With gains exceeding AED 4.9 billion

Dubai Financial achieves the biggest pace of rise in 3 weeks

Dubai's general index rose by 1.06%. Cinematographer: Ahmed Arditi

The Dubai Financial Market (DFM) extended gains at the close of trading yesterday, gaining market capitalization of more than AED 4.9 billion, achieving the largest daily pace of growth in three weeks.

The market capitalization of the Dubai Financial Market increased from AED 619.9 billion in yesterday's session to AED 624.8 billion, while the market capitalization of the Abu Dhabi Securities Exchange reached about AED 2.77 trillion.

The Dubai General Market Index rose by 1.06%, or 37.51 points, the largest daily pace since April 12, to close at 3575,56.10 points, achieving its highest level since May <>.

The FTSE index closed the Abu Dhabi General Market (FDG) at 9714.4 points, while the Abu Dhabi FADEX 15 index reached 9520.14 points.

Local equities attracted AED 1.7 billion in liquidity, with AED 1.12 billion in Abu Dhabi and AED 565.1 million in Dubai, while 722.4 million shares were traded through more than 24.2,<> transactions.

The performance of the Dubai market was boosted by the rise of shares of «DEWA» 1.6%, «Dubai Islamic» 1.1%, «Emaar Properties» 0.7%, «Emirates NBD» 0.36%, «Dubai Financial Market» 2.7%, «Dubai Investments» 0.8%, «Empower» 2.3%, «Emaar Development» 0.55%, «Air Arabia» 0.9%, «Aramex» 1.23% and «Salik» 0.66%.

Ajman Bank accounted for the largest share of total trades, attracting about AED 137.5 million, followed by Deyaar with AED 85.6 million, and DEWA and Emaar Properties with AED 54.8 million and AED 50.3 million respectively.

In the Abu Dhabi market, ADNOC Gas rose 1.88%, Americana 1.28%, Agthia 1.25% and ADNOC Distribution 0.23%, and Global Holding led the activity, attracting liquidity of more than AED 254 million to close flat at AED 395.

ADNOC Gas came in second place in the list of the most active after attracting liquidity of about AED 127 million.