"Dubai Financial" is approaching the 3,500-point barrier... and "Emirates NBD" to the highest level since the listing

Financial markets.. 106 billion dirhams, market gains in 5 sessions

«Dubai Financial» rose by more than 0.41%, approaching the 3500-point barrier.

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Yesterday, local stock market indices continued their series of strong gains for the fifth consecutive session, in the wake of recording new "historic" levels, with the increase in the appetite of foreign investors to invest in the UAE, and the record rise in oil prices.

The shares achieved total market gains of 106.48 billion dirhams in five sessions, 86.74 billion dirhams in the Abu Dhabi Stock Exchange, and 19.74 billion dirhams in the Dubai Financial Market.

The volume of total liquidity increased to about 2.83 billion dirhams, distributed among the "Abu Dhabi Securities" by 2.12 billion dirhams, and 704.2 million dirhams for the Dubai Financial Market, at a time when 643.87 million shares were traded, through 20,356 transactions in the two markets.

The Dubai Financial Market rose by more than 0.41%, approaching the 3,500 points barrier, and closed at 3,482 points, the highest level in 49 months, specifically since January 2018, with daily market gains of 1.5 billion dirhams, bringing the market capitalization to 433.4 billion dirhams.

The market received main support from the rise of the banking sector by 0.6%, with the “Emirates NBD” share rising for the fourth consecutive session by 2.3%, recording its highest price since listing in October 2007 at 15.50 dirhams, while the “Dubai Islamic” share closed unchanged at 6.44 dirhams.

The real estate sector also rose by 0.3%, with "Emaar Properties" rising 0.4% to 5.18 dirhams, "Union Properties" 1.9%, and "Deyaar Development" 1.3%.

For its part, the Abu Dhabi Securities Exchange continued to record record levels after closing at 9,745.36 points, the highest level with its index rising 0.7%, and thus the market is taking an ascending path to approach the 10,000 points barrier.

The market value of the shares gained about 12.1 billion dirhams, bringing the market value of the listed companies to 1.76 trillion dirhams.

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