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Foreign (non-Arab) investors intensified their weekly purchases of Emirati stocks, with a net investment of 952.2 million dirhams, the proceeds of purchases in 5 sessions.
This came as the Abu Dhabi market index maintained its green closing for the fifth consecutive session, with a weekly increase of 1.17% at 9556.9 points, while the Dubai market rose 0.09% to 3792.51 points.
The purchases of foreigners (non-Arabs) were distributed by 766.8 million dirhams, the proceeds of purchase in Abu Dhabi, and 185.38 million dirhams, the proceeds of purchase in Dubai.
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Among the stocks that moved positively in the Abu Dhabi market was «Alpha Abu Dhabi», with its rise in a week by 15.8%. The capital market also received support from bank stocks, especially «First Abu Dhabi», up 2.24%, and «Abu Dhabi Islamic» 2.49%.
The shares gained a weekly liquidity of 7 billion dirhams, of which 4.89 billion dirhams were in the Abu Dhabi market, and 2.1 billion dirhams in the Dubai market, and the traded quantities recorded 2.78 billion shares.
Dubai market
The Dubai Financial Market index rose during the week, by 0.09%, to 3,792.51 points, with the rise in the sectoral indices of real estate, utilities, and industry stocks.
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“Amlak” rose 8.8%, and “GFH” 1.9%, compared to the decline of “Dubai Islamic” by 0.5% and “Shuaa” by 2%, and the stability of “Emirates NBD” and “Dubai Financial”.
“Aramex” rose 1%, “Gulf Navigation” 2.8%, and “Dubai Investments” 0.8%, in front of the decline of “Air Arabia” 0.4%, and “Salik” 1.26%. “Emaar Development” rose 2.3%, and “Union Properties” rose 1.3%, in front of the decline of “Deyaar” by 0.7%, and the stability of “Emaar Properties” at 6.59 dirhams. “Tabreed” rose 0.3%, in front of the decline of “Empower” by 1.6%, and the stability of “Dewa”.
Abu Dhabi market
The Abu Dhabi Securities Market index recorded a weekly increase of 1.17% at 9556.9 points, with the rise in the sectoral indices of financial, industry, energy and real estate stocks.
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“International Holding” rose 0.23%, “First Abu Dhabi” 2.24%, and “Abu Dhabi Islamic” 2.49%, compared to the decline of “Abu Dhabi Commercial” by 0.37%, with the stability of “Multiplay”. “Al-Dar” rose 0.4%, and “Ras Al-Khaimah Real Estate” 7.56%, compared to “Ishraq” falling 1.23%.
“Alpha Abu Dhabi” jumped 15.8%, “Marine Dredging” 2.78%, and “Abu Dhabi Ports” 1.26%, compared to the decline of “Amstel” 0.7%.
With regard to ADNOC companies, “ADNOC Gas” rose 1.3%, compared to the decline of “ADNOC Distribution” by 0.75%, “ADNOC Drilling” by 5.6%, and “ADNOC Supply” by 0.65%. And “E&” decreased by 0.62%, compared to a rise of “Yahsat” by 1.2%. “Americana” rose 1.7%, “Brecite” 0.3%, “Bayanat” 4.23%, “Dana Gas” 3.78%, “Burjeel” 3.18%, and “Firtelgob” 1.23%.
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liquidity orientation
The weekly liquidity focused again on the “International Holding” share, with a value of 1.1 billion dirhams, closing at the level of 396 dirhams, followed by “First Abu Dhabi”, which attracted 661.6 million dirhams, reaching a price of 13.7 dirhams, then “Alpha Abu Dhabi”, which attracted 627.5 million dirhams, and closed at the level of 20.82 dirhams, and “Multiplay”, with transactions of 287.6 million dirhams, and closed at 3.19 dirhams.
In the Dubai market, the weekly trading was topped by «Emaar Properties» with 277.7 million dirhams, closing at 6.59 dirhams, followed by «Education Holding» with a liquidity of 189.3 million dirhams, reaching the level of 3.94 dirhams, then «Ithmaar Holding», with transactions of 183.8 million dirhams, to close at a price of 183.8 million dirhams. 0.311 dirhams, and fourthly, “Dewa”, with a liquidity near 162 million dirhams, closed stable at 2.63 dirhams.
The highs and lows
The share of «Alpha Abu Dhabi» recorded the highest weekly increase in the Abu Dhabi market by 15.8%, closing at 20.82 dirhams, followed by «I want», with a rise of 15%, reaching the level of 10.58 dirhams, then «Union Insurance», with its growth of 14.89%, closing at 0.594 dirhams.
On the other hand, “Ras Al-Khaimah National” recorded the largest decline by 15.12%, closing at 4.49 dirhams, followed by “Gulf Medical Projects”, down 9.68% to the level of 1.68 dirhams, then “Aram Group”, which closed down by 9.09% at the level of two dirhams.
At the forefront of the shares that rose the most during a week in the Dubai market was the share of “Al-Frouds Holding” by 100% at the level of 0.594 dirhams, followed by “Iktib Holding” with a jump of 55.6% to the level of 0.277 dirhams, and thirdly “Ithmaar”, with its growth of 21.96% to the level of 0.311 dirhams.
On the contrary, the declines were led by “National Cement”, down 6.6% at 2.1 dirhams, then “Dubai Refreshments”, down 5.29%, to close at 16.1 dirhams, and in third place was “Amanat”, down 3.8% and closed at 1.01 dirhams.
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nationalities
In terms of trading according to nationalities in the Abu Dhabi market during the week, Gulf and foreign investors tended to buy, with a net investment of 794.3 million dirhams as a result of buying, of which 27.5 million dirhams as a result of buying from Gulf nationals, and 766.813 million dirhams as a result of buying foreigners.
On the other hand, Arab investors and citizens tended towards liquidation, with a net investment of 794.3 million dirhams, the proceeds of sale, distributed by 54.2 million dirhams, the proceeds of selling Arabs, and 740 million dirhams, the proceeds of selling citizens. In the Dubai market, Arab, Gulf and foreign investors tended to buy, with a net investment of 213.9 million dirhams as a result of buying, of which 16.4 million dirhams as a result of buying Arabs, 12.18 million dirhams as a result of buying from Gulf countries, and 185.38 million dirhams as a result of buying foreigners. On the other hand, local investors tended towards liquidation, with a net investment of 213.9 million dirhams, the proceeds of sale.
institutions
In turn, investment portfolios tended to buy in a week, with a net investment of 184.8 million dirhams, the proceeds of purchase, of which 121.4 million dirhams were the proceeds of purchase in the Dubai market, and 63.4 million dirhams the proceeds of purchase in Dubai. On the other hand, individual investors tended towards liquidation, with a net investment of 184.8 million dirhams, the proceeds of sale, distributed by 121.4 million dirhams, the proceeds of sale in Dubai, and 63.4 million dirhams, the proceeds of sale in Abu Dhabi.
