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Dubai Financial Market gains $1bn to reach 8-year high

Dubai Financial market has billion-dollar week to reach highest point since July 2015

Dubai Financial Market

The Dubai Financial Market (DFM) gained more than $1bn to reach its highest levels since mid-July 2015.

DFM consolidated gains seen at the beginning of the week, with its market capitalisation gaining more than AED3.7bn ($1bn).

The DFM’s market capitalisation rose from AED697.8bn ($190bn) at the end of last Friday’s session to AED701.59bn ($191bn) at the end of trading on Monday, September 25.

Dubai Financial Market gains

The market capitalisation of the Abu Dhabi Securities Exchange (ADX) remained at about AED2.87tn ($781.5bn).

Liquidity in the two markets was about AED1.6bn ($$435.6m), with AED 1.1 billion in the ADX and AED 511.9 million in the DFM.

About 336.2 million shares were traded through 22,700 transactions.

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