Media ININ Economy We Trust
The Dubai Financial Market recorded a strong performance during last week’s trading, as its index jumped 2.1%, up 84 points, to reach 3962 points, compared to 3878.5 points at the close of trading sessions last Monday.
The market movement was based on the activity of some stocks that moved the index in most of the sessions, in key sectors, led by banks, industry, real estate, the financial sector and utilities. and the Education Holding Group, Union Properties, and Emaar Properties.
The Abu Dhabi market also maintained a slight growth, totaling 0.44%, to record 9604 points, compared to the level of 9561.9 points at the beginning of the week, despite the fact that it concluded yesterday’s sessions with a very slight decline that did not negatively affect the total results achieved during the past week.
The movement of activity in the Abu Dhabi market, which was witnessed by the shares for most of the sessions, included: shares of Sharjah Cement, IBEX, Fujairah Cement, Abu Dhabi Energy, and Manazel Real Estate.
Local stocks attracted liquidity of 8.8 billion dirhams, achieving record activity, especially on the Dubai market, whose share of liquidity rose to 37.5%, while about 62.5% of liquidity was concentrated in the Abu Dhabi market.
The Dubai market exceeded the barrier of one billion dirhams for the first time in the volume of liquidity at the end of Tuesday’s sessions, to contribute to raising the total liquidity attracted by the market during the week to 3.3 billion dirhams, in contrast, the Abu Dhabi market attracted 5.5 billion dirhams, and the daily average of trading liquidity in the market reached about 1.1 billion dirhams.
And according to market data, trading witnessed throughout the week’s sessions gaining green indicators for most of the days based on the growing movement of many of the basic sectors’ stocks, which boosted the attraction of deals and purchase transactions.
