Stocks are green for the second week.. and foreigners pump 280 million dirhams

UAE stocks added new gains for the second week in a row, and the Dubai market index maintained its highs throughout the sessions of last week, and increased within 5 sessions by 1.2% at the level of 4009.83 points, while the Abu Dhabi market rose 0.7% to 9671.89 points.

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Foreigners (non-Arabs) pumped purchases within a week, with a net investment of 280 million dirhams, the proceeds of purchase, of which 116.6 million dirhams were the proceeds of purchase in Abu Dhabi, and 163.2 million dirhams the proceeds of purchase in Dubai.

The gains came amid price breaches recorded by many stocks, as Dubai Islamic rose by 3%, Dubai Financial by 5%, Emirates NBD by 2.2%, GFH by 5.5%, and Al Ittihad. Real Estate »16.89%, and «Deyaar» 3.35%.

It also rose in Abu Dhabi, “Abu Dhabi Islamic” by 4.46%, “Al-Dar” by 2.51%, “Ishraq” by 0.87%, “Ras Al-Khaimah Real Estate” by 3.3%, “Manazil” by 9.37%, and “ADNOC Gas” by 6.92%. and ADNOC Supply 5.23%.

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The shares gained a weekly liquidity of 9 billion dirhams, of which 5.5 billion dirhams were in the Abu Dhabi market, and 3.57 billion dirhams in the Dubai market, and the traded quantities of shares amounted to 4.74 billion shares, distributed by 1.4 billion shares in Abu Dhabi, and 3.3 billion shares in Dubai. This came through the implementation of 137,981 transactions.

Dubai market

The Dubai market index rose in a week by 1.2% at the level of 4009.83 points, reinforced by the gains of the sectoral indices of financial, real estate, utilities and industry stocks.

In the financial sector, “Dubai Islamic” rose 3%, “Dubai Financial” 5%, “Emirates NBD” 2.2%, “GFH” 5.5%, “Shuaa” 5%, and “Amlak” 3.85. %.

And it increased in real estate, “Union Properties” by 16.89%, “Tecom” by 0.4%, and “Deyaar” by 3.35%, compared to the decline of “Emaar Properties” by 0.4%, and “Emaar Development” by 1.8%. It rose in utilities, “Dewa” by 0.37%, and “Tabreed” by 4.16%, compared to a decrease of “Empower” by 2%.

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In the industrial sector, “Air Arabia” increased by 3.5%, “Aramex” by 3%, and “Salik” by 0.95%, compared to the decline of “Gulf Navigation” by 0.9%, and “Dubai Investments” by 0.4%.

Abu Dhabi market

The Abu Dhabi Securities Market index recorded a weekly increase of 0.7% at the level of 9671.89 points, with the increase in the sectoral indices of financial, real estate and energy stocks.

In the financial sector, “International Holding” increased by 0.03%, “First Abu Dhabi” by 0.73%, “Abu Dhabi Commercial” by 1.73%, and “Abu Dhabi Islamic” by 4.46%, compared to a decrease of “Multiple Play” by 0.9%. In real estate, the share of “Al-Dar” increased by 2.51%, “Ishraq” by 0.87%, “Ras Al-Khaimah Real Estate” by 3.3%, and “Manazil” by 9.37%.

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And it increased in energy, “ADNOC Gas” by 6.92%, “ADNOC Distribution” by 2.02%, and “Dana Gas” by 1%, compared to the decline of “ADNOC Drilling” by 0.5%. It also rose in the industry, “ADNOC Supply” by 5.23%, “Abu Dhabi Ports” by 2.46%, and “Amstel” by 1.96%, compared to the decline of “Bulldozers” by 0.2%, and “Alfazabi” by 2.08%. In “communications”, “E&” rose 0.72%, and “Yahsat” 1.5%.

liquidity orientation

The share of “Al-Alamiya Holding” in the Abu Dhabi market attracted a liquidity of one billion dirhams, closing at the level of 395.1 dirhams, followed by “Alfadhabi” with a liquidity of 579.4 million dirhams, reaching the level of 20.76 dirhams, then “ADNOC Gas” by attracting 476.7 million dirhams to close at a price of 3.4 dirhams, then “Multiplay”, which attracted 317.8 million dirhams, and closed at a price of 3.29 dirhams.

“Union Properties” topped the Dubai market with a liquidity of 643.24 million dirhams, closing at 0.429 dirhams, followed by “GFH” with a value of 356.3 million dirhams, closing at 1.15 dirhams, then “Emaar Properties”, with a liquidity of 331.26 million dirhams, and closed at 6.85 dirhams. And fourthly, Emirates NBD, which attracted 239.13 million dirhams of liquidity, reaching a price of 16.3 dirhams.

The highs and lows

The list of weekly increases in the Abu Dhabi market was topped by the share of “Abu Dhabi National Hotels” by 20.61% at the level of 7.9 dirhams, followed by “Response Plus”, which rose 12.64% to the level of 4.9 dirhams, then “Houses”, which increased by 9.37%, to close at a price of 0.467 dirhams.

On the other hand, “Hayat Insurance” recorded the most decline by 10.3%, closing at 1.48 dirhams, followed by “Foodco”, down 10% to 1.71 dirhams, and thirdly, “Aram”, down 8.6% and closed at 1.7 dirhams.

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At the forefront of the rising stocks in Dubai was «Al-Frouds Holding» by 23.25%, closing at 0.811 dirhams, followed by «Union Real Estate», rising 16.9% to the level of 0.429 dirhams, then «National Cement», rising 14.3% to 2.4 dirhams.

On the other hand, the declines were led by “Ajman Bank”, down 12% to the level of 2.04 dirhams, followed by “Mashreq Bank”, down 7.9%, to close at the level of 145 dirhams, then “Dar Al Takaful”, which closed down 4.1% to the level of 0.745 dirhams.

nationalities

Regarding trading according to nationalities in the Abu Dhabi market during the week, Gulf and foreign investors tended to buy, with a net investment of 327.8 million dirhams as a result of purchases, of which 211.2 million dirhams as a result of buying from the Gulf, and 116.63 million dirhams as a result of buying foreigners.

On the other hand, Arab investors and citizens tended towards liquidation, with a net investment of 327.8 million dirhams, the proceeds of sale, distributed by 327.4 million dirhams, the proceeds of selling citizens, and 356 thousand dirhams, the proceeds of selling Arabs. In the Dubai market, foreign investors tended to buy, with a net investment of 163.2 million dirhams, the proceeds of purchase, and on the other hand, Arab and Gulf investors and citizens tended towards liquidation, with a net investment of 163.2 million dirhams, the proceeds of selling, distributed by 9.53 million dirhams, the proceeds of selling Arabs, and 13.5 million dirhams. Dirhams are the proceeds from the sale of Gulf nationals, and 140.15 million dirhams are the proceeds from the sale of citizens.

institutions

In turn, investment portfolios tended towards buying in a week, with a net investment of 189 million dirhams, the proceeds of purchase, of which 64.7 million dirhams were collected in the Dubai market, and 124.3 million dirhams were the proceeds of purchase in Abu Dhabi.

On the other hand, individual investors tended towards liquidation with a net investment of 189 million dirhams from the sale proceeds, of which 64.8 million dirhams from the sale proceeds in Dubai, and 124.3 million dirhams from the sale proceeds in Abu Dhabi.