Financial experts said that, the Profit-taking of shareholders affected, on The Dubai Financial Market(DFM), This contributed In the fluctuation of its performance Through,Trading sessions in last week. While News supported, About New bank mergers On (ADX) And led to a rise in the banking sector index.According to (Emirates today)
Abu Dhabi Securities Exchange (ADX) rose 1.88% through Last week's trading While Dubai Financial Market Index Decreased by 0.94%..
Details About the Dubai Financial Market (DFM) Index
Dubai Financial Market Index Decreased By 0.94% to close at the end of The week's trading at 2787.44 points. And Most sectors have seen Decreased Led by Investment sector And Financial Services Which has dropped its index By 6.86% Followed by the transport sector By 2.98% Then Consumer and luxury goods sector By 2.08%.
Banking sector rose By 0.65% while three sectors stabilized Through Week Trading.
The foreigners turned In the market To sell In total AED 16.824 million Gulf investors turned To buy With a total of 97.425 million dirhams And Arabs with a total of AED 2.32 million And Citizens turned Towards selling With a total of 82.92 million dirhams.
In Abu Dhabi, the Abu Dhabi Securities Market Index (ADX) rose, By 1.88% to
close at 5391.88 points, And the banking sector index rose By 4.4% And the real estate sector By 2.88% and the telecom sector By 0.72%, while the Investment sector decreased by 5.52% and the Energy sector by 4.34%.
The institutions achieved a net purchase of AED 789.214 million and individuals net sales of the same value. Arabs, Gulf people and citizens turned towards selling B Net hit AED 11.326 million, AED 348.6 thousand and AED 220.45 million, respectively Foreigners also turned To buy at a net value of AED 232.126 million.
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