UAE stocks hold together in a volatile week

Leading shares reduced the decline in the UAE market indices during the sessions of the past week, which witnessed fluctuation in performance during the season of general assemblies, as the Abu Dhabi market declined in 5 sessions by 0.6% at the level of 9502.51 points, while the Dubai market index settled at the level of 3349.48 points. Consolidation came in the Dubai market, with “Emaar Properties” rising 2.45%, “Emirates National Dubai” 1.9%, and “Dewa” 2.9%, while “Alpha Abu Dhabi” shares rose 2.8% and “Abu Dhabi Commercial” 3.64%.

ADNOC Gas succeeded in closing at the level of 3 dirhams for the first time since its listing in the Abu Dhabi market on March 13, to close at a weekly increase of 5.26%, while the share rose by 26.6% compared to the offer price of 2.37 dirhams, and the market value reached The company has 230.25 billion dirhams. The shares gained weekly liquidity of 6.78 billion dirhams, of which 5.5 billion dirhams were in the Abu Dhabi market, and 1.28 billion dirhams in the Dubai market. This came through the implementation of 89,447 transactions.

The investment portfolios pumped a net investment of 134.4 million dirhams, the proceeds of purchase, of which 36.2 million dirhams were the proceeds of purchase in Dubai, and 98.2 million dirhams, the proceeds of purchase in Abu Dhabi.

Dubai market

The Dubai market index settled during a week at the level of 3349.48 points, supported by leading stocks in banks and real estate. In the financial sector, “Emirates NBD” rose 1.9%, “Shuaa Capital” 0.5%, and “Dubai Investments” 3.14%, compared to a decrease of “GFH” 0.8%, “Amlak” 4.7%, “Dubai Islamic” 5.6%, and Dubai Financial, 0.78%.

In real estate, “Emaar Properties” rose 2.45%, “Deyaar” 1%, in front of the decline of “Emaar Development” by 2%, “Tecom” 5.3%, and “Union Properties” 5.9%. In the utilities sector, “Dewa” rose 2.9% and “Empower” 1.25%, compared to a 0.7% decline in “Tabreed”. In the industrial sector, “Salik” increased by 0.7%, and “Gulf Navigation” increased by 10%, compared to the decline of “Air Arabia” by 6.6% and “Aramex” by 4.1%.

Abu Dhabi market

The Abu Dhabi Securities Market index declined by 0.6% weekly, at 9502.51 points, affected by the decline in the sectoral indices of financial, real estate, communications and energy stocks. In the financial sector, “Al-Alamiya Holding” decreased by 3.41%, “First Abu Dhabi” by 2.26%, “Abu Dhabi Islamic” by 2.74%, and “Multiple Play” by 2.87%, compared to the increase of “Abu Dhabi Commercial” by 3.64%.

In real estate, the shares of “Al-Dar” fell 4.6% and “Ras Al-Khaimah Real Estate” 0.34%, in front of the rise of “Ishraq” by 0.9%.
In terms of the industries sector, “Alpha Abu Dhabi” rose 2.8%, compared to the decline of “Abu Dhabi Ports” by 1.3%, and “Marine Dredging” by 19.62%, with the stability of “Arkan”.
In energy, “ADNOC Gas” rose 5.26%, “Dana Gas” 7.24%, and “ADNOC Drilling” 0.5%, compared to the decline of “ADNOC Distribution” 0.7%. In terms of other stocks, “Americana” declined 1%, “Borouge” 3%, “VirtGlobe” 0.5%, “Taqa” 1.2%, and “Data” 3.4%.

liquidity orientation

And topped the list of stocks most attracting liquidity during a week in the Abu Dhabi market, “Al-Alamiya Holding” share, with a value of 1.58 billion dirhams, closing at the level of 396 dirhams, followed by “Alpha Abu Dhabi” with a liquidity of 741.6 million dirhams, closing at the level of 22.1 dirhams, then “ADNOC Gas”. By attracting 367.8 million dirhams of liquidity, reaching a price of 3 dirhams, and fourth came «Aldar Properties» with transactions of 280 million dirhams, to close at the level of 4.56 dirhams.
“Emaar Properties” won the most trading during a week in the Dubai market, with a value of 345.2 million dirhams, closing at a level of 5.43 dirhams, and secondly, “Ajman Bank”, attracting liquidity amounting to 138.7 million dirhams and closing at a price of 1.31 dirhams, followed by “Dubai Islamic” with a liquidity of 132 million dirhams. To reach the level of 5.21 dirhams, then “Gulf Navigation”, which attracted 111 million dirhams, reaching the level of one dirham.

The highs and lows

The largest weekly increase in the Abu Dhabi market was the share of “Hayat Insurance” by 8.3%, closing at the level of 0.834 dirhams, followed by “Dana Gas”, up 7.24%, reaching the level of 0.829 dirhams, then “ADNOC Gas”, up 5.26% at the level of 3 dirhams. On the other hand, “food” recorded the largest weekly decline by 36.65%, closing at 48.4 dirhams, followed by “marine dredgers”, down 19.62% to the level of 28.02 dirhams, then “Abu Dhabi National Hotels”, down 16.37%, to a price of 4.7 dirhams.
The weekly increases in the Dubai market were led by “Ajman Bank” by 14.9%, closing at 1.31 dirhams, followed by “Gulf Navigation” with an increase of 10% to reach the price of one dirham, then “Union Coop” with a rise of 4.2% to close at 2.72 dirhams. On the other hand, the declines were led by “Ithmaar”, which fell 13.2% to the level of 0.118 dirhams, followed by “National Insurance”, down 9.3% to the level of 2.92 dirhams, then “Dar Al Takaful”, which closed down 8.3% at a price of 0.66 dirhams.

nationalities

Regarding 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 953.5 million dirhams as a result of purchases, of which 1.36 million dirhams as a result of buying Arabs, and 28.37 million dirhams as a result of buying from Gulf countries, and 923.8 million dirhams as a result of purchasing Buying citizens, and on the other hand, foreign investors tended towards liquidation, with a net investment of 953.5 million dirhams, the proceeds of sale.
In the Dubai market, Gulf and foreign investors tended to buy, with a net investment of 63.67 million dirhams as a result of purchases, of which 14.27 million dirhams as a result of buying by Gulf nationals, and 49.4 million dirhams as a result of buying foreigners. On the other hand, Arab investors and citizens tended towards liquidation, with a net investment of 63.67 million dirhams as a result of selling, distributed by 15.38 million dirhams as a result of selling Arabs, and 48.3 million dirhams as a result of selling citizens.

institutions

In turn, investment portfolios tended towards buying in a week, with a net investment of 134.4 million dirhams, the proceeds of purchase, of which 36.2 million dirhams were the proceeds of purchase in Dubai, and 98.2 million dirhams, the proceeds of purchase in Abu Dhabi. In contrast