2.3% gains in the Dubai index in Ramadan, and the Abu Dhabi market rose 0.3%

The UAE stock indices recorded important breakthroughs during the holy month of Ramadan, with relatively good liquidity and remarkable activity by investment portfolios, and on the impact of the rise in shares that were stagnant over the past sessions.

The Dubai market index rose during Ramadan by 2.3% at the level of 3471 points, while the Abu Dhabi market index increased by 0.31% to 9633.78 points.

The total liquidity in the holy month reached 28.54 billion dirhams, of which 22.94 billion dirhams were in the Abu Dhabi market, and 5.6 billion dirhams in the Dubai market, and the traded volumes of shares amounted to 6.95 billion shares, distributed by 2.95 billion shares in Dubai, and 4 billion shares in Abu Dhabi. This came through the implementation of about 360 thousand deals.
The net institutional investment during the month of Ramadan amounted to 910.8 million dirhams in the proceeds of purchase, of which 611 million dirhams in the proceeds of purchase in the Abu Dhabi market, and 299.7 million dirhams in the proceeds of purchase in Abu Dhabi.

Wednesday session

In the last session before the Eid al-Fitr holiday, the Abu Dhabi market index fell marginally by 0.04% at the level of 9633.78 points, while the Dubai market index fell 1.16% at the level of 3471 points, giving up the technical support level of 3500 points.

Contributing to the cohesion of the Abu Dhabi market index, the rise of the “International Holding” share by 0.63% at the level of 397.5 million dirhams, and “Al-Dar” by 1.72% at the price of 5.33 dirhams, and “Abu Dhabi Commercial” by 0.93%.
In Dubai, the market index was affected by the decline of the “Emaar Properties” share by 1.47%, closing at 6 dirhams, and the share of “Dubai Islamic” fell 1.3% to 5.32 dirhams, and “Dewa” 5.18% to 2.38 dirhams (the expiry of the right to cash distribution of the share), And “Emaar Development” 1% at 5.88 dirhams, and “Emirates NBD” 0.37% at 13.2 dirhams. On the other hand, the share of «Ajman Bank» jumped 7.6% at a price of 1.69 dirhams, with a liquidity of 52.2 million dirhams.
The shares recorded a total liquidity of 1.5 billion dirhams, of which 1.1 billion dirhams were in the Abu Dhabi market, and 413.5 million dirhams, and the traded quantities of shares amounted to 375.9 million shares, distributed by 182.3 million shares in Dubai, and 193.6 million shares in Abu Dhabi.
The share prices of 37 companies increased, while the share prices of 53 companies declined, and this came through the execution of 17,955 transactions.

Abu Dhabi market

The Abu Dhabi market index declined marginally due to the decline in stocks in the financial, energy and telecommunications sectors
In the financial sector, “First Abu Dhabi” decreased by 0.6%, compared to an increase in “Abu Dhabi Islamic” and “Multiplay” by 0.95%.
In communications, “E&” declined 2.1% and “Yahsat” 0.78%. In the energy sector, the shares of “ADNOC Distribution” fell 1.6% and “Dana Gas” 0.12%, compared to the rise of “ADNOC Gas” by 0.3% and “ADNOC Drilling” by 3.45%.
In terms of the industrial sector, “Alpha Abu Dhabi” decreased by 0.27% and “Marine Dredging” by 1.95%, in front of the rise of “Abu Dhabi Ports” by 0.47% and “Arkan” by 1.4%.
In real estate, the share of “Ishraq” declined 2.2%, in front of the rise of “Ras Al Khaimah Real Estate” by only 0.3%. The “VirtGlobe” share plunged at a minimum of 9.24%, with the stability of “Americana” and “Briskite”.

Dubai market

In turn, the Dubai market index fell due to the decline in the sectoral indices of financial, real estate, industry and utilities stocks.
In front of the decline of the leading stocks in the financial sector, “Shuaa” fell 1.4% and “Dubai Investments” 1.23%, compared to the rise of “Amlak” by 3.2%, “Dubai Financial Market” by 1.34%, and “GFH” by 0.75%.
In real estate, shares of “Deyaar” fell 1.35%, “Tecom” 2.1%, and “Union Properties” 1.14%, along with “Emaar Properties” and “Emaar Development”.
In the utilities sector, “Empower” shares fell 1.75% and “Tabreed” 1.4%. The industry sector, “Air Arabia”, decreased by 0.92%, compared to the increase of “Gulf Navigation” by 0.84%, with the stability of “Aramex” and “Salik”.

liquidity orientation

And “Al-Alamiya Holding” continued to attract the highest levels of liquidity in the Abu Dhabi market, with a value of 243.6 million dirhams, closing at a level of 397.5 dirhams, followed by “Alfazhabi” with a liquidity of 116.35 million dirhams, reaching a price of 21.94 dirhams, then “Al-Dar” with transactions of 88.7 million dirhams, reaching the price of 5.33 dirhams, and “VirtGlobe” with a liquidity of 84.6 million dirhams, closed at a price of 3.83 dirhams.
In the Dubai market, “Emaar Properties” topped the trading with 122.7 million dirhams, closing at 6 dirhams, followed by “Dubai Islamic”, which attracted 62.5 million dirhams, to close at 5.32 dirhams, and “Ajman Bank”, which attracted 52 million dirhams, closing at 1.69 dirhams, then « Diwa, with a liquidity of 33.4 million dirhams, and closing at 2.38 dirhams.

nationalities

With regard to trading by nationalities in the Abu Dhabi market, Arab and Gulf investors and citizens tended to buy, with a net investment of 149.4 million dirhams as a result of buying, of which 1.14 million dirhams as a result of buying Arabs, 8.3 million dirhams as a result of buying Gulf citizens, and 140 million dirhams as a result of buying citizens. On the other hand, foreign investors tended towards liquidation, with a net investment of 149.4 million dirhams, the proceeds of sale.
In the Dubai market, Arab and Gulf investors tended towards buying, with a net investment of 69.17 million dirhams as a result of buying, of which 7.3 million dirhams as a result of buying Arabs, 2.8 million dirhams as a result of buying from Gulf citizens, and 59 million dirhams as a result of buying citizens.

institutions

In turn, the investment portfolios tended towards liquidation, with a net investment of 78 million dirhams, the proceeds of sale, of which 12.8 million dirhams were the proceeds of sale in Abu Dhabi, and 65.27 million dirhams were the proceeds of sale in Dubai.
On the other hand, individual investors tended to buy, with a net investment of 78 million dirhams, the proceeds of purchase, distributed by 12.8 million dirhams, the proceeds of purchase in Abu Dhabi, and 65.27 million dirhams, the proceeds of purchase in Dubai.