UAE Stocks Soar: Local Shares Gain 31 Billion Dirhams in a Week

UAE stock markets surged last week as third-quarter earnings results exceeded expectations, adding over 31 billion dirhams to total market value. Foreign investors drove much of the buying activity, with Abu Dhabi gaining 14.28 billion dirhams and Dubai adding 16.74 billion dirhams in market capitalization.

The strong performance comes as companies report better-than-expected quarterly results, raising hopes for upcoming earnings from major firms set to announce in the coming days. Both Abu Dhabi and Dubai markets stayed firmly in positive territory, supported by foreign and institutional buying across both exchanges.

Total trading volume reached 8.28 billion dirhams as investors traded nearly 2 billion shares through 154,807 transactions during the week.

Abu Dhabi Market Shows Strong Foreign Interest

Foreign investors made their mark on Abu Dhabi Securities Exchange with net purchases of 322.92 million dirhams. Non-Arab foreigners bought 2.045 billion dirhams worth of shares while selling 1.722 billion dirhams, capturing 33.8% of total trading value and 28.1% of share volume.

Arab investors also joined the buying trend with net purchases of 6.51 million dirhams, while Gulf investors sold a net 250.4 million dirhams. Combined foreign investment from all nationalities reached 79 million dirhams in net buying, representing 42.4% of total trading value.

UAE nationals remained the dominant force, accounting for 57.6% of trading value and 60.5% of volume. However, they were net sellers to the tune of 79 million dirhams, buying 3.167 billion dirhams worth of shares while selling 3.246 billion dirhams.

Institutional investors showed confidence with net purchases of 94.58 million dirhams, buying 4.137 billion dirhams worth of shares and selling 4.042 billion dirhams. Individual investors were net sellers of the same amount.

The Abu Dhabi index closed up 77.15 points or 0.8% at 10,201.57 points, compared to 10,124.42 points the previous week. During the week, 50 companies saw their share prices rise while 43 declined and 30 remained unchanged.

Trading activity included 96,887 transactions covering 1.309 billion shares worth 5.565 billion dirhams. The total market value of listed companies reached 3.147 trillion dirhams, up from 3.133 trillion dirhams the week before.

Dubai Market Attracts Heavy Foreign Investment

Dubai Financial Market saw even stronger foreign interest, with international investors buying 1.564 billion dirhams worth of shares - about 57.58% of total purchases. They sold 1.214 billion dirhams worth, or 44.7% of total sales, resulting in net foreign investment of 349.93 million dirhams.

UAE investors in Dubai took the opposite approach, selling a net 349.93 million dirhams after buying 1.152 billion dirhams worth of shares and selling 1.502 billion dirhams worth.

Dubai's main index jumped 74 points or 1.24% to close at 6,066.23 points, up from 5,992.18 points the previous week. The index hit a weekly high of 6,069.58 points and a low of 5,953.53 points.

Total trading reached 2.7 billion dirhams through 686.87 million shares across 57,920 transactions. The market's total value climbed to 1.047 trillion dirhams from 1.030 trillion dirhams the week before.

The strong performance across both markets reflects growing investor confidence as companies deliver solid quarterly results. Foreign investors appear particularly bullish on UAE stocks, providing significant buying pressure that helped drive both indices higher. This trend suggests international money managers see value in UAE equities amid the current earnings cycle.