Dubai stocks jump 3.95% in biggest daily gain since April as market value tops Dh1 trillion

The Dubai Financial Market (DFM) General Index surged 3.95% at Wednesday's close (November 4), rising 229.88 points to 6,040.74 — its biggest single-day gain since April 8 — while total market capitalisation moved back above Dh1 trillion. Emirates247 reported that the rally was driven by broad gains across sectors, led by real estate stocks, up 4.2%, and industrials, up 4.14%. (Photo: file photo of the Dubai International Financial Centre.)

Market value up more than Dh30 billion in a day

Market capitalisation rose back above the Dh1 trillion mark at Wednesday's close, from Dh967.22 billion at the previous session's close — an increase of more than Dh30 billion in a day. Emaar Properties and Emaar Development led trading volume after a planned tender offer announcement. Dubai Standard reported the momentum continued on Thursday, with the index trading 0.17% higher at 6,051.23.

Strongest gains in seven months

Dubai Standard described the session as Dubai stocks' strongest gains in seven months. Asian markets moved in different directions the same day: the Hang Seng rose 3.3%, while South Korea's Kospi fell 5.2% amid regulatory concerns.