Strong increases for “TAQA” and “Ajman Bank” pierce the decline in stocks. Large deals on “Invictus Investment” raise liquidity to 3 billion dirhams

UAE stocks ended the session, Tuesday, in decline, with a new decline in the Abu Dhabi market index by 0.7% to the level of 10374 points, while the Dubai market index fell 0.35% at 3339 points.

A strong liquidity flowed into stocks at a value of 3.1 billion dirhams, of which 2.62 billion dirhams were in the Abu Dhabi market, and 480 million dirhams in the Dubai market, while the traded quantities of shares recorded 828.76 million shares, distributed by 525.5 million shares in Abu Dhabi, and 303.26 million shares. shares in Dubai.

Liquidity was enhanced after the share of the Invictus Investment Company witnessed the execution of 3 large deals worth one billion dirhams, on 250 million shares, at a price of 4 dirhams per share, and the share witnessed an increase at the end of the session by 7.31%, to reach a price of 4.11 dirhams.

Strong liquidity poured into the “TAQA” share, at a value of 182.75 million dirhams, so that the share jumped 9.43% at a price of 3.83 dirhams. In terms of other stocks, “Salik” shares rose 0.42% to 2.35 dirhams, attracting transactions of 29.4 million dirhams.

Abu Dhabi market

The decline in the Abu Dhabi market index came as a result of the decline in stocks in the financial, industrial, real estate and energy sectors. In banks, “First Abu Dhabi” declined 1.72%, “Abu Dhabi Commercial” 2.15%, “Abu Dhabi Islamic” 1.69%, and “Al-Alamiah Holding” 0.12%, while “Multiple Play” rose 0.6%.

In real estate, “Al-Dar” declined 1.95% and “Ishraq” 0.83%, compared to an increase in “Ras Al-Khaimah Real Estate” by 0.42%. In the telecommunications sector, “A&” shares declined by 0.4%, compared to a rise of “Yahsat” by 0.75%. It decreased in industries, “Alpha Abu Dhabi” by 0.9%, and “Abu Dhabi Ports” by 0.34%, compared to an increase in “Arkan” by 3.24%, and “Marine Dredging” by 0.54%.

Energy stocks varied, with “ADNOC Distribution” rising 1.1%, “ADNOC Drilling” falling 1.54% and “Dana Gas” 0.55%. This came with the rise in the share of «Bayanat» 2.54%, and «Ipex Investment» 3%.

Dubai market

In turn, the Dubai market index was affected by the decline in the sectoral indices of financial services, industry, utilities, commodities and communications. In financial services, “Dubai Islamic” declined 0.86%, “Dubai Financial” 2.36%, “Emirates National Dubai” 0.76%, and “GFH” 0.62%, compared to the rise of “Amlak” by 2.2% and the stability of “Shuaa Capital”.

In terms of real estate shares, “Emaar Properties” rose by 0.8%, “Deyaar” by 0.19%, and “Tecom” by 0.43%, compared to the decline of “Emaar Development” by 0.48% and “Union Properties” by 2.15%.

It decreased in utilities, “Dewa” by 0.42%, “Empower” by 2.15%, and “Tabreed” by 1.35%. In the industry, “Aramex” shares fell 1.09% and “Dubai Investments” 1.8%, in front of the rise of “Gulf Navigation” by 1.25% and the stability of “Air Arabia”.

liquidity orientation

The liquidity of shares in the Abu Dhabi market focused on “Invictus Investments”, followed by “Al-Alamiah Holding” with a value of 252 million dirhams, closing at a price of 406.5 dirhams, followed by “Multiplay” with transactions of 230.9 million dirhams, reaching the level of 5 dirhams, then “Alpha Abu Dhabi” with a liquidity of 184. 5 million dirhams, down to a price of 26.5 dirhams.

In the Dubai market, liquidity concentrated on “Emaar Properties” with a value of 102.67 million dirhams, closing at a price of 6.24 dirhams, followed by “Dubai Islamic” with a liquidity of 98.1 million dirhams, reaching a price of 5.74 dirhams, then “Ajman Bank” and fourthly, “Salik”.

The share of “Foodco” recorded the most increase in the Abu Dhabi market, by 14.81%, to close at 1.55 dirhams, while “Rapco” recorded the most decline by 10%, to the level of 1.53 dirhams. The rises in the Dubai market were led by “Ajman Bank”, while the declines were led by “Aman” by 3.47%, at a price of 0.888 dirhams.

nationalities

Regarding trading by nationalities in the Abu Dhabi market, foreign investors tended to buy, with a net investment of 108.43 million dirhams as a result of purchase, and in return, Arab and Gulf investors and citizens tended towards liquidation, with a net investment of 108.43 million dirhams as a result of selling, of which 57.7 million dirhams as a result of selling Arabs. And 17.63 million dirhams are the proceeds from the sale of Gulf nationals, and 33 million dirhams are the proceeds from the sale of citizens.

In the Dubai market, Gulf investors tended to buy, with a net investment of 18.3 million dirhams, the proceeds of purchase. One million dirhams from the sale of foreigners, and 921.46 thousand dirhams from the sale of citizens.

institutions

In turn, investment portfolios tended towards liquidation, with a net investment amounting to 90.87 million dirhams, the proceeds of sale, of which 1.65 million dirhams were the proceeds of sale in Dubai, and 89.2 million dirhams were the proceeds of sale in Abu Dhabi. On the other hand, individual investors tended to buy, with a net investment of 90.87 million dirhams, the proceeds of purchase, of which 1.65 million dirhams were the proceeds of purchase in Dubai, and 89.2 million dirhams, the proceeds of purchase in Abu Dhabi.