Dubai Financial wins 271 million dirhams in 5 sessions

The Dubai Financial Market strengthened its gains by adding about 271 million dirhams to its market capitalization, during the last five trading sessions, supported by traders’ focus on blue-chip stocks.

The market value of shares listed on the market rose from 899.204 billion dirhams at the end of the previous week’s session, to 899.475 billion dirhams at the end of yesterday’s session.

A member of the National Advisory Council at the Chartered Institute for Securities and Investment, Waddah Al-Taha, told Emirates Al-Youm that the slowdown in performance of the Dubai Financial Market is normal, and comes after it witnessed a strong performance and strengthened its position at the top of the list of gains in the Gulf financial markets since the beginning of 2024. Until the end of the same year, based on expectations that listed companies will continue to disclose strong annual business results, in addition to lucrative cash dividend plans.

For his part, the financial advisor, Mahmoud Atta, said that one of the most prominent factors that supported the strong annual performance of the Dubai Financial Market is the return on shares, which is currently estimated at more than 5% and may reach 7%. Therefore, Dubai Financial Market has been classified as the best financial market. Gulf in terms of performance. On a daily level, specifically during yesterday’s session, shares of six companies listed on the Dubai Financial Market were acquired, namely: “Emaar Properties”, “Emaar Development”, “talabat”, “SALIC”, “Emirates NBD”, and “Emirates NBD”. Dubai Islamic Bank held 72.8% of the liquidity of the Dubai Financial Market at the end of yesterday’s trading.

According to Dubai Financial Market data, the total volume of liquidity traded on the six stocks amounted to about 425.78 million dirhams, while the volume of liquidity in the Dubai Financial Market as a whole reached about 584.88 million dirhams.

“Emaar Properties” stock topped the market activity in terms of liquidity at about 155.055 million dirhams, down by 0.78%, followed by “Emaar Development” stock at about 91.544 million dirhams, down by 2.5%, then “Talabat” stock at about 59.17 million dirhams, down by 2.5%. 1.4%.

The shares included “SALIC” stock at about 49.21 million dirhams, down by 0.36%, followed by “Emirates NBD” stock at about 35.60 million dirhams, down by 2.38%, followed by “Dubai Islamic” stock at about 35.201 million dirhams, down by 0.85%.