The Dubai Financial Market announced the results of the quarterly periodic review of its General Index and Islamic Index, implementing new weightings for the included stocks from today. According to data from the Dubai Financial Market, four companies accounted for approximately 40% of the total weight of the General Index: "Dewa" with a share of 10%, "Dubai Islamic" with a weight of 10%, "Emaar Properties" at 10%, and "Emirates NBD" at 10%.
The stock of "Dubai Commercial" ranked fifth with a weight of 6.08%, followed by "Emaar Development" at 5.08%, "Dubai Investments" at 5.06%, "Salk" at 4.73%, "Mashreq" at 4.69%, "Air Arabia" at 4.61%, "Du" at 4.24%, "Gulf Navigation" at 3.19%, "Empower" at 2.18%, and "Ajman Bank" at 1.95%.
The stock of "Dubai Financial Market" ranked 15th with a weight of 1.62%, followed by "Tabreed" at 1.54%, "Aramex" at 1.51%, "Parken" at 1.49%, "Diyar" at 1.46%, "Taleem" at 1.38%, "Tecom" at 1.38%, "Union Properties" at 1.15%, and "Spinney’s" at 1.05%, while the remaining companies had shares below 1%.
Regarding the weights of companies in the Islamic Index of the Dubai Financial Market, three stocks accounted for approximately 30% of the total weight of the index: "Dewa" with a share of 10%, "Dubai Islamic" at 10%, and "Emaar Properties" at 10%.
The stock of "Emaar Development" ranked fourth with a weight of 6.99%, then "Dubai Investments" at 6.97%, "Salk" at 6.51%, "Air Arabia" at 6.36%, "Du" at 5.84%, "Gulf Navigation" at 4.39%, "Empower" at 3%, "Ajman Bank" at 2.68%, "Dubai Financial Market" at 2.23%, "Bahrain Salam" at 2.13%, and "Tabreed" at 2.12%.
The weight of "Aramex" in the Islamic Index was 2.07%, "Parken" at 2.05%, "Diyar" at 2.02%, "GFH" at 1.96%, "Taleem" at 1.9%, "Tecom" at 1.9%, "Union Properties" at 1.58%, "Dubai Taxi" at 1.14%, "Amanat" at 1.22%, "DRC" at 1.16%, and "Dubai Refreshments" at 1.06%, while the remaining companies had shares below 1%.
The Dubai Financial Market is the main stock market in the United Arab Emirates, located in the city of Dubai. It was established in 2000 and is considered one of the main financial markets in the Gulf region.
**Key Features:**
- **Stocks and Bonds:** Trading includes stocks, bonds, sukuk, and exchange-traded funds, providing a platform for companies to raise funds by offering their shares to the public.
- **Regulation and Supervision:** The Dubai Financial Market is regulated and overseen by the Dubai Financial Services Authority (DFSA), which promotes transparency and integrity in the financial markets.
- **Liquidity and Trading:** The market enjoys good liquidity and strong trading activity, attracting both local and international investors.
- **Diverse Financial Instruments:** In addition to stocks and bonds, the market enables trading in sukuk, investment funds, futures, and options.
- **Technological Advancement:** The market provides the latest technologies in electronic trading, facilitating quick and efficient access for investors to execute their deals.
Overall, the Dubai Financial Market is considered a vital part of the financial infrastructure in the UAE, contributing to economic growth and sustainable development in the region.
