The Dubai Financial Market index led the Arab stock markets, surpassing 6016 points with a growth of 0.7% at the close of trading on Thursday.
The market accounted for nearly 40% of the total liquidity in local stocks, amounting to around 790 million dirhams out of a total exceeding 2 billion dirhams, with over 12.1 million transactions taking place on the Dubai exchange.
Conversely, the Abu Dhabi Securities Exchange recorded liquidity above 1.2 billion dirhams through more than 22,300 transactions, though its index decreased by 0.3% to 10191 points.
Dubai
Financial activity shares outperformed in the Dubai Financial Market, with “Al Mal Capital” leading the growth at 14.1%, followed by “International Consultations” at 9.8%, and “Muzayada” at 9.3%. Additionally, “Chimera Standard Emirates” shares increased by 6%.
The shares of “Salk” closed higher, rising by 2.8% to 5.87 dirhams, while “Emirates NBD” shares continued their upward trend, gaining 1.8% to reach 27.80 dirhams. “Alec Holding” also saw a rise for the second consecutive session, increasing 1.5% to 1.37 dirhams.
The most traded stock was “Emaar Properties,” which rose by 1.4% to 14.05 dirhams, trading over 19 million shares.
On the other hand, “Dubai Refreshments” was the most declining stock, dropping by 9.5%, followed by “Emirates Investment Bank” at 8.8%, “GFH Financial Group” at 1.9%, and “Aramex” at 1.8%. “Talabat” fell by 0.9% to 0.975 dirhams.
Abu Dhabi
In the Abu Dhabi Securities Exchange, logistics, trade, and industrial stocks were the top gainers, with “Abu Dhabi Ports” increasing by 5.1% to 4.50 dirhams, “Mir” rising by 5% to 1.20 dirhams, and “Lulu” shares growing by 4.3% to 1.20 dirhams. “Emsteel” also increased by 4.2% by the end of trading.
The most traded stock was ADNOC Gas, which rose by 1.4% to 3.59 dirhams, with trading volumes exceeding 47 million shares.
Conversely, “Dar Al Takaful” shares fell by 9.7%, followed by “Rabco” at 8.6% and “Abu Dhabi Islamic Bank” decreasing by 4.1% to 22.10 dirhams, while “Abu Dhabi Commercial Bank” saw a decline of 2.9%.
Arab Markets
Regionally, the Bahrain market index ended with a growth of 0.5% at 1992 points, while the Qatari market index rose by 0.25% to 10877 points. The Saudi market, represented by the “TASI” index, increased by 0.22% to 11600 points, and the Kuwaiti market saw a growth of 0.13% to reach 9457 points. However, the Muscat market index decreased by 0.95% to 5370 points.
Saudi Arabia
The main market index – TASI, closed the session up by 0.22%, finishing at 11612 points, with total trading valued at around 4.9 billion riyals.
Leading the gaining stocks was “Shams,” increasing by 8.5% to 17 riyals, followed by “Gulf” at 5.7% to 28 riyals, and “Ayan” at 5.5% to 13.6 riyals. Additionally, “Mulkia Holdings” rose by 4.9% to 33.8 riyals, with both “Ma’aden” and “STC” increasing by 1% to 64.20 riyals and 44.96 riyals, respectively.
In contrast, “Aramco” shares decreased by less than 1% to 25.86 riyals, while “Jamjoom Pharma” fell by 4% to 152.80 riyals.
Egypt
The Egyptian stock market concluded the session with a collective rise in indices, driven by purchases from Arab and foreign investors, while Egyptians tended to sell. The trading value reached 6.6 billion pounds, with the market capitalization gaining 12 billion pounds, closing at 2.738 trillion pounds.
The “EGX 30” index increased by 0.29% to close at 37687 points, while the “EGX 30 Weighted” index rose by 0.42% to 46292 points. The “EGX 30 Total Return” index also climbed by 0.29% to 17028 points, and the “EGX 35-LV” index for low volatility stocks increased by 0.31% to 4297 points.
Jordan
The Jordanian stock market wrapped up the week with a rise, supported by strategic stock purchases, particularly in Arab Bank shares amid good liquidity.
The general index of stocks rose by 0.86% to 3301.64 points, with trading value reaching 14.7 million dinars (20.7 million dollars). Shares of Jordan Electricity increased by 2.36%, “Phosphate Mines” by 0.58%, and “Arab Bank” by 0.61%, while “Oil Refinery” shares dropped by 1.06%.