Arab Today, arab today dubai financial market index up 243 in q3
Last Updated : GMT 23:12:04
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Dubai financial market index up 24.3% in Q3

Arab Today, arab today

Arab Today, arab today Dubai financial market index up 24.3% in Q3

Dubai - QNA

The Dubai Financial Market General Index jumped by 24.3% to 2,762.5 points at the end of the third quarter compared to 2222.6 points at the end of second quarter. At the sectoral level, indexes of seven out of the nine sectors represented on DFM ended the quarter in the green, with the services sector increasing the most by 34.8%, followed by the financial and investment services and the real estate and construction sectors by 34.6%, and 27% respectively. The Industrial sector index has not changed during this quarter, while the Consumer Staples index decreased by 9.9%. The market capitalization increased at the end of this quarter by 16.7% amounting to AED 249.1 Billion compared to AED 213.4 Billion at the end of previous quarter. The value of shares traded during this quarter reached AED 49 Billion, compared to AED 38 Billion recorded during second quarter, up by 29%. The number of shares traded increased by 45.6% to reach 41.5 billion shares during this quarter compared to 28.5 billion shares were traded during second quarter. The number of transactions executed during this quarter up by 20.4% to reach 395,900 compared to 328,700 deals carried out during the previous quarter. Real estate and construction sector ranked first in terms of the traded value with AED 23.912 Billion or 48.8% of the total traded value. Financial and investment services sector came second with AED 7.866 Billion or 16% of the total traded value. Banking sector accounted for AED 7.421 Billion or 15.1%. Transportation sector accounted for AED 4.731 Billion or 9.7%. Services accounted for AED 3.437 Billion or 7%. Telecommunication accounted for AED 991.8 million or 2%, and the insurance accounted for AED 660.6 million or 1.3%.

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