5.8 billion dirhams, Dubai Financial Market gains in 5 sessions

The Dubai Financial Market ended yesterday's trading on the green square, continuing its bullish path for the fifth consecutive session within a week of trading, described as the best in several months.

Last week, the market value of the shares of traded companies won 5.8 billion dirhams, amid intense transactions that exceeded 2.66 billion dirhams, of which about one billion dirhams were recorded in yesterday's session, on Emirates NBD, whose price rose to the level of 11 dirhams.

With the continuous positive performance of the market, the general index succeeded last week in breaking a new technical barrier, up to the level of 2320 points, an increase of 2.2% compared to the week before last.

Since the beginning of the last day of the week's session, it was clear that the market maintained its activity, supported by the high trading liquidity that reached its peak in the second half of the session’s life, and focused mostly on a segment of the banking, real estate and Takaful insurance sectors.

The monitoring of stock movement in yesterday's session showed the continued rise of "Emaar Development", which reached the level of 2.42 dirhams, in addition to the closed "Damac" share at 96 fils, while the share of "Dubai Islamic Bank" rose to 4.35 dirhams.

The value of the deals concluded in yesterday's session reached 1.46 billion dirhams, as the number of traded shares reached 554 million shares executed through 6212 transactions.

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