Dubai Financial Market edges higher as banks, utilities and telecoms drive liquidity
Dubai Financial Market rises as banks, utilities and telecoms lead gains; market cap climbs to AED 959.91bn while ADX advances on heavy trading today
The Dubai Financial Market rose modestly in the latest trading session, supported by strength in banking, utilities and telecom stocks. The Dubai Financial Market index gained 0.237%, settling at 5,799.04 points as activity concentrated in a handful of large-cap names. Market participants registered increased turnover and notable Emirati net buying amid selective sector leadership.
Dubai Financial Market closes higher
The Dubai Financial Market (DFM) closed up 13.73 points, or 0.237%, at 5,799.04 as buying interest emerged in financials, utilities and telecoms. Total turnover on the exchange reached AED 378.58 million after about 87.23 million shares changed hands across 11,845 deals. The session reflected focused participation rather than broad-based sector gains.
Market capitalisation rises to AED 959.91 billion
DFM’s aggregated market capitalisation climbed to AED 959.91 billion at the close, up from AED 954.75 billion in the prior session. That increase represents an expansion of roughly AED 5.16 billion in listed value driven by price advances among several heavyweight stocks. Analysts watching index composition noted that the market-cap boost was concentrated in a few high-liquidity names.
Six companies accounted for 74.44% of market liquidity
Trading activity was dominated by six listed companies that together captured 74.44% of the session’s value traded. Those six names generated a combined trading value of approximately AED 281.82 million out of the total AED 378.58 million across the exchange. The concentration underscored a narrow leadership pattern where a small group of stocks steered market flows.
Emaar, du and Emirates NBD lead turnover rankings
Emaar Properties topped the liquidity leaderboard with AED 86.79 million traded at AED 11.12 per share, making it the most active stock by cash value. Telecom operator du followed with AED 62.70 million in turnover at AED 12.10, while Emirates NBD ranked third with AED 61.35 million traded and a closing price of AED 30.18. Other top contributors included Dubai Islamic Bank, Talabat and Dubai Taxi, which round out the session’s most heavily traded issues.
Emirati investors recorded net buying of AED 18.7 million
Domestic investors, particularly Emirati participants, were net buyers in the session, recording a net investment of approximately AED 18.7 million. Reported purchases by these investors totaled about AED 173.68 million against AED 154.98 million in sales. The net buying helped underpin select mid- and large-cap names and contributed to the session’s modest positive bias.
Abu Dhabi market posts stronger percentage gain
Across the country, the Abu Dhabi Securities Exchange outperformed on a percentage basis, closing up 0.708% or 69.17 points at 9,840.64. ADX market capitalisation increased to around AED 2.878 trillion from AED 2.864 trillion in the previous session, adding roughly AED 14.34 billion in market value. Liquidity on ADX was heavier, with turnover exceeding AED 993.51 million, some 189.224 million shares traded and 21,723 executed trades.
Trading remained selective, with large-cap names again drawing the bulk of investor attention and cash. Market participants noted that ADX’s higher turnover reflected broader participation in both financial and industrial sectors, while DFM activity concentrated in consumer and services-related listings.
Market strategists and traders monitoring the UAE equity complex cited continued appetite for dividend-yielding banks and stable utility operators as a factor supporting current flows. The narrow leadership in Dubai contrasted with broader gains in Abu Dhabi, where a wider range of sectors contributed to the market advance.
Investors will watch upcoming corporate announcements and regional macroeconomic indicators for fresh catalysts. For now, the exchanges finished the session with higher indices, concentrated liquidity in a few names, and observable domestic investor buying that helped sustain the positive close.
