Surge in Shareholders Drives Dubai and Abu Dhabi Stock Markets Forward, Boosting Liquidity to 1.6 Billion Dirhams

Banking and real estate leaders driving Emirates stock purchases

On Thursday, the Emirates’ stock markets experienced a surge in shareholders, particularly in real estate and banking stocks. This led to a total liquidity of 1.626 billion dirhams in a session on Thursday. The trading was particularly active in leading stocks in banks and real estate, fueled by purchases by foreign investors.

In Dubai, the market index dropped slightly by 0.04%, while the Abu Dhabi market fell by 0.2% to 8949.84 points. Despite this decline, prominent companies such as “Emaar Properties,” “Emaar Development,” “Emirates NBD,” and “Dubai Islamic” saw positive movements, contributing to the Dubai market index.

In Abu Dhabi, stocks like “First Abu Dhabi Bank,” “Abu Dhabi Commercial Bank,” “Abu Dhabi Islamic Bank,” “Aldar Properties,” and “Etisalat E” witnessed gains. Foreign investors, mostly non-Arabs, made net purchases of approximately 79 million dirhams, with 61.86 million dirhams in Abu Dhabi and 17.13 million dirhams in Dubai. Overall market liquidity reached 1.6 billion dirhams, with 1.15 billion dirhams in Abu Dhabi and 476.2 million dirhams in Dubai. The number of shares traded was 316

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