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The UAE stock market indices closed higher during the sessions of the past week (the first weeks of July), supported by the buying appetite led by foreign investors on stocks in the real estate and banking sectors mainly, in addition to stocks with lower weights in the indices.
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The Dubai Financial Market index jumped during a week by 4.49% at the level of 3962.42 points, while the Abu Dhabi market rose by 0.5% at the level of 9604.15 points. Emirates NBD recorded an increase of 7.4% at 15.95 dirhams, and real estate stocks in the Dubai market performed well in a week, starting with Emaar Development, which rose 15.2%, Emaar Properties 7.3%, Deyaar 2.3%, and “Tecom” 4% and “Union Properties” 9.5%.
In Abu Dhabi, the shares of “Al-Dar” rose 1.77%, “Manazil” 12.66%, “Ishraq” 2.68%, and “Ras Al-Khaimah Real Estate” 5.74%.
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The rises came with an open foreign appetite for buying, as the net investments of foreigners (non-Arabs) amounted to about 287 million dirhams as a result of purchase, the share of the Dubai market of which was 224.66 million dirhams, while investment portfolios also tended towards buying, with a net investment of 340.7 million dirhams as a result of purchase, distributed by 238 million dirhams of purchase proceeds in Dubai, and 102.6 million dirhams of purchase proceeds in Abu Dhabi.
The shares attracted a weekly liquidity of 9.2 billion dirhams, of which 5.73 billion dirhams were in the Abu Dhabi market, and 3.47 billion dirhams in the Dubai market. This came through the execution of 155,544 transactions.
Dubai market
The Dubai market index jumped during a week by 4.49% to the level of 3962.42 points, boosted by the gains of real estate, banking, industry and utilities stocks.
In the financial sector, “Dubai Islamic” rose 0.5%, “Dubai Financial Market” 4.6%, “Emirates NBD” 7.4%, and “GFH” 2.83%, compared to a decline in “Shuaa” by 0.79% and “Amlak” by 1.2%.
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And in the industrial sector, “Air Arabia” increased by 5.78%, “Aramex” by 3.9%, and “Dubai Investments” by 6.4%, compared to a decrease by “Gulf Navigation” by 1.4% and “Salik” by 0.3%.
In real estate, “Emaar Development” shares jumped 15.2%, “Emaar Properties” 7.3%, “Deyaar” 2.3%, “Tecom” 4%, and “Union Properties” 9.5%. In utilities, “Dewa” increased by 2.67%, “Empower” by 6.66%, and “Tabreed” by 1%.
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Abu Dhabi market
The Abu Dhabi Securities Market index recorded a weekly increase of 0.5% at the level of 9604.15 points, boosting stock gains in the financial, real estate, energy and industry sectors.
In the financial sector, “Al-Alamiya Holding” rose 0.25%, “First Abu Dhabi” 0.73%, “Abu Dhabi Islamic” 1.13%, and “Multiple Play” 5.06%, with the stability of “Abu Dhabi Commercial”.
In the industrial sector, “ADNOC Supply” rose 6.21%, “Alpha Abu Dhabi” 1.34%, “Marine Dredging” 1.95%, “Abu Dhabi Ports” 1.09%, and “Amstill” 7.75%. In the energy sector, “ADNOC Gas” rose 3.25%, “ADNOC Drilling” 3.37%, “ADNOC Distribution” 1.54%, and “Dana Gas” 4.53%.
On the other hand, in the telecom sector, “E&” shares fell 1.34%, compared to a 1.96% increase in “Yahsat”.
In terms of real estate shares, “Al-Dar” rose 1.77%, “Manazil” 12.66%, “Ishraq” 2.68%, and “Ras Al-Khaimah Real Estate” 5.74%.
Shares of “Invictus Investment” rose 12.64%, “Bayanat” 3.41%, “Response Plus” 6.88%, and “Abu Dhabi Hotels” 24%. Against the decline of Americana «6.62%.
liquidity orientation
The list of the most heavily traded stocks in the Abu Dhabi market during the week was issued by “International Holding” at 1.04 billion dirhams, closing at 395 dirhams, followed by “Alpha Abu Dhabi” with transactions amounting to 607.45 million dirhams, to close at 21.2 dirhams, then “Multiplay” by attracting 432.8 million. dirhams, and its price closed at the level of 3.32 dirhams, and “ADNOC Supply” attracted 347.5 million dirhams of liquidity, reaching 3.25 dirhams.
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In terms of the Dubai market’s weekly trading, the share of “Emaar Properties” topped at a value of 453.3 million dirhams, closing at a level of 6.88 dirhams, followed by “Union Properties” with a liquidity of 365.7 million dirhams, reaching a price of 0.367 dirhams, then “Dubai Islamic” with transactions amounting to 304.7 million dirhams, to close. At a price of 5.5 dirhams, and fourth came Emirates NBD, whose price closed at 15.95 dirhams, with a liquidity of 299.85 million dirhams.
The highs and lows
And regarding the shares that rose the most in the Abu Dhabi market during a week, it was led by “Hayat Insurance”, which increased by 25%, closing at the level of 1.65 dirhams, followed by “Abu Dhabi National Hotels”, which rose 24% to the level of 6.55 dirhams, then “Ipex Investments”, which increased by 20.88% to the level of 6.55 dirhams. level of 2.2 dirhams.
On the other hand, the declines were led by “Aram”, down 17.33%, to close at 1.86 dirhams, followed by “Gulf Cement”, down 14.17%, and closed at 0.436 dirhams, then “Commercial International Bank”, down 9.93%, to 0.626 dirhams.
And it was at the forefront of the highest gainers in the Dubai market during the week, «Emirates Refreshments» by 24.7%, closing at 3.98 dirhams, followed by «Emaar Development», by 15.2%, to 6.66 dirhams, then «Mashreq Bank», by 12.5%, at 157.5 dirhams.
On the other hand, “Istake” recorded the largest decline by 7.23%, closing at 0.295 dirhams, followed by “Ithmaar Holding”, down 6.45% to the level of 0.29 dirhams, then “Education Holding”, down 4.95%, to reach the level of 3.84 dirhams.
nationalities
With regard to trading by nationalities in the Abu Dhabi market during the week, Arab, Gulf and foreign investors tended to buy, with a net investment of 277.85 million dirhams as a result of purchases, of which 35 million dirhams as a result of buying Arabs, and 180.5 million dirhams as a result of buying from Gulf countries, and 62.29 million dirhams as a result of buying. The proceeds of buying foreigners, and on the other hand, local investors tended towards liquidation, with a net investment of 277.85 million dirhams, the proceeds of selling.
In the Dubai market, Gulf and foreign investors tended to buy, with a net investment of 265 million dirhams as a result of purchases, of which 40.3 million dirhams as a result of Gulf purchases, and 224.66 million dirhams as a result of evil.
