We publish the performance of the UAE financial markets during the fourth week of August
performance contrast UAE stock market indices At the end of the trading week of the fourth week of August of this year to rise Dubai market With the support of the real estate sector, the Abu Dhabi market is recording its second weekly loss since the beginning of this month.
The mixed performance of the Dubai and Abu Dhabi bourses came in conjunction with the investors’ anticipation of the speech of US Federal Reserve Chairman Jerome Powell in anticipation of new indicators regarding the course of monetary policy.
The Dubai financial market achieved market gains of 4.68 billion dirhams (1.27 billion dollars), and the Abu Dhabi market recorded losses of 5 billion dirhams (1.36 billion dollars).
The Dubai Financial Market index rose by regarding 1.25% at the end of the previous week’s trading, reaching the level of 3462 points, compared to regarding 3419 points at the end of last week’s session.
The real estate sector rose during last week’s trading by 3.23%, coinciding with the rise of Emaar Properties 3.21%, Union Properties 4.94%, and Emaar Development 4.73%. In contrast, the banking sector declined 0.2%, with the Emirates NBD share falling 1.08%, while the shares of Bank of Dubai Islamic 0.34%, Mashreq Bank 2.6%, GFH 4.5% and Commercial Bank of Dubai 0.21%.
The market value of Dubai shares recorded 572.943 billion dirhams at the end of this week, compared to regarding 568.258 billion dirhams the previous week, with market gains amounting to 4.685 billion dirhams. As for the Abu Dhabi Stock Exchange, it decreased by 0.12% during the trading of the same week, reaching the level of 10,097 points, compared to regarding 10,110 points last week .
This coincided with the decline in the shares of International Holdings by 0.32%, Marine Dredging 16.37%, Virtglobe 0.53%, and Abu Dhabi Commercial Bank by 2.12%.
We publish the performance of the UAE financial markets during the month of July… and the rise in the Abu Dhabi market index
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