Bank stocks hold steady against market indices in a volatile week

UAE stock indices held steady in a week that witnessed selective purchases of shares in the financial, real estate and industrial sectors, interspersed with profit-taking operations, with the Dubai market index maintaining the level of 4164.61 points with a slight increase in five sessions by 0.02%, while the Abu Dhabi market contented itself with a decline of 0.3%. To 9756.43 points.

 

 

 

 

 

 

 

Many stocks maintained good levels of support, especially “Emaar Properties”, whose price recorded 7.79 dirhams, despite its decline of 3.1% in a week, while “Emaar Development” rose 3.28% at a price of 7.23 dirhams, and “Emirates NBD” 1.4 % at the level of 18.05 dirhams.

 

 

 

 

 

 

 

In Abu Dhabi, “Abu Dhabi Commercial” shares rose 1.27% to 8.76 dirhams, “First Abu Dhabi” shares rose 1.18% to 13.76 dirhams, and “International Holding” shares rose 0.05%.

 

 

 

 

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The weekly liquidity of shares recorded 7.74 billion dirhams, including 5 billion dirhams in the Abu Dhabi market, and 2.74 billion dirhams in the Dubai market, and the traded quantities of shares were about two billion shares, distributed by 1.25 billion shares in Dubai, and 848.3 million shares in Abu Dhabi. This was done by executing 118.78 thousand transactions.

 

 

 

 

The Dubai market rose, within a week, by 0.02% to 4,164.61 points, with varying performance of stocks in various sectors, especially real estate and finance.

 

 

 

 

In the financial sector, “Emirates NBD” rose 1.4% and “Dubai Financial” rose 3.15%, compared to the decline of “Dubai Islamic” 1%, “GFH” 0.9%, “Shuaa Capital” 1.7%, and “Amlak” 2.4%.

 

 

 

 

In real estate, “Emaar Properties” decreased by 3.1% and “Deyaar” by 1.9%, compared to an increase in “Emaar Development” by 3.28%, “Tecom” by 1%, and “Union Properties” by 1%.

 

 

 

 

In industry, “Aramex” rose by 11.16%, “Dubai Investments” by 0.8%, and “SALIC” by 0.3%, compared to declines by “Air Arabia” by 0.35% and “Gulf Navigation” by 0.5%.

 

 

 

 

The utility “Cool Cooling” rose by 0.5%, compared to a decline in “Empower” by 0.5%, and “Empower” remained unchanged.

 

 

 

 

Abu Dhabi Market

 

 

 

 

The Abu Dhabi market index fell during the week by 0.3% to the level of 9756.43 points, affected by the decline in real estate, energy, industry and communications stocks.

 

 

 

 

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In the real estate sector, “Ras Al Khaimah Properties” decreased by 1.72%, “Ishraq” by 1.18%, and “Manazel” by 0.51%, compared to an increase in “Aldar” by 0.87%.

 

 

 

 

Among the banks, “Abu Dhabi Commercial” rose by 1.27%, “First Abu Dhabi” by 1.18%, and “International Holding” by 0.05%, compared to the decline of “Abu Dhabi Islamic” by 0.18% and “Multiplay” by 2.25%.

 

 

 

 

In terms of communications, “E&” decreased 3% and “Yahsat” decreased 0.37%.

 

 

 

 

In the industry, “Alpha Dhabi” rose by 0.8% and “Marine Dredgers” by 7.12%, compared to the decline of “ADNOC Logistics” by 0.27%, and the stability of “Emirates Steel-Arkan”.

 

 

 

 

In energy stocks, “ADNOC Distribution” fell by 2.67%, “ADNOC Gas” by 4.31%, and “Dana Gas” by 0.1%, with “ADNOC Drilling” stable.

 

 

 

 

Liquidity orientation

 

 

 

 

The list of stocks that attracted the most liquidity in a week on the Abu Dhabi market was topped by “International Holding” with 1.14 billion dirhams, closing at the level of 400.8 dirhams, followed by “Alpha Dhabi” with liquidity of 566.7 million dirhams, reaching a price of 20.18 dirhams, then “Multiplay” which attracted 414.3 million dirhams. dirham, closing at the level of 3.91 dirhams, and fourthly, “Aldar Properties”, attracting 350.4 million dirhams, reaching a price of 5.81 dirhams. Weekly trading in the Dubai market focused on “Emaar Properties” stock with a value of 913.6 million dirhams, closing at 7.79 dirhams, followed by “Gulf Navigation” with liquidity of 285.5 million dirhams, reaching a price of 7.36 dirhams, then “Emirates NBD” with liquidity of 173.37 million dirhams, closing at 18.05 dirhams, and fourth was “Dubai Islamic” with trades of 157.6 million dirhams, reaching a price of 5.79 dirhams.

 

 

 

 

Highs and lows

 

 

 

 

The highest weekly rise in the capital market was recorded by Bank of Sharjah shares by 37.74% to the level of 0.73 dirhams, followed by “ADC-Issuances” with a rise of 14% to the level of 3.33 dirhams, then “Aram Group” with an increase of 12.89% to close at 3.24 dirhams.

 

 

 

 

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On the other hand, “Fujairah Cement” recorded the largest decline of 20.92%, closing at the level of 0.31 dirhams, then “Gulf Cement” with a decline of 11.68% to the level of 0.378 dirhams, followed by “Abu Dhabi National Takaful” with a decline of 9.48% to the level of 7.35 dirhams.

 

 

 

 

“Aramex” recorded the largest increase in the Dubai market by 11.16% to the level of 2.39 dirhams, followed by “Wataniya Holding” with a rise of 3.47% to the level of 0.627 dirhams, then “Emaar Development” with a rise of 3.28% to close at 7.23 dirhams.

 

 

 

 

On the other hand, “Al-Frouds” recorded the largest decline of 12.4% to the level of 0.408 dirhams, followed by “Scandinavian Insurance” with a decrease of 9.7% to the level of 0.82 dirhams, then “Salama” with a decrease of 6.16% to the level of 0.625 dirhams.

 

 

 

 

Nationalities

 

 

 

 

Regarding trades by nationalities in the Abu Dhabi market during the week, Arab, Gulf and foreign investors tended to buy, with a net investment of 180.7 million dirhams as a result of purchases, of which 21.5 million dirhams were the result of purchases by Arabs, 6.6 million dirhams were the result of purchases by Gulf citizens, and 152.58 million dirhams were the result of purchases. Foreigners, on the other hand, moved towards liquidation with a net investment of 180.7 million dirhams as a result of the sale.

 

In the Dubai market, Gulf investors and citizens tended to buy, with a net investment of 544.6 million dirhams as a result of purchases, including 258.12 million dirhams as a result of purchases by Gulf citizens, and 286.47 million dirhams as a result of purchases by citizens.

 

 

 

 

On the other hand, Arab and foreign investors moved towards liquidation, with a net investment of 544.6 million dirhams as the proceeds of sales, of which 175.2 million dirhams were the proceeds of sales by Arabs, and 370 million dirhams were the proceeds of sales by foreigners.

 

Institutions

 

The performance of investment portfolios that tended toward purchasing in the Abu Dhabi market varied, with a net investment of 39.5 million dirhams as a result of a purchase, while they tended toward liquidation in the Dubai market, with a net investment of 37.5 million dirhams as a result of a sale. On the other hand, individual investors tended towards buying in the Dubai market, with a net investment of 37.5 million dirhams as a result of the purchase, while they tended towards liquidation in the Abu Dhabi market, with a net investment of 39.5 million dirhams as a result of the sale.