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UAE stocks recorded strong increases in April, with the Dubai market index rising 4% to the level of 3544.79 points (at the highest level in a year since May 10, 2022), while the Abu Dhabi market index rose 3.8% to the level of 9789.17 points (at the highest level). level since March 10, 2023), amid institutional pumping of 908 million dirhams as purchase proceeds.
Stock gains were reinforced by the support of the strong results of bank shares, with “Dubai Islamic” rising 6.3%, “Emirates National Dubai” 7.2%, “Ajman Bank” 14.68%, “First Abu Dhabi” 10.09%, “Abu Dhabi Commercial” 6.27% and “ Abu Dhabi Islamic » 13.83%.
The shares gained a monthly liquidity of 26.6 billion dirhams, of which 20.6 billion dirhams were in the Abu Dhabi market, and 6 billion dirhams in the Dubai market. Through the execution of 332.7 thousand transactions.
At the end of the last April sessions, the market value of the markets reached 3.42 trillion dirhams, of which 2.8 trillion dirhams were in the Abu Dhabi market, and 621.1 billion dirhams in the Dubai market.
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Dubai market
In detail, the Dubai Financial Market index recorded a monthly increase of 4% at the level of 3544.79 points, due to the rise in the sectoral indices of real estate, financial, utilities and industry shares.
In the financial sector, “Amlak” rose 29%, “Dubai Islamic” 6.3%, “Dubai Financial” 18.1%, “Dubai Investments” 6.5%, “Emirates NBD” 7.2%, and “Ajman Bank” 14.68%, compared to the decline of « SHUAA Capital 2.2% and GFH 2.6%
In the real estate sector, the shares of “Emaar Properties” increased by 5.9%, “Deyaar” by 10.2%, “Tecom” by 1.68%, and “Union Properties” by 12.12%, with the stability of “Emaar Development”.
And in the industrial sector, “Air Arabia” rose 3.3%, “Gulf Navigation” 3.47%, and “Salik” 3.46%, compared to the decline of “Aramex” 0.6%. In utilities, “Dewa” shares fell 0.8%, “Empower” 1.7%, and “Tabreed” 2.3%.
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Abu Dhabi market
The Abu Dhabi market index rose by 3.8%, at 9789.17 points, during the month of April of this year, with the rise in the sectoral indices of financial, real estate, industry and energy stocks.
In the financial sector, “First Abu Dhabi” rose 10.09%, “Abu Dhabi Commercial” 6.27%, “Abu Dhabi Islamic” 13.83%, and “Multiple Play” 3.7%, compared to the decline of “Al Alamiah Holding” by 0.25%.
In the industries sector, “Alpha Abu Dhabi” declined 0.45% and “Marine Dredging” 2%, compared to an increase in “Abu Dhabi Ports” by 9.08% and “Arkan” by 15.79%.
In real estate, the shares of “Al-Dar” rose 16.13%, “Ras Al-Khaimah Real Estate” 6.35%, “Manzels” 8.57%, and “Ishraq” 11.16%.
It also increased in the energy sector, “ADNOC Gas” by 7%, “ADNOC Distribution” by 5%, “Dana Gas” by 9.7%, and “ADNOC Drilling” by 8.6%.
In communications, “A&” shares rose 8.79%, compared to “Yahsat” falling 3.38%. Borouge shares rose 2.7%, Bayanat 17.7%, and Americana 2.9%.
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liquidity orientation
And topped the list of the most traded stocks during April in the Abu Dhabi market, “Al-Alamiya Holding” with a value of 4.9 billion dirhams, closing at the level of 395 dirhams, followed by “Alpha Abu Dhabi” with a liquidity of 2.14 million dirhams, reaching a price of 22 dirhams, then “Multiplay” by attracting 1.2 billion. Dirhams, reaching the level of 3.36 dirhams, and fourth came «Aldar Properties» with a liquidity of 1.17 billion dirhams, closing at 5.4 dirhams.
The share of “Emaar Properties” was the most heavily traded in the Dubai market by attracting 1.37 billion dirhams, closing at 5.93 dirhams, followed by “Ajman Bank”, with transactions of 526.23 million dirhams, reaching a price of 1.64 dirhams, and thirdly, the share of “Emirates NBD” came with a liquidity of 427.17. One million dirhams, reaching the price of 14.1 dirhams, and fourthly, “Dubai Islamic”, with transactions amounting to 524.86 million dirhams, and closed at the level of 5.56 dirhams.
The highs and lows
The highest rise during the month of April in the Abu Dhabi market was recorded by “United Arab” by 43.75%, closing at 1.15 dirhams, followed by “Methaq”, up 24% to the level of 0.707 dirhams, and thirdly, “Easy Lease”, by 20.75%, to close at 32 dirhams. .
On the other hand, “Foodco” recorded the largest decline by 34.8%, closing at 1.63 dirhams, followed by “Umm Al Quwain Bank”, down 13.37% to the level of 1.49 dirhams, then “Sudatel”, down 11.56% to the level of 0.352 dirhams.
The highest rise in the Dubai market was recorded by “Amlak”, rising 29% to the level of 0.846 dirhams, followed by “Ithmaar” by 27.4%, closing at the level of 0.158 dirhams, then “Al-Furuds Holding”, which rose 26% to the level of 0.155 dirhams.
On the other hand, the declines were led by “Aman”, down 11% to the level of 0.745 dirhams, followed by “Peace Sudan”, down 7.47% at 0.99 dirhams, then “Amanat”, down 6.14% at 0.901 dirhams.
nationalities
Regarding trading according to nationalities in the Abu Dhabi market during April, Gulf investors and citizens tended to buy, with a net investment of 3.27 billion dirhams, the proceeds of purchases, of which 517.78 million dirhams were the proceeds of purchases from the Gulf, and 2.75 billion dirhams were the proceeds of purchases by citizens.
On the other hand, Arab and foreign investors tended towards liquidation, with a net investment of 3.27 billion dirhams, the proceeds of sale, distributed by 26.36 million dirhams, the proceeds of selling Arabs, and 3.24 billion dirhams, the proceeds of selling foreigners.
In the Dubai market, Gulf and foreign investors tended to buy, with a net investment of 428.1 million dirhams as a result of purchases, of which 209.34 million dirhams as a result of buying from Gulf countries, and 218.7 million dirhams as a result of buying foreigners.
On the other hand, Arab investors and citizens tended towards liquidation, with a net investment of 428.1 million dirhams, the proceeds of sale, distributed by 35.4 million dirhams, the proceeds of selling Arabs, and 392.7 million dirhams, the proceeds of selling citizens.
institutions
In turn, investment portfolios tended towards buying, with a net investment of 908.64 million dirhams, the proceeds of purchase, of which 321.56 million dirhams were the proceeds of purchase in Dubai, and 587 million dirhams, the proceeds of purchase in Abu Dhabi.
On the other hand, individual investors tended towards liquidation, with a net investment of 908.64 million dirhams, the proceeds of sale, distributed by 321.5 million dirhams.
