For the first time in 10 years, the Dubai Financial Index exceeds 5,200 points

The Dubai Financial Market Index rose, at the end of yesterday’s trading, by 0.45%, to close above the level of 5200 points and reach the level of 5213.93 points, for the first time in more than 10 years, supported by the focus on selective purchases of stocks with strong financial foundations before the start of the disclosure season. Annual.

The Dubai Financial Market strengthened its market gains at the end of trading, and its market capitalization gained more than 2.651 billion dirhams, supported mainly by the gains of leading stocks in the real estate and financial sectors.

The market capitalization of shares listed on the Dubai Financial Market increased from 911.505 billion dirhams at the end of yesterday’s session to more than 914.156 billion dirhams at the end of yesterday’s session.

The market value of the Abu Dhabi Securities Market reached about 2.964 trillion dirhams, while the market capitalization of listed shares reached 3.878 trillion dirhams, at the end of yesterday’s session.

The most traded stock was Talabat, rising by 6.76% at 1.58 dirhams, and close to its offering price last December at 1.6 dirhams, achieving daily trading of approximately 172.31 million dirhams.

It was followed in the ranking by “Emaar Properties”, which reached 12.65 dirhams, with liquidity amounting to 145.818 million dirhams. While Dubai Islamic shares rose by 3.11%, reaching 7.29 dirhams, with liquidity worth 131.54 million dirhams.

Emirates NBD shares jumped by 1.63%, touching its highest level since listing at 22 dirhams, closing at 21.85 dirhams. This performance came after recording its highest closing since listing at 21.85 dirhams at the end of the session on December 16, 2024.

In Abu Dhabi, the Abu Dhabi Securities Market Index (FADGI) rose by 0.11% to 9,439.27 points. “International Holding” shares topped the activity with liquidity of 171.98 million dirhams, while “First Abu Dhabi” shares jumped by 4.11% with liquidity amounting to 83.24 million dirhams.

In turn, Aldar Properties shares rose 0.89%, with a liquidity of 81.25 million dirhams, after Moody’s confirmed its long-term credit rating for Aldar Properties at Baa2, with a stable outlook, and granted the company’s hybrid bonds due in 2055. Which is expected to be at the reference size ($500 million), Baa3 grade. The agency also expected that the credit standards of Aldar Properties will improve during the current year 2025, supported by strong demand for home construction and increasing profits from income-generating assets.