UAE stock markets attracted approximately AED 6.5B ($1.8B) in liquidity over the past week’s trading, with a particular focus on stocks within the real estate, financial, and banking sectors.
The breakdown of weekly liquidity was as follows:
- Approximately AED 4.57B ($1.2B) in the Abu Dhabi market.
- Around AED 1.9B ($500M) in the Dubai market.
UAE stock market overview:
The total market capitalisation of listed shares stood at AED 3.565T ($971B) by the end of the week, with distribution as follows:
- AED 2.841T ($774B) for shares listed on the Abu Dhabi Securities Exchange.
- AED 724.1T ($197B) for shares listed on the Dubai Financial Market.
In the Abu Dhabi market, the International Holding Company (IHC) dominated trading with about AED 1B, closing at AED 399.6, according to Arabian Business.
This was followed by Alpha Dhabi attracting approximately AED464.7 million, and Multiply Group with AED 280M.
Presight saw the most significant weekly increase at 23 per cent, followed by Hayah Insurance at 16.2 per cent, and Abu Dhabi Takaful at around 11 per cent.
Within the Dubai market, Emaar Properties shares were the most active, drawing approximately AED 428M, followed by Union Properties with AED 200M, and Emaar Development with AED 135M.
National General Insurance recorded the highest percentage increase at 14.6 per cent, followed by Ethmar International Holding at 7.4 per cent, and Union Properties at 6.4 per cent.
