The Dubai Financial Market strengthened its gains by adding about 18.35 billion dirhams to its market capitalization during the last 16 sessions, specifically since trading at the end of last October until the end of trading in the third week of this November, supported by traders’ focus on leading stocks and major companies’ disclosure of strong business results for the quarter. The third of this year
The market value of shares listed on the market rose from 759.47 billion dirhams at the end of last October’s sessions, to 777.82 billion dirhams at the end of Friday’s trading session. The general market index rose by approximately 2.88%, or the equivalent of 132.59 points, to rise to the level of 4723.64 points at the end of trading on Friday from the level of 4591.05 points at the end of last month, supported mainly by gains in the shares of the banking and real estate sectors.
During that period of trading, the total amount of purchases from foreign investors’ transactions in the Dubai Financial Market amounted to about 374.3 million dirhams, after purchases worth 3.845 billion dirhams, and sales worth 3.472 billion dirhams.
The value of citizens’ “sales” of shares in the Dubai Financial Market amounted to about 4.86 billion dirhams, compared to “purchases” worth 4.48 billion dirhams, so that the total was “sales” worth 374.3 million dirhams.
Institutions tended to purchase at a value of about 3.87 billion dirhams, compared to “sales” amounting to 3.42 billion dirhams, and the net institutional investment amounted to about 452.07 million dirhams, the result of “purchase
The value of individual sales amounted to 3.57 billion dirhams, compared to purchases of shares worth 3.15 billion dirhams, so that the total “sale” amounted to about 423.96 billion dirhams.
At the end of Friday trading in the Abu Dhabi Securities Market, the general index (Fadji) declined by 0.87%, reaching the level of 9231.65 points, with liquidity amounting to 950.79 million dirhams, and the “International Holding” stock accounted for the largest share of trading, with liquidity of 203.8 million dirhams, and closed down by 0.98% at 403. Dirham
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