Dubai Financial Market Closes Steady Amid Selective Activity Led by Emaar and Air Arabia

The Dubai Financial Market ended today’s session with mixed performance, showing slight stability amid active trading focused on leading stocks, with a clear divergence between gainers and losers as investors anticipate global market directions and regional economic developments.

The Dubai Financial Market Index (DFMGI) experienced fluctuating movements during the session, before closing near previous levels, supported by gains in real estate and service stocks, countered by pressures from some technology and service stocks.

Leading Stocks by Value

Emaar Properties topped the list of most traded stocks by value, rising to AED 14.10, achieving gains of approximately 0.35%, with trades exceeding AED 61.4 million, reflecting continued investor interest in the real estate sector.

Emirates NBD came second in trading value with around AED 35.7 million, stabilizing at AED 28.10 with no significant change.

Air Arabia also featured prominently among active stocks, rising to AED 4.78, a gain of 1.27%, supported by clear buying interest.

Stocks by Volume

In terms of trading volumes, ALEC topped the list with over 22.2 million shares traded, its price rising to AED 1.52, up by 2.69%.

Conversely, Talabat faced significant selling pressures, dropping to AED 0.949, a decrease of 3.36%, despite high trading volumes exceeding 17.7 million shares.

Top Gainers

DRC recorded the largest gains of the session, up 14.85% to close at AED 18.95, followed by DNIR with an increase of 4.69%.

TECOM, SALAM_BAH, and ALEC also saw varying gains, supported by improved risk appetite for some mid-cap stocks.

Top Losers

On the downside, GULFNAV led the losers, declining by 9.63% to AED 1.97, while Talabat continued its losses for the second consecutive session.

Additionally, TAKAFUL-EM, ALFIRDOUS, and DEYAAR recorded declines ranging from 1.8% to 2.9%, amid profit-taking and selective trading.

Analytical Outlook

The performance of the Dubai Financial Market reflects a state of cautious balance, as investors continue to focus on leading stocks with strong fundamentals, against corrective pressures on some stocks that had quick gains in previous sessions.

Analysts believe that the continued momentum in stocks like Emaar and Air Arabia could support the index's stability in the near term, awaiting new catalysts related to corporate results or developments in interest rates and global markets.