UAE Stocks Surge by AED 26.7 Billion in Weekly Gains, Boosting Local Market Performance
UAE stock markets gained 26.78 billion dirhams in market value last week, with foreign investors and financial institutions driving the rally through increased buying activity. The gains were split between Abu Dhabi's market, which added 19.97 billion dirhams, and Dubai's market, which gained 6.81 billion dirhams.
Both markets posted solid weekly performance. Abu Dhabi's index climbed 0.38% while Dubai's index jumped 1.09%. The momentum came from foreign investors who were net buyers across both exchanges, purchasing 117.23 million dirhams more than they sold.
Foreign buying was particularly strong in Abu Dhabi, where international investors had net purchases of 78.97 million dirhams. Dubai saw 38.26 million dirhams in net foreign buying. Financial institutions also supported the markets with net purchases of 104.84 million dirhams across both exchanges.
The markets attracted total liquidity of 9.74 billion dirhams during the week. Trading volume reached 2.86 billion shares across 174,343 transactions, showing healthy market activity.
Abu Dhabi Market Details
Non-Arab foreign investors were the biggest buyers in Abu Dhabi, with net purchases of 120.27 million dirhams. They accounted for 24% of total trading value and 20.2% of share volume during the week. These investors bought 1.78 billion dirhams worth of shares while selling 1.66 billion dirhams.
Arab investors also contributed with net purchases of 6.49 million dirhams, though Gulf investors were net sellers to the tune of 47.78 million dirhams. Overall, foreign investors from all nationalities had net purchases of 78.97 million dirhams, representing 31.3% of total trading value.
Local Emirati investors dominated trading activity, accounting for 68.7% of trading value and 69% of volume. But they were net sellers, offloading 78.97 million dirhams more than they bought. They purchased 4.884 billion dirhams worth of shares while selling 4.963 billion dirhams.
Institutional investors in Abu Dhabi were net buyers of 96.31 million dirhams, purchasing 4.935 billion dirhams worth of shares and selling 4.838 billion dirhams. Individual investors were net sellers of the same amount.
Abu Dhabi's main index closed at 10,113.91 points, up 41.11 points or 0.38% from the previous week. The index fluctuated between a high of 10,145.2 points and a low of 10,063.1 points. Stock prices were mixed, with 46 companies rising, 44 declining, and 33 unchanged.
Trading activity included 116,595 transactions involving 1.864 billion shares worth 7.167 billion dirhams. The market's total capitalization reached 3.131 trillion dirhams, up from 3.111 trillion dirhams the previous week.
Dubai Market Performance
Foreign investors were also active buyers in Dubai, purchasing 1.315 billion dirhams worth of shares - nearly 51% of total purchases. They sold 1.277 billion dirhams, or about 49.5% of total sales, resulting in net purchases of 38.26 million dirhams.
Emirati investors in Dubai were net sellers, buying 1.266 billion dirhams worth of shares but selling 1.304 billion dirhams, for net sales of 38.26 million dirhams. This pattern mirrors what happened in Abu Dhabi, where local investors took profits while foreigners bought the dip.
Institutional investors in Dubai had net purchases of 8.53 million dirhams, while individual investors were net sellers of the same amount.
Dubai's main index finished at 5,982.15 points, gaining 64.56 points or 1.09% for the week. Total trading value reached 2.581 billion dirhams. The market's capitalization grew to 1.015 trillion dirhams from 1.008 trillion dirhams the previous week.
The strong foreign buying across both markets suggests international confidence in UAE equities. With oil prices stable and the economy diversifying, foreign institutional money appears to be flowing into UAE stocks as investors seek exposure to the region's growth story. The fact that local investors were net sellers while foreigners bought indicates healthy profit-taking by domestic players and fresh international interest in UAE markets.
Layla Al Mansoori