Dubai Financial Market (DFM) opened November with gains, as its general index rose 0.643%, or 37.1 points, in yesterday’s session to close at 5,807.83 points. The increase was supported by gains across several sectors, particularly real estate and banking.
The market’s total capitalization climbed to AED 966.99 billion, compared with AED 957.88 billion at the close of Friday’s session, bringing its gains to approximately AED 9.11 billion.
Sector Performance in Dubai
Five sectors contributed to the market’s advance. Consumer discretionary stocks led the gains, rising 3.82%, followed by real estate at 1.77% and consumer staples at 1.41%.
Banking stocks also moved higher, gaining 0.87%, while the utilities sector recorded an increase of 0.81%.
Trading Activity and Most Active Stocks
Trading on Dubai Financial Market reached approximately AED 507.92 million, with 180.57 million shares changing hands through 14,522 transactions.
Six listed companies accounted for 80.16% of the market’s total trading value. They were Emaar Properties, Talabat, Emaar Development, Emirates NBD, Dubai Electricity and Water Authority (DEWA), and Air Arabia.
Combined trading in these six stocks reached approximately AED 407.17 million.
Foreign Investor Purchases
Non-Arab foreign investors were net buyers during the session, recording net investments of AED 19.9 million.
Their total purchases amounted to AED 221.71 million, compared with sales worth AED 201.81 million.
Abu Dhabi Securities Exchange Gains More Than AED 7 Billion
The Abu Dhabi Securities Exchange (ADX) also ended yesterday’s session higher, with its general index gaining 0.258%, or 24.38 points, to close at 9,490.72 points.
The market’s total capitalization rose to approximately AED 2.491 trillion, up from AED 2.484 trillion at the end of the previous week, representing gains of more than AED 7 billion.
Trading on ADX exceeded AED 775.43 million, with approximately 176.93 million shares changing hands across 20,852 transactions.
