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UAE stock indices reduced their weekly declines, due to selective purchases, in the face of pressure from “banks” at a time when some stocks attracted concentrated liquidity, especially “Gulf Navigation”, “Ajman Bank” and “Al-Alamiah Holding”.
And in front of the rise in “E &” shares in a week by 4.9% and “Alpha Abu Dhabi” by 1.92%, the Abu Dhabi market index settled for a decline of 0.26% at the level of 9453.42 points, while the Dubai market decreased by a marginal rate of 0.08% to the level of 3541.4 points.
It was remarkable that the strong liquidity on the shares of “Ajman Bank” throughout the sessions of the past week amounted to 474.7 million dirhams, and it rose 12.6% at the level of 2.14 dirhams, and “Gulf Navigation” also attracted 343 million dirhams, up 28.6% to the price of 3.91 dirhams, so that the two shares They attracted 817.7 million dirhams, equivalent to 42% of the liquidity of the Dubai market.
The weekly liquidity in the markets amounted to 7 billion dirhams, of which 5.14 billion dirhams were in the Abu Dhabi market, and 1.93 billion dirhams in the Dubai market.
Abu Dhabi market
The decline in the Abu Dhabi market index came in a week with the decline of leading stocks in the financial, energy and real estate sectors. And “First Abu Dhabi” 4.5%, “Abu Dhabi Commercial” 3%, and “Abu Dhabi Islamic” 2.3%, compared to the increase in “Multiple Play” by 7.7%, and the stability of “Al Alamiah Holding”.
“ADNOC Gas” decreased 2.8%, “ADNOC Distribution” 4.6%, and “ADNOC Drilling” 1.3%, compared to an increase in “Dana Gas” by 0.87%.
The share of “Al-Dar” decreased by 1.35%, and “Ras Al-Khaimah Real Estate” by 1.5%, compared to an increase in “Ishraq” by 7.34%. In the industry, “marine dredging” increased by 4.32%, in front of the decline of “Arkan” by 3.4% and the stability of “Abu Dhabi Ports”. “Americana” rose 1%, “VirtGlobe” 1.25%, “Food” 3.3%, and “Data” 0.7%, compared to “Borouge” falling 2.6%.
Dubai market
In turn, the Dubai Financial Market index declined in a week, with the decline in the sectoral indices of financial stocks mainly, while the rises in shares in the sectors of industry, utilities and real estate contributed to reducing the general index of the market. “Dubai Islamic” declined 3.5%, “Amlak” 3.97%, and “Emirates NBD” 1.4%, compared to an increase in “Dubai Investments” 1.8%, “GFH” 5.3%, “Shuaa” 3.96%, and “Ajman Bank”. 12.6%.
“Salik” shares fell 0.6%, “Aramex” 1.6%, and “Air Arabia” 0.87%, compared to an increase in “Gulf Navigation” by 28.6%. “Emaar Properties” decreased 1%, “Emaar Development” 2.26%, “Deyaar” 0.8%, and “Tecom” 4.5%, compared to an increase in “Union Properties” by 0.7%.
And it fell in utilities, “Dewa” by 1.6%, and “Empower” by 0.57%, compared to an increase in “Tabreed” by 0.34%.
liquidity orientation
And topped the list of shares that attract the most liquidity in the Abu Dhabi market during the week, “Al-Alamiya Holding” share, with a value of 1.2 billion dirhams, closed at the level of 395.1 dirhams, followed by “Exchange Traded Funds” – Chimera, Sand & Poor’s, with a liquidity of 647.15 million dirhams, reaching a price of 6.67 dirhams. Then “Alpha Abu Dhabi”, by attracting 408.2 million dirhams, to close at 19.14 dirhams, and “Multiplay”, by attracting 324.4 million dirhams, to close at 3.35 dirhams.
“Ajman Bank” won the highest turnover in the Dubai market, with a value of 474.7 million dirhams, closing at a level of 2.14 dirhams, followed by “Gulf Navigation” with a liquidity of 343 million dirhams, reaching a price of 3.91 dirhams, then “Emaar Properties” by attracting about 270 million dirhams in liquidity, closing at The level of 5.89 dirhams, and fourthly, “Dubai Islamic”, with transactions of 163.2 million dirhams, closed at a price of 5.17 dirhams.
The highs and lows
The share of “Fujairah Cement” recorded the highest increase during a week in the Abu Dhabi market, by 9.76%, to close at the level of 0.405 dirhams, followed by “Easy Lace”, up 8.1%, to the level of 32 dirhams, then “Multiplay”, which rose 7.72%, at the level of 3.35 dirhams.
On the other hand, the declines were led by “Ras Al-Khaimah Poultry” by 12%, closing at 1.82 dirhams, followed by “National Corporation for Tourism and Hotels”, down 11.17%, to 3.1 dirhams, and “Hayat Insurance”, down 8%, closing at 0.817 dirhams.
Among the gainers in the Dubai market were «Gulf Navigation» by 28.6%, closing at 3.93 dirhams, followed by «Arab Scandinavian Insurance», up 14.7% to 2.33 dirhams, then «Al Mazaya Holding», up 14.47%, at 1.02 dirhams.
On the contrary, the declines were led by “Takaful Emirates” by 12.4% to the level of 0.55 dirhams, then “Dubai Refreshments” with a decline of 6.25% to close at a price of 17.25 dirhams, then “Dar Al Takaful” with a decrease of 5.5% to reach the level of 0.645 dirhams.
nationalities
Regarding trading according to nationalities in the Abu Dhabi market during the week, Gulf investors and citizens tended to buy, with a net investment of 728.4 million dirhams as a result of buying, of which 63.6 million dirhams as a result of buying from Gulf citizens, and 664.8 million dirhams as a result of buying citizens.
On the other hand, Arab and foreign investors tended towards liquidation, with a net investment of 728.4 million dirhams, the proceeds of sale, distributed by 41.85 million dirhams, the proceeds of selling Arabs, and 686.5 million dirhams, the proceeds of selling foreigners.
In the Dubai market, Gulf investors tended to buy, with a net investment of 60.27 million dirhams, the proceeds of purchase. One million dirhams from the sale of foreigners, and 49.8 million dirhams from the sale of citizens.
institutions
The performance of investment portfolios varied in a week when they tended towards buying in the Abu Dhabi market, with a net investment of 121.2 million dirhams as a result of purchase, while they tended towards liquidation in the Dubai market, with a net investment of 60.5 million dirhams as a result of selling. On the other hand, individual investors tended to buy in the Dubai market, with a net investment of 60.5 million dirhams, the proceeds of purchase, while they tended towards liquidation in the Abu Dhabi market, with a net investment of 121.2 million dirhams from sale.
