with preference for large caps and defensive sectors complemented by pockets of selective buying. Banks and telecoms acted as the primary drivers in Dubai, while Abu Dhabi’s broader liquidity supported a steady market cap rise. Market watchers will be closely watching corporate updates, regional liquidity trends, and macro indicators that could influence flows in the coming sessions. Volatility may increase around key earnings releases or external economic news.
Both the Dubai Financial Market and Abu Dhabi’s exchange demonstrated resilience last week, supported by sector rotation and healthy trading volumes. Continued foreign buying, particularly from non‑Arab investors, helped underpin Dubai’s gains, while Abu Dhabi’s deeper turnover reinforced its role as the region’s larger capital pool. Investors will likely monitor upcoming corporate announcements and regional liquidity conditions for signals on whether the current momentum can be sustained into the next trading week.