The Dubai Financial Market ended Tuesday’s trading session higher, adding AED 3.88 billion to its market value as gains in banking stocks helped push the main index up 0.361% to 5,858.87 points.
Four sectors finished the session in positive territory, led by banks, while trading activity across the market generated more than AED 351.79 million in liquidity.
The rise brought the total market capitalization of companies listed on the Dubai Financial Market to AED 977.42 billion, compared with AED 973.54 billion at the close of the previous session.
Investors traded approximately 141.14 million shares during the day, with 10,999 transactions recorded.
Foreign Investors Record Net Purchases in Dubai Market
Non-Arab foreign investors were net buyers of Dubai-listed shares on Tuesday, with net purchases reaching approximately AED 26.39 million.
Their total purchases exceeded AED 156 million, while sales stood at AED 129.61 million, according to market figures.
Banking stocks were among the main drivers of the market’s advance, with the sector gaining 0.79%. Utilities shares also moved higher, rising 0.38%.
Elsewhere, the consumer discretionary sector climbed 1.99%, while consumer staples gained 1.08%, bringing the number of advancing sectors to four.
Emaar Properties Leads Trading as Six Stocks Dominate Liquidity
A large share of Tuesday’s trading was concentrated in six companies, which together accounted for 70.52% of the Dubai Financial Market’s total liquidity.
Emaar Properties, Emirates NBD, Talabat, Emaar Development, Islamic Arab Insurance Company (Salama), and Dubai Electricity and Water Authority (DEWA) attracted a combined AED 248.11 million in trading value, out of the market’s overall AED 351.79 million.
Emaar Properties topped the list of most actively traded stocks by value, with transactions worth approximately AED 126.17 million.
Emirates NBD followed in second place, recording AED 41.02 million in trading value, while Talabat ranked third with AED 28.49 million.
Emaar Development took fourth place, attracting AED 25.75 million in trades. Salama came next with AED 17.32 million, followed by DEWA in sixth place with trading worth AED 9.37 million.
Abu Dhabi Stock Market Also Closes Higher
Shares in Abu Dhabi also advanced on Tuesday, with the Abu Dhabi Securities Exchange closing 0.325% higher at 9,793.64 points.
The exchange’s total market capitalization rose to approximately AED 2.569 trillion, up from AED 2.563 trillion at Monday’s close. The increase represented more than AED 6 billion in market value.
Trading on the Abu Dhabi exchange exceeded AED 1.14 billion during the session, with around 377.69 million shares changing hands.
A total of 21,535 transactions were executed, as both the Abu Dhabi and Dubai markets finished the day with gains in their main indexes and overall market capitalization.
