Dubai Bourse earns 2.7 billion dirhams at the end of trading


Dubai – Mubasher: The general index of Dubai Financial Market rose at the close of trading on Thursday, coinciding with the start of the seasonal profit season and optimism about the return of oil prices to rise.

According to the stock exchange data, the index increased by 1.12 percent, equivalent to 22.52 points to reach the level of 2026.61 points, in line with Positive performance in yesterday’s session.

Today, about 316.80 million shares were exchanged, at a value of 285.30 million dirhams, after 5502 transactions were executed. The market value increased by 2.72 billion dirhams to 290.90 billion dirhams, compared to 288.18 billion dirhams.

The banking sector recorded a growth of 2.67 percent, followed by the investment and financial services sector by 0.51 percent, while the services sector fell 0.79 percent, then real estate increased by 0.41 percent, while the consumer goods sector remained unchanged.

And 16 shares, among which the most prominent shares of Dubai Islamic Insurance and Reinsurance Company (AMAN), increased by 7.90 percent, while 15 shares, among which the Oman Insurance Company, the most prominent, fell 5 percent.

The most active shares in terms of trading volume were Union Real Estate Company after trading 48.82 million shares, and Emaar Real Estate was the most heavily traded company in terms of liquidity with a value of 52.60 million dirhams.

Shares of Emirates NBD rose by 4.88 percent, and Arabtec Holding Company increased by 3.04 percent, while on the other hand, the shares of Damac Properties fell 3.26 percent, and the shares of Emaar Properties decreased by 0.36 percent.


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