UAE equity markets continued to record a solid performance over 5 trading sessions, adding AED 7.44 billion to their combined market capitalisation, supported by the performance of blue-chip stocks in the banking, industrial, utilities, and energy sectors, despite ongoing volatility across regional markets.
The total market capitalisation of listed shares rose from AED 3.899 trillion at the close of the Friday session two weeks ago to AED 3.906 trillion at the close of yesterday's session, distributed as AED 2.908 trillion for shares listed on the Abu Dhabi Securities Exchange and AED 998.34 billion for shares listed on the Dubai Financial Market.
Domestic trading activity during the period generated liquidity of approximately AED 9.3 billion, of which AED 6.006 billion was recorded on the Abu Dhabi market and AED 3.27 billion on the Dubai market, following the trading of 2.47 billion shares across more than 182,800 transactions.
On the Dubai Financial Market, the market capitalisation of listed shares rose by approximately AED 640.4 million to reach AED 998.34 billion, despite a 0.27% decline in the general index over the five sessions. Dubai Refreshments topped the list of best-performing stocks on the Dubai market with gains of 14.95%. Emaar Properties captured the largest share of liquidity on the Dubai market, with AED 940.25 million over the 5 sessions, followed by Emirates NBD with AED 341.5 million, then Emaar Development with approximately AED 233.9 million.
The Abu Dhabi Securities Exchange delivered a stronger performance, with the FTSE Abu Dhabi General Index (FADGI) rising 0.37% to close at 9,936.08 points, adding approximately AED 6.8 billion to market capitalisation over the period.