Dubai Financial Market Records Dh4.4 Billion Weekly Gains Amidst Regional Declines
The Dubai Financial Market (DFM) distinguished itself among Arab markets last week, achieving nearly Dh4.4 billion in weekly profits and a 0.39% increase in its index over five sessions.
The Dubai Financial Market (DFM) emerged as a leading performer in Arab stock markets last week, registering an increase of 0.39% over five trading sessions. This performance resulted in weekly profits of approximately Dh4.4 billion, contrasting with declines observed in other regional indices. The market capitalisation of listed shares on the DFM grew from Dh990.02 billion to Dh994.4 billion by the close of the week.
Several key stocks contributed significantly to the DFM's positive trajectory. Aman shares experienced a notable jump of 21.5%, leading the gains among individual companies. Other strong performers included Al Ramz, which rose 17.45%, International Financial Advisors by 8.3%, Agility Warehousing by 7.82%, Drake & Scull by 6.45%, and National International Holding by 5.14%.
In terms of liquidity, Emaar Properties dominated trading on the DFM, attracting approximately Dh885.4 million in five sessions. Emirates NBD followed with Dh302.8 million in liquidity, and Salik contributed Dh148.5 million.
Foreign investors demonstrated confidence in the Dubai market, recording a net investment of Dh43.5 million. This was derived from total purchases of Dh1.3 billion against sales of Dh1.26 billion during the week.
Abu Dhabi Market Performance
In contrast to Dubai's gains, the FTSE Abu Dhabi General Index (FADGI) experienced a 0.66% decline for the week, closing at 10,200.73 points. Despite the overall decline, some stocks in Abu Dhabi saw increases, including Dar Al Takaful (10.7%), Pure Health Holdings (7.46%), Al Seer Equipment (7.03%), Al Buhaira National Insurance (5.4%), and Gulf Cement (5.1%).
ADNOC Gas led trading activity in the Abu Dhabi market with Dh733.97 million in liquidity, followed by Aldar Properties with Dh430.3 million, and Abu Dhabi Commercial Bank with Dh423 million.
Questions, answered
- How much did the Dubai Financial Market (DFM) gain last week?
- The Dubai Financial Market recorded nearly **Dh4.4 billion** in weekly profits, with its index rising by 0.39% over five trading sessions.
- Which company's shares saw the largest increase on the DFM?
- Aman shares led the gains on the DFM, jumping **21.5%** over the five trading sessions.
- Which company generated the most liquidity on the DFM last week?
- Emaar Properties captured the largest share of Dubai market liquidity, with approximately **Dh885.4 million** in trading volume.
- What was the net foreign investment in the Dubai market?
- Foreign investors were net buyers in the Dubai market, with a net investment of **Dh43.5 million** during the week, based on Dh1.3 billion in purchases against Dh1.26 billion in sales.
- How did the Abu Dhabi market perform in comparison?
- The FTSE Abu Dhabi General Index (FADGI) saw a **0.66% decline** for the week, closing at 10,200.73 points, in contrast to the DFM's gains.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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