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UAE bourses witness mixed performance in September

UAE bourses witness mixed performance in September
The DFM's market cap value increased by AED 4.11bn

UAE - Mubasher: The UAE stock markets have seen a mixed performance in September after the Dubai Financial Market (DFM) had achieved a positive performance, whereas the Abu Dhabi Securities Exchange (ADX) witnessed a negative one.

Dubai Financial Market

The benchmark index of the Dubai Financial Market (DFM) rose by 1.3% or 28.19 points to close September at 2,273.48 points, compared to 2,245.29 points in August.

The market cap value increased by AED 4.11 billion to AED 317.03 billion by the end of September from AED 312.92 billion in the previous month.

The banks sector led the risers with 1.5%, supported by a 5.4% gain of Dubai Islamic Bank (DIB).

Meanwhile, the real estate segment headed the losers with 0.4%, hurt by a 3.1% fall of Emaar Properties.

Abu Dhabi Securities Exchange 

The main index of the ADX went down 0.03% or 1.26 points to 4,518.06 points by the end of September, compared to 4,519.32 points in August.

The market cap value recorded AED 673.67 billion in September, down AED 3.65 billion from AED 677.32 billion during the earlier month.

The real estate segment topped the losers with 1.1%, driven by a 0.98% decline in Aldar Properties.

First Abu Dhabi Bank (FAB) came on top of the losing blue chips with 1.9%, while Abu Dhabi Commercial Bank (ADCB) led the rising blue chips with 1.9%.

Bourses' Performance in the Third Quarter 

During the third quarter (Q3) of 2020, the DFM's market cap value increased by AED 24.1 billion, compared to AED 292.93 billion in the earlier quarter.

Meanwhile, the ADX's market cap value jumped by AED 189.26 billion in Q3-20, compared to AED 484.41 billion by the end of June.