The performance of UAE stocks stabilized during the week before the Eid al-Fitr holiday, supported by the real estate and banking sectors. However, there was a relative decline in liquidity rates due to modest amounts of buying from various investors. The Dubai market index fell slightly by 0.05% to 4244.15 points, while the Abu Dhabi market rose by 0.1% to 9237.26 points. Foreign investors made selective purchases with a net investment of around 213 million dirhams, with 74.4 million dirhams in Abu Dhabi and 138.6 million dirhams in Dubai.
Weekly liquidity in the markets reached 6.47 billion dirhams, with 4.57 billion dirhams in the Abu Dhabi market compared to 1.9 billion dirhams in Dubai. The total number of traded shares was 2.3 billion, of which 1.22 billion in Abu Dhabi and 1.09 billion in Dubai, through 113,630 transactions.
In the Dubai market, shares in the financial sector, real estate sector, industrial sector and utility sector saw a decline. While in finance some stocks fell, there was also an increase in some stocks. In the industrial sector, there were mixed results with some growth and others decline. Real estate stocks mostly had positive trends, while utility sector stocks recorded a decline.
The Abu Dhabi market saw overall growth in the financial, real estate, communications and industrial sectors. Several stocks posted gains while others posted declines. The biggest gainers in both markets included specific stocks that saw significant gains during the week.
Foreign investors tended to buy in both markets, while Arab investors and citizens tended to liquidate. Investment portfolios tended to buy, while individual investors tended to liquidate. Overall, UAE stock markets showed a mix of positive and negative movements in the week leading up to the Eid Al-Fitr holiday.
