Banking and real estate stocks give indices a green week

UAE stocks overcame the state of fluctuation for 5 consecutive sessions, to end the first weeks of April in a circle of gains, supported mainly by banking and real estate stocks, despite the limited movements of most of these stocks between ups and downs.

3 major banks, accompanied by “Aldar” and “E&”, supported the Abu Dhabi Financial Market index, which rose in a week by 0.3% at the level of 9461.69 points, while the Dubai market index benefited from the rises of “Emirates NBD”, “Dubai Islamic” and “Emaar”. » to rise by 0.1%, at 3410.5 points.

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This came as investment portfolios tended towards buying, with a net investment of 157.8 million dirhams, the proceeds of purchase, of which 64.1 million dirhams were in Dubai, and 93.7 million dirhams were in Abu Dhabi.

Stocks attracted a weekly liquidity of 6.7 billion dirhams, of which 5.47 billion dirhams were in the Abu Dhabi market, and 1.23 billion dirhams in the Dubai market, and the traded quantities of shares amounted to 1.2 billion dirhams, distributed by 845.36 million shares in Abu Dhabi, and 364.54 million shares in Dubai. And this came through the execution of 78,253 transactions.

Abu Dhabi market

The Abu Dhabi market index rose during the week by 0.3% to the level of 9461.69 points, supported by selective purchases of shares in real estate, finance, industry, energy and communications.

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In the financial sector, “Abu Dhabi Islamic” rose 4.41%, “First Abu Dhabi” 1.09%, while “Abu Dhabi Commercial” stabilized, and “Multiple Play” shares decreased 2.16% and “Al-Alamiah Holding” 0.25%.

In terms of the telecommunications sector, “E&” increased by 4.17% and “Yahsat” by 1.13%. In the real estate, the share of “Al-Dar” rose 3.6% and “Manazil” 2.86%, compared to the decline of “Ras Al-Khaimah Real Estate” by 0.34% and “Ishraq” by 0.8%.

A decline in the industrial sector, “Alpha Abu Dhabi” 8.14%, “Abu Dhabi Ports” 0.48%, and “Arkan” 1.5%, compared to an increase in “marine dredging” by 2.62%.

In energy, the share of “ADNOC Distribution” increased by 1.4%, “ADNOC Gas” by 0.67%, and “Dana Gas” by 1.47%, compared to the decline of “ADNOC Drilling” by 4.81%.

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The shares of “Americana” increased by 3.15%, in front of the decline in the shares of “Presite” by 0.61%, “Bayanat” by 1.16%, “Taqa” by 6.6%, and “Burjeel” by 11.16%.

Dubai market

In turn, the Dubai Financial Market index rose during the week by 0.1% at the level of 3410.51 points, with the leading stocks rising mainly in the financial and real estate sectors.

In the financial sector, “Dubai Islamic” rose 0.7%, “Dubai Financial” 1.57%, “Dubai Investments” 3.48%, “Amlak” 1.2%, “Emirates NBD” 1.14%, and “Shuaia” 0.3%, compared to the decline of “G FH » 3.3%.

In the industrial sector, “Gulf Navigation” rose by 3.47%, in front of the decline of “Aramex” by 2.7%, “Salik” by 0.34%, and the stability of “Air Arabia”. In terms of the utilities sector, “Dewa” declined 2%, “Empower” 3.4%, and “Tabreed” 3%.

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With regard to the real estate sector, “Emaar Properties” rose 1%, and “Emaar Development” rose 1%, compared to the decline of “Tecom” by 0.4% and “Union Properties” by 2.6%.

Liquidity

The “International Holding” share topped the list of weekly trading in the Abu Dhabi market, with a value of 1.5 billion dirhams, closing at the level of 395 dirhams, followed by “Alpha Abu Dhabi” by attracting 676 million dirhams, reaching a price of 20.3 dirhams, then “Multiplay” with transactions of 341.34 million dirhams. To close at the level of 3.17 dirhams, and fourthly, “Al-Dar Properties”, with its acquisition of 305 million dirhams of liquidity, to reach the level of 4.82 dirhams.

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In the Dubai market, trading was led by “Emaar Properties” with 255 million dirhams, closing at 5.66 dirhams, followed by “Emirates NBD” by attracting 79.3 million dirhams, reaching the level of 13.3 dirhams, then “Dubai Islamic” by attracting 78.3 million dirhams of liquidity, to close at the level of 5.27 dirhams, and fourthly, “Empower”, with transactions of 72.4 million dirhams, and closed at 1.7 dirhams.

The highs and lows

The highest weekly increase in the Abu Dhabi market was recorded by “Aram” by 19.75%, closing at 1.88 dirhams, followed by “National Corporation for Tourism and Hotels”, with a growth of 15.63%, to reach a price of 2.96 dirhams, then “Easy Lace”, up 10.3%, to 29.2 dirhams.

On the other hand, “Foodco” declined the most, by 20.8%, closing at 1.98 dirhams, followed by “Burjeel”, down 11.16% to 2.07 dirhams, then “Gulf Cement”, which declined by 9.76%, at 0.37 dirhams.

In Dubai, the rises were led by “Al-Salam-Bahrain” by 6.87%, closing at 1.01 dirhams, followed by “Emirates Refreshments”, up 5.96% to the level of 3.2 dirhams, then “National International”, up 5.18% to 1.42 dirhams.

On the contrary, the decliners were led by “Aman” share, by 10.4%, to the level of 0.751 dirhams, followed by “Al Ramz Corporation”, by 9.67%, to the level of 1.12 dirhams, then “Mashreq Bank”, by 4.17%, at 115 dirhams.

nationalities

In terms of trading according to nationalities in the Abu Dhabi market during the week, Arab and Gulf investors and citizens tended to buy, with a net investment of 1.084 billion dirhams as a result of buying, of which 26.67 million dirhams as a result of buying Arabs, 216 million dirhams as a result of buying from Gulf countries, and 842.2 million dirhams as a result of buying. Citizens, on the other hand, foreign investors tended towards liquidation, with a net investment of 1.084 billion dirhams, the proceeds of sale.

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In the Dubai market, Arab, Gulf and foreign investors tended to buy, with a net investment of 115.7 million dirhams as a result of buying, of which 2.94 million dirhams as a result of buying Arabs, 71.7 million dirhams as a result of buying from Gulf countries, and 41 million dirhams as a result of buying foreigners. Citizens towards liquidation, with a net investment of 115.7 million dirhams, the proceeds of sale.

institutions

In turn, investment portfolios tended towards buying in a week, with a net investment of 157.8 million dirhams, the proceeds of purchase, of which 64.1 million dirhams were the proceeds of purchase in Dubai, and 93.7 million dirhams, the proceeds of purchase in Abu Dhabi. On the other hand, individual investors tended towards liquidation, with a net investment of 157.8 million dirhams, the proceeds of sale, distributed by 64.1 million dirhams, the proceeds of sale in Dubai, and 93.7 million dirhams, the proceeds of sale in Abu Dhabi.

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