The Dubai Financial Market Index has reached its highest point since early August, marking four consecutive sessions of growth. The index increased by 0.04%, or 2.2 points, ending at 6164.03, bolstered by the strong performance of leading stocks in the real estate, banking, industrial, and telecommunications sectors.
The stock of “National Cement” led the market’s gains with a rise of 5.12%, reaching 4.52 dirhams, while “Gulf Navigation” attracted the largest share of market liquidity for the second consecutive session, totaling 104.5 million dirhams.
In the Dubai market, shares of Gulf Navigation climbed by 4.25%, while “Aqtar Holding” and “Shuaa Capital” increased by 4.2% and 3.1%, respectively. “Tecom” saw a rise of 2.7%, and “Emaar Properties” grew by 0.70%.
Meanwhile, the FTSE Abu Dhabi General Market Index, known as “FADGI,” closed at 10038.30 points, reflecting a decline of 0.19%.
In Abu Dhabi, the shares of National Bank of Fujairah surged by 7.2%, “Life Insurance” rose by 6.4%, “Orascom” increased by 2.97%, and “Ras Al Khaimah Properties” gained 2.26%.