Media ININ Economy We Trust
26 Aug
Foreign investment strengthened its acquisition of Emirati stocks during the week, with a net investment of 244.7 million dirhams, the proceeds of purchases, of which 221.4 million dirhams were in Dubai. Market closures varied during the week, with a liquidity of 7.82 billion dirhams, an increase of 1.2% in the Dubai Financial Market, with the support of “Emaar Properties” and “Emirates NBD”, amid a slight decline in the Abu Dhabi market by 0.36%, under pressure from the decline of leaders, especially The “A&E” stock, despite the selective rise in the various sectors.
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The Dubai Financial Market index achieved a weekly rise of 1.2%, equivalent to 49 points, to close at 4099.49 points, giving up its highest level during the week’s sessions, in which it reached 4115.5 points, but it is still at its highest level since August 2015.
The general index of the market recorded slight consecutive increases, with the exception of the weekend session, when the index declined by 0.17%, which broke the series of market increases that lasted for 6 consecutive sessions.
Dubai companies attracted a weekly liquidity of 2.22 billion dirhams, with a circulation of 1.15 billion shares, through 45,647 trading transactions.
The market received strong support from the rises recorded by sectoral indices such as consumer goods by 8%, real estate by 2.2%, industries by 1.8%, and the financial sector by 1%.
The Emirates NBD share attracted strong liquidity amounting to 389 million dirhams, and the share rose, by 2%, to 17.25 dirhams, and “Mashreq Bank” rose 5.3%, to 150 dirhams. The share of “Ajman Bank” rose 1.66% to 2.45 dirhams, with a circulation of 276.2 million dirhams, and “Amlak” rose 1.6% to 0.884 dirhams, and “Dubai Islamic” 0.53% to 5.68 dirhams, with a value of 104 million dirhams.
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“Aman” shares declined by the largest weekly rate, amounting to 10.4%, “Dubai Commercial” 2%, “Shuaa” 2.5%, and “Takaful Emirates” 2.1%.
In the industries sector, the share of “Air Arabia” rose 5% to 2.94 dirhams, with a circulation of 69 million dirhams, and “Dubai Investments” rose 2% to 2.48 dirhams, and “Salik” rose 0.6% to 3.35 dirhams, while “Aramex” declined 3.7% to 2.59 dirhams, and «Gulf Navigation» 0.6% to 7.08 dirhams, with a circulation of 156 million dirhams.
In the real estate sector, the share of “Emaar Properties” rose 1.77% to 6.9 dirhams, but gave up its weekly gains, which it recorded above 7 dirhams, with a circulation of 392 million dirhams, and “Union Properties” rose 5.7% to 0.41 dirhams, with a circulation of 180 million dirhams. And “Emaar Development” 2.55% to 6.43 dirhams, and “Tecom” 3.5% to 2.65 dirhams.
“Tabreed” rose by a strong rate, which is the highest among companies, during the week, by 11.2% to 3.67 dirhams, with a circulation of 42 million dirhams, amid a 1.9% decline in “Dewa” to 2.56 dirhams, and “Empower” 1.6% to 1.83 dirhams.
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The share of «Emirates Reem Investments» recorded the second highest increase in Dubai, by 8%, to 4.46 dirhams, and «Union Coop» rose 0.8%, to 2.64 dirhams.
The share of “Al-Firdous” recorded the second largest decline, in a week, by 4.3%, to 0.583 dirhams, and “Teaching Holding” by 0.5%, to 4.19 dirhams.
Abu Dhabi market
The Abu Dhabi Stock Exchange Index, “Fadji”, declined by 0.36%, equivalent to 35.3 points, to close at the level of 9765.37 points, giving up the level of 9800 points, amid a decline of 4 out of 5 sessions during the week.
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The market landed in the red zone, affected by pressures from the decline in the industrial sector by 1.2%, “energy” by 0.66%, and “communications” by 6%, amid a strong rise in the health care sector by 6.5%, “real estate” by 3.7%, and “commodities”. Consumption »1.12%, and «utilities» 0.89%.
The Abu Dhabi market liquidity amounted to about 5.6 billion dirhams, with a circulation of 1.26 billion shares, which were executed through 77,991 trading transactions. The share of “Multiplay” rose 12.3% to 4 dirhams, with a circulation of 991.8 million dirhams, as the second most traded company in the market, and the third largest company with a rise in terms of percentage.
The share of “Al-Alamiya Holding” improved by a slight rate of 0.02%, to close at 400.7 dirhams, topping the market’s trading with more than one billion dirhams.
“First Abu Dhabi” recorded a weekly decline of 0.3% to 13.9 dirhams, with a circulation of 194 million dirhams, and “Abu Dhabi Commercial” decreased 1.7% to 8.6 dirhams, and “Abu Dhabi Islamic” 0.9% to 10.68 dirhams.
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The share of “Umm Al Quwain Investments” topped the list of companies gaining the most in the market by 22.5% to 1.25 dirhams, followed by “Waha Capital” by 20.3% to 1.72 dirhams, and “Emirates Insurance” rose 11%, and “Al Wathba Insurance” 5%.
Al-Ahmar dominated the closures of the industries sector, with the exception of “marine dredging”, which rose 0.6% to 21 dirhams, and “Bildco” by 5.3% to 0.379 dirhams.
“Alpha Abu Dhabi” declined 1.5% to 19.82 dirhams, with a circulation of 592 million dirhams, “ADNOC Supply” 1% to 3.73 dirhams, “Shipbuilding” 6.5%, “Ras Al Khaimah White Cement and Construction Materials” 5.2%, and “Sharjah Cement and Industrial Development »7.1%.
The “A &” group’s shares fell by 6%, to close at 20 dirhams, with a turnover of 157 million dirhams.
The share of “TAQA” increased by 0.9% to 3.4 dirhams, with a circulation of 52 million dirhams.
The share of «Americana Restaurants» rose during the week, by 3.4%, to 4.23 dirhams, with a circulation of 72 million dirhams, while the share of the «National Corporation for Tourism and Hotels» fell by 12%, to 3.08 dirhams.
The share of «Burjeel Holding» rose by 8.9% to 2.82 dirhams, with a circulation of 73 million dirhams.
The share of «Aldar Properties» rose 4.7% to 5.36 dirhams, with a circulation of 193 million dirhams, and the share of «Ras Al Khaimah Real Estate» declined 1.6%, to 1.2 dirhams, with a circulation of 132 million dirhams.
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The share of “ADNOC Gas” declined by 2.7% to 3.52 dirhams, and “ADNOC Distribution” by 1.3% to 3.82 dirhams. .
Among the private companies, the share of «Q Holding» increased by 0.8% to 3.76 dirhams, with a circulation of 404 million dirhams.
nationalities
Trading data by nationalities showed that non-Arab foreign investors tended to buy in the two markets during the week, recording a purchase proceeds of about 23.3 million dinars.
