Media ININ Economy We Trust
September 16
Local stock markets achieved gains exceeding 41 billion dirhams in a week, supported by intense purchasing operations on leading stocks.
The market capitalization of listed shares rose from 3.51 trillion dirhams at the end of the Friday session before last to 3.55 trillion dirhams at the end of yesterday’s session, distributed by 2.87 trillion dirhams for shares listed on the Abu Dhabi Securities Market and 686.5 billion dirhams for shares listed on the Dubai Stock Exchange.
The shares attracted liquidity in 5 sessions of approximately 9 billion dirhams, distributed by 5.8 billion dirhams in the Abu Dhabi market, and 3.2 billion dirhams in the Dubai market, after trading 1.95 billion shares, through the implementation of more than 113.5 thousand transactions.
During the week, Emirates NBD shares topped Dubai Financial Market trading, recording liquidity of about 1.87 billion dirhams, followed by “Emaar Properties” with liquidity of 361.7 million dirhams.
During the week, Emirates NBD shares rose 3.5%, Al Ramz 3%, Aman 2.4%, Emaar Development 1.7%, Emirates Takaful 1.2%, Dubai Islamic increased 1%, Empower 1%, and Emaar Properties 0.7%.
In the Abu Dhabi market, shares of Umm Al Quwain General Investments rose 13.6%, Food Holding 11%, Marine Dredging 10.9%, Easy Lease 8.5%, and Burjeel Holding 7%, during 5 sessions.
Al-Sir Equipment increased by 6.5%, Sharjah Cement by 6.3%, Al-Waha Capital by 6.3%, E&B by 4.86%, United Arab Bank by 3.7%, Ras Al Khaimah Ceramics by 3.6%, First Abu Dhabi by 3.1%, Abu Dhabi Commercial Bank by 2.8%, Taqa by 2.65%, and Aldar Properties. 2.6%.
At the trading level yesterday, the Dubai market index rose by 0.23% in yesterday’s trading, the last session of the week, with the support of the “Emirates NBD” stock, which rose 2.7%, to account for 81.3% of the total market liquidity, and the public utilities sector topped the sectors’ increases by 0. 8%, followed by the communications sector 0.56%, finance 0.55%, and real estate 0.15%.
The Dubai Financial Market achieved gains of about 3.45 billion dirhams in yesterday’s session, supported by intense purchasing operations on leading stocks. The market capitalization of Dubai’s listed shares rose from 683.1 billion dirhams in the session the day before yesterday, reaching 686.55 billion dirhams at the end of yesterday’s session.
During the session, Al Ramz Corporation shares rose 2%, Wataniya International 1.7%, Emaar Development 1.4%, Dewa 1.2%, and Empower 1%.
“Emirates NBD” accounted for the largest share of Dubai market liquidity for the third session in a row, at about 1.54 billion dirhams, closing at 17.35 dirhams, followed by “Emaar Properties” with liquidity of 97.14 million dirhams, then “Aramex” attracting 31.8 million dirhams.
Non-Arab foreign investors tended to buy in the Dubai market with a net investment of 210.4 million dirhams during yesterday’s session, after purchases worth 1.68 billion dirhams, compared to sales of about 1.47 billion dirhams. The FTSE Abu Dhabi General Market Index (FADGI) rose by 0.86% to the level of 9880.46 points, during yesterday’s session.
“International Holding” topped the activity in the Abu Dhabi market with the largest share of total trading with liquidity of 228.4 million dirhams during the session, followed by “Multiplay” attracting 142.7 million dirhams, then “Alpha Dhabi Holding” with liquidity of 124.8 million dirhams.
During the session, the shares of ADC Corporation rose by a maximum of 14.8%, Umm Al Quwain General Investments by 12.7%, Sharjah Cement by 7%, Al-Sir Equipment by 6.9%, and National Foodco by 6.2%. During yesterday’s session, local stocks recorded liquidity exceeding 3.4 billion dirhams, distributed by 1.5 billion dirhams in the Abu Dhabi market, and 1.9 billion dirhams in the Dubai market.
