Dubai Financial Market Moves in Narrow Range with Notable Activity on Emaar and DSI

Dubai Financial Market – DFM

The Dubai Financial Market General Index (DFMGI) moved within a narrow range during today's session, trading close to 6116 points, amidst mixed performance among leading stocks and notable activity on low-priced shares.

Emaar Properties recorded the highest trading value in the market, exceeding 13.4 million AED, with nearly 937,000 shares traded, closing unchanged at 14.40 AED, reflecting investor caution towards this leading stock.

Conversely, Dubai Investments (DSI) topped the list of most traded by volume with over 11.1 million shares, slightly rising by 0.35% to close at 0.290 AED, indicating ongoing active speculation on low-priced stocks.

Additionally, ALEC shares performed positively, rising by about 0.68% to 1.48 AED, supported by nearly 5 million shares traded, while Emirates NBD shares remained stable at 28.30 AED.

Winners and Losers

Among the gaining stocks, CHAE led with an increase of over 7.5%, followed by NCC with nearly 4%. Both EKTTITAB and ITHMR gained around 2.6% each.

On the downside, MKHZN recorded the largest losses, dropping by more than 5.6%, while DU fell by 1.35%, alongside limited declines in SALIK and Spinneys shares.

Market Outlook

The session's performance reflects a balance and caution among investors, with liquidity concentrated in specific stocks, while the index continues to move without a clear direction, awaiting new catalysts.