Abu Dhabi Stocks Gain AED 8.9 Billion in a Week

The Abu Dhabi stock market saw significant gains last week, adding AED 8.9 billion to its market value and closing at AED 2.996 trillion. This improvement was partly driven by better performance in US stock markets and optimism surrounding a potential decline in US interest rates.

Credit: Al Etihad

The Abu Dhabi Securities Exchange (ADX) index rose by 0.67%, ending the week at 9563.94 points. Trading activity was robust, with 1.36 billion shares exchanged in 89,865 deals, worth a total of AED 5.35 billion. Out of the listed companies, 56 recorded price increases, while prices for 34 companies fell, and 27 remained unchanged.

Foreign investors played a key role, making net purchases worth AED 290.17 million. Non-Arab foreigners accounted for 32.4% of the total trading value, buying shares worth AED 1.705 billion while selling stocks valued at AED 1.415 billion. Emirati investors also showed high activity, contributing 57% of trading value and completing AED 207.62 million in net sales.

In contrast, the Dubai Financial Market (DFM) experienced a decline in market value, losing AED 2.7 billion to settle at AED 908 billion. The DFM index edged up by 0.27% to close at 5225.54 points. During the week, 1.03 billion shares were traded through 68,923 transactions, with a total value of AED 3.19 billion.

Foreign investors in Dubai recorded net purchases of AED 88.26 million, with their transactions making up 54.58% of the total trading value. Institutional investors were also active, completing AED 31.67 million in net purchases. However, Emirati investors ended the week with a net sale of AED 88.26 million.

While Dubai saw some profit-taking in leading stocks, including Emaar Properties, which surpassed AED 13, the overall market remained relatively stable. Trading across both markets combined reached a total of AED 8.54 billion, reflecting steady activity in the UAE’s financial markets.

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