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الخليج
UAE Markets Reach 35B Dirhams Gains
In July, the UAE markets saw transactions exceeding 35 billion dirhams, with a mixed performance between the Abu Dhabi and Dubai markets. The Abu Dhabi Index rose by 1.13% to close at 9,914.62 points, supported by increases in the financial, energy, and industrial sectors. Shares of Abu Dhabi First increased by 14.12%, reaching 19.4 dirhams, and Abu Dhabi Islamic grew by 2.6% to 21.22 dirhams, while real estate stocks like Daria declined by 10.27%. In contrast, the Dubai Market index fell by 2.68% to 5,795.93 points, influenced by decreases in the real estate and industrial sectors, with Emaar Properties dropping by 7.72%. Emaar shares led the market in liquidity, with a value of 16.64 billion dirhams. The highest increase in Abu Dhabi stocks was Heliopolis Holding, which surged by 18.37%. Foreign and Gulf investors predominantly engaged in buying in Abu Dhabi, while Arab investors and citizens tended to sell. Abu Dhabi's market achieved a total liquidity of 23.17 billion dirhams, and Dubai's market recorded 11.84 billion dirhams.
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