Dubai Financial Market Opens with Notable Activity in Gulf Navigation and Amanat Shares Amid Mixed Sector Performance

Dubai | EcoPulse24

The Dubai Financial Market began today's session with mixed performance, as liquidity concentrated on a limited number of leading and mid-cap stocks amid selective investor movements during the morning session.

According to early trading data, Gulf Navigation (GULFNAV) topped the list of most active stocks by value, with AED 32.82 million in trades and over 12.07 million shares exchanged, settling at AED 2.720, up AED 0.020 or 0.741%.

Amanat Holdings (AMANAT) ranked second by value with AED 12.21 million in trades and a volume of 9.51 million shares, with its price reaching AED 1.280, reflecting a strong gain of 4.065% (up AED 0.050).

Conversely, Dubai Electricity and Water Authority (DEWA) registered AED 7.21 million in trades, with its price slipping slightly to AED 2.800, down AED 0.010 or 0.356%, limiting upward momentum for the index at the session's start.

Dubai Islamic Bank (DIB) saw notable activity with AED 6.94 million in trades, its price rising to AED 9.530 (up AED 0.030 or 0.316%), while du (DU) increased to AED 9.870 (up AED 0.010 or 0.101%) with trades nearing AED 5.25 million.

Among the most active stocks by volume, GULFNAV and AMANAT maintained their lead, joined by SHUAA Capital with 5.67 million shares traded at AED 0.235 (up 1.293%). DSI declined to AED 0.287, a drop of 0.347%.

On the gainers' side, AMANAT led, followed by ERC at AED 2.600 (up 3.175%), then DNIR at AED 3.350 (up 3.077%), as well as UNIONCOOP and SHUAA with varying gains.

UFC led the decliners, falling to AED 12.150 (down AED 1.200 or 8.989%), trailed by TECOM at AED 3.310 (down 2.360%), then ALFIRDOUS, SALAM_BAH, and CBD. MASQ also dropped to AED 256.00 (down 1.538%).

Analyst View | EcoPulse24

The Dubai Financial Market's opening reflects a focus on active stocks and quick liquidity, with a clear tilt toward service and investment shares such as GULFNAV and AMANAT, while some leading stocks faced limited pressure. Selective performance is likely to persist in upcoming sessions as investors monitor global market developments and local liquidity balances.