Dubai led the Gulf Cooperation Council (GCC) market in July with the biggest stock gains across the region. The UAE stock market jumped by almost 8%, making it the top performer in the Gulf. The Dubai Financial Market (DFM) General Index rose by 7.9%, reaching 6,159.2 points. This is the fourth month in a row that Dubai’s stock market has grown, making its total gain for the year 19.4%, the highest in the region.
Strong earnings from sectors like real estate and financials helped boost investor confidence. Key companies contributed to the strong performance of the Dubai index stock. Investors’ sentiment was also lifted by improving global market signals and regional economic stability, supporting the UAE stock market.
UAE Stock Market Shows Strong Trading Activity
Other parts of the GCC market also showed growth. Oman’s stock index increased by 6.2%, and Qatar rose by 4.8%. But Saudi Arabia’s market fell by 2.2%, showing weaker performance this year. Still, the overall GCC market was up by 2.2% in July.
There was also more trading activity in Dubai. The total number of shares traded rose by 7.4% compared to June. The value of traded shares increased by 10.7%, going up to AED 16.7 billion from AED 15.1 billion. This shows rising interest in the UAE share market news and the Dubai index stock.
Abu Dhabi and Qatar also had a good month, though not as strong as Dubai. Experts say the positive trend across the GCC market is due to better earnings and global stability. Stocks in real estate, banks, and transport led the gains in Dubai.
The UAE stock market is getting strong support from its stable economy and strong oil prices. Dubai’s performance in July shows it is becoming a leader in the regional stock market. If this trend continues, the Dubai index stock could see more growth in the coming months, especially as more company earnings and news come out.
