Three stocks, namely “Emaar Properties,” “Talabat,” and “Dubai Islamic Bank,” accounted for more than half of Dubai Financial Market’s liquidity, exceeding 332.5 million AED, equivalent to 57.8% of the total market liquidity of 575 million AED.

The Dubai market index closed near 6000 points, ending at 5974.08 points, down by 0.61%. United Foods’ stock surged to the maximum limit, leading gains among 18 stocks in Dubai. Shares of Agility Logistics rose 3.66%, Talabat 2.5%, National Holding 1.8%, and Dubai Investments 1.76%, while shares of Salik fell 2.74%, Du 1.9%, Shuaa Capital 1.8%, and Emirates NBD 1.4%. Buying momentum continued in Dubai, with Emirati investors net buying 20.3 million AED after purchases of 299.7 million AED against sales of about 279.5 million AED.

Abu Dhabi Market

The FTSE Abu Dhabi General Market Index (FADGI) closed at 10050.94 points, up 0.17%. Abu Dhabi Islamic Bank led activity in Abu Dhabi, capturing the largest share of total trades with liquidity of 117 million AED, followed by International Holding Company with 115.5 million AED, then ADNOC Gas with 94.3 million AED.

Among the rising stocks in Abu Dhabi were Ras Al Khaimah Cement up 4.76%, IPEX Investment 4.3%, Phoenix Group 4.2%, and Umm Al Quwain Investments 2.76%. Conversely, Oman & Emirates Investment fell 9.9%, Abu Dhabi National Takaful 7.46%, Abu Dhabi National Building Materials 3.4%, and Gulf Cement 3.1%.

The market capitalization of local stocks reached about 4.13 trillion AED at the close of yesterday’s midweek session, distributed as 3.105 trillion AED for Abu Dhabi-listed stocks and 1.025 trillion AED for Dubai Financial Market stocks. Local stock markets attracted liquidity exceeding 1.5 billion AED, divided into 937.4 million AED in Abu Dhabi and 575 million AED in Dubai, after trading 391.4 million shares through 31.4 thousand deals.

Arab Markets

Most Arab stock exchanges witnessed a decline in performance, with Saudi TASI down 0.45%, Kuwait 0.39%, Qatar 0.37%, Bahrain 0.13%, while Muscat Stock Exchange rose 0.75%.

Saudi Arabia

The Saudi market index “TASI” fell by 0.45% to close at 10619 points, with trades reaching about 3.3 billion SAR. Shares of Saudi Aramco, Al Rajhi Bank, National Commercial Bank, Arab National Bank, SABIC Fertilizers, Bank Albilad, ACWA Power, and Riyad Bank declined between 1% and 3%.

Egypt

Egyptian stock indices declined collectively under selling pressure from Egyptian and Arab traders, with trading value reaching 3.9 billion EGP. Market capitalization lost 19 billion EGP to close at 2.454 trillion EGP. The EGX 30 index fell by 1.12% to close at 34761 points.

Jordan

The Jordanian stock exchange declined slightly, with the general stock index falling 0.03% to 2975 points, while trading value reached 8.1 million JOD.