DFM General Index rised 1.41% on Thursday
Dubai Financial Market General Index (DFMGI) closed out the week on a high note, adding 1.41%, or 31.88 pts, to settle at 2297.16.
Trading volume amounted to 642.23 million shares, exchanged through 10726 transactions, at a total value of up to AED 1.2213 billion.
Non-Arab foreign investors bought shares at a gross value of approx. AED 117.97 million on Dubai Financial Market (DFM) today, while their sell transactions reached almost AED 135.93 million.
Buy transactions of non-GCC Arabs totaled around AED 244.43 million, compared to about AED 284.66 million sell trades.
Purchase trades of GCC investors amounted to AED 44.45 million, compared to sell transactions nearing AED 47.64 million.
Accordingly, buy transactions of non-UAE foreigners reached approx. AED 406.85 million, accounting for 33.31% of total purchase trades, while their sell transactions totaled about AED 468.23 million, representing roughly 38.34% of total sell trades.
Consequently, foreign investment netted approx. AED 61.38 million as a sell turnover.Total 22 stocks headed north, seven headed south, while one kept unchanged.
Tabreed topped gainers, leaping 5.56% to AED 1.14. It was followed by Drake & Scull that jumped 5.45% to AED 1.16. SHUAA Capital also grew 5.37% to AED 2.16.
On the downward level, Al Madina was today’s biggest drag, plummeting 10% to AED 5.13, followed by Gulf Finance House (GFH) that dipped 9.60% to AED 2.26. Ekttitab sank 2.15% to AED 0.91.
Drake & Scull led most actives with a trading volume of 102.49 million shares. Tabreed took the second position, after 96.24 million shares were exchanged. Emaar, which rose 1.60% to AED 4.44, came third with a trading volume of 84.44 million shares. The developer took the lead with a trading value of AED 374.9241 million, followed by Drake & Scull (AED 117.519 million).
Dubai Financial Market Co. (DFMC) advanced 2.02% to AED 2.52, recording a trading value of up to AED 114.003 million
All sectors ended in the green, except for Consumer Staples and Materials that closed at their previous closing prices. Utilities led advancers, climbing 5.56%, followed by Real Estate & Construction (2.06%), Investment & Financial Services (1.93%) and Insurance (0.10%).
The real estate developers leased their residential projects, to settle loans owed to banks and other financers.
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