UAE Stock Markets Witness AED 6.5 Billion Inflow; Global Holding & Emaar Take The Lead

The UAE stock markets witnessed a significant influx of liquidity, nearing AED6.5 billion over the week, with a pronounced focus on the real estate, financial, and banking sectors. This financial activity underscores the dynamic nature of the UAE's stock markets, highlighting investor confidence and market strength.

The weekly liquidity was notably divided between the Abu Dhabi and Dubai markets, with AED4.57 billion allocated to the Abu Dhabi market and approximately AED1.9 billion to the Dubai market. This period saw about 2.3 billion shares being traded across 113,600 transactions, demonstrating the vibrant trading environment in both markets.

By the week's end, the market capitalisation of listed shares reached an impressive AED3.565 trillion. This was distributed as AED2.841 trillion for shares listed on the Abu Dhabi Securities Exchange and AED724.1 billion for those on the Dubai Financial Market, reflecting the substantial value and scale of the UAE's stock markets.

Leading Stocks in Abu Dhabi

In the Abu Dhabi market, the International Holding Company (IHC) emerged as a focal point of trading activity, with transactions worth about AED 1 billion, closing at AED 399.6. Following closely were Alpha Dhabi and Multiply Group, attracting about AED 464.7 million and AED 280 million, respectively. Notably, Presight achieved the highest weekly rise of 23%, with Hayah Insurance and Abu Dhabi Takaful also making significant gains at 16.2% and approximately 11%, respectively.

Dubai Market Highlights

Emaar Properties led the trading activity in the Dubai market, drawing in about AED 428 million. Union Properties and Emaar Development followed suit with liquidity of AED 200 million and AED 135 million, respectively. In terms of percentage increase, National General Insurance topped the chart with a 14.6% rise, followed by Ethmar International Holding at 7.4%, and Union Properties at 6.4%.

The week's trading activities in the UAE stock markets provide a clear indication of investor interest and market dynamics, particularly within key sectors such as real estate, finance, and banking. The substantial liquidity influx and robust market capitalisation figures reflect a healthy investment climate and suggest a positive outlook for the UAE's financial markets.

With inputs from WAM