Dubai Financial Market recorded its strongest daily gain in 26 weeks on Tuesday, its biggest rise since the June 18 session, as the index advanced for a second consecutive day. The benchmark climbed 1.96%, or 112.7 points, to close at 5,864.43 points, adding more than AED 15.7 billion in market value.
The gains were supported by leading stocks across the real estate, banking, industrial, utilities and telecommunications sectors.
The market capitalization of Dubai-listed shares rose to AED 973.9 billion, up from AED 958.15 billion at Monday’s close.
A total of 36 stocks ended the session higher, led by Emaar Properties, Emaar Development, Emirates NBD and DEWA. Emaar Properties also topped the market in trading value, attracting AED 444.4 million in transactions. Its shares gained 3.4% to close at AED 11.52.
Aman led the gainers with a 14.86% rise, followed by Iktitab Holding at 9.7%, Ithmaar Holding at 6.63%, Air Arabia at 6.2% and Wataniya International at 5.55%.
On the losing side, Mashreq Bank declined 3.04%, Agility Warehousing fell 2.8%, Al Salam Bank Bahrain dropped 1.45%, Empower slipped 0.98% and Aramex lost 0.87%.
The market also recorded two large direct transactions involving shares of Etihad Energy Holding, with a combined value of approximately AED 45.9 million. The deals covered 15.5 million shares at an execution price of AED 2.96 per share.
Foreign investors, excluding Arab investors, were net buyers during the session, with net investments reaching AED 231.6 million. Their purchases totaled AED 709.8 million, compared with sales of AED 478.2 million.
Abu Dhabi Market
Abu Dhabi Securities Exchange also posted gains on Tuesday, with its general index, FADGI, rising 1.09% to 9,745.80 points. The market added approximately AED 26 billion in capitalization.
ADNOC Gas led trading activity with transactions worth AED 354.1 million, followed by Aldar Properties at AED 144.4 million and ADNOC Logistics & Services at AED 115.13 million.
Among the top-performing stocks, Abu Dhabi Islamic Bank rose 5.7%, Americana Restaurants gained 4.96%, Abu Dhabi National Hotels climbed 4.24%, Abu Dhabi Commercial Bank advanced 3.43% and Fertiglobe increased 3.18%.
Meanwhile, United Arab Bank fell 4.9%, National Bank of Umm Al Qaiwain declined 3.4%, Space42 lost 1.5%, E7 Warrants slipped 1.4% and Agility Global dropped 1.36%.
Gains
UAE stock markets added approximately AED 41.73 billion in combined market capitalization during Tuesday’s trading session, supported by gains in leading stocks across major sectors and buying activity as investor sentiment improved.
The combined market value of shares listed on the Dubai and Abu Dhabi exchanges rose from AED 3.476 trillion at Monday’s close to approximately AED 3.518 trillion.
Of the total, Abu Dhabi Securities Exchange accounted for AED 2.544 trillion, while Dubai Financial Market’s capitalization reached AED 973.9 billion.
