The "Market" index jumps 9%... and gains 247 points

"Dubai Stocks" gain 24.7 billion dirhams in a week

  • Dubai Financial Market's stock continued to rise to the maximum for the third consecutive session.

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The market value of the shares of companies traded on the Dubai Financial Market jumped above the level of 400 billion dirhams, at 416.808 billion dirhams at the end of last week, compared to about 392.076 billion dirhams during the previous week, with gains of 24.732 billion dirhams.

The Dubai market index gained 247 points last week, closing at 3,107.67 points, an increase of 9% compared to the close of the end of Thursday's session before last.

The market index reversed its direction yesterday, declining weakly by one point, after the strong gains it had achieved over three consecutive sessions.

The total value of trading at the end of yesterday's session, 921 million dirhams, after the shares of 20 companies closed at an increase of 36 companies that were traded, while the shares of 13 companies declined, and three companies remained steady.

And the «Dubai Financial Market» shares continued to rise to the maximum for the third session in a row yesterday, at 1.59 dirhams, recording the highest rise in more than four years, with transactions exceeding 63 million shares.

Shares of «Emaar Properties» rose by 1.3% to 4.77 dirhams, with a turnover of 48 million shares.

Also, «Emaar Malls» share increased by 0.9% to close at 2.33 dirhams, with a transaction approaching 36 million shares, while «Deyaar Development» share decreased by 0.6% at 0.355 dirhams, with a traded amount of 93 million shares.

The "GFH" share increased by the maximum at 1.1 dirhams, with a transaction approaching 98 million shares, while the "SHUAA Capital" share increased by 2.9% to 0.74 dirhams, with transactions exceeding 50 million shares.

The most heavily traded stock was «Union Properties» share, which increased by 6.8% to 0.36 dirhams, to record the highest increase in 17 months, with a trading value of nearly 239 million shares.

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