With transactions amounting to 939 million dirhams

«Dubai Financial» at the highest level in 4 years

The market closed up by 0.9% at the level of 3170 points.

Photography: Ahmed Ardeti

Yesterday, the Dubai Financial Market index closed with an increase of 0.9% at the level of 3170 points, as it recorded its highest level in four years, with transactions worth about 939 million dirhams.

This came after the Dubai Financial Markets and Exchanges Development Committee announced its intention to include the “Salik” traffic toll system in the Dubai Financial Market, as part of its strategy that seeks to list a group of major successful government and semi-governmental companies, with the aim of doubling its value to reach three trillion dirhams during the coming period. .

The shares of 16 companies closed with a rise out of the 34 companies that were traded yesterday, while the shares of 15 companies declined, and three companies remained unchanged.

The shares of the «Dubai Financial Market» rose by the maximum percentage again (15%) at 2.24 dirhams, with trades exceeding 176 million shares, with the disappearance of the display at the end of the session.

Thus, the stock has risen by about 111% (more than doubled) since approving the formation of the Capital Markets and Exchanges Development Committee and adopting a plan to develop markets.

The «Emaar Properties» share rose by 1.4% to reach AED 4.9, with transactions exceeding 19 million shares, while the «Emaar Malls» share increased by 0.4% at AED 2.41, with transactions reaching 62 million shares.

Shares of "Deyaar Development" rose by 1.7% to close at 0.360 dirhams, with a transaction approaching 38 million shares, while "Dubai Islamic" rose by 0.9% at 5.44 dirhams, with transactions exceeding 13 million shares.

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