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Enhanced liquidity raised the Dubai market index 1.06% at the level of 3575.56 points, on Tuesday, with the recovery of shares in banks, real estate and utilities, while the Abu Dhabi market fell 0.36% to the level of 9669.13 points, under pressure from the leading stocks.
A liquidity of 638.7 million dirhams, equivalent to 38% of the total market liquidity, led the gains of the shares of 10 companies, namely: “Deyaar” share, rising near the maximum increase by 14.2% at the level of 0.611 dirhams, and “Ajman Bank” rose 3.4% to 1.8. dirhams, “Dewa” 1.6% at 2.5 dirhams, “Emaar Properties” up 0.67% to 5.95 dirhams, and “Dubai Islamic” 1% at 5.57 dirhams.
“Gulf Navigation” rose 2.48% to 1.24 dirhams, “Union Properties” increased 5.7% at 0.275 dirhams, “Dubai Financial” rose 2.7% at 1.52 dirhams, and “Emirates NBD” rose 35% to 14 dirhams.
In Abu Dhabi, a number of stocks violated the market declines, including “ADNOC Gas”, which increased by 1.8% to 3.26 dirhams, and “Ishraq”, which rose 2.55% to 3.22 dirhams.
The total liquidity in the markets reached 1.68 billion dirhams, of which 1.12 billion dirhams were in the Abu Dhabi market, and 565.1 million dirhams in the Dubai market, and the quantities traded amounted to 722.4 million shares, distributed by 445.89 million shares in Dubai, and 276.5 million shares in Abu Dhabi.
The share prices of 44 companies increased, while the share prices of 39 companies declined, and this came through the implementation of 24,212 transactions.
Dubai market
The rise in the Dubai market index came with the rise in the sectoral indices of financial, real estate, utilities and industry stocks.
In the financial sector, “Dubai Investments” rose 0.81%, “GFH” rose 1.2%, “Shuaa Capital” rose 0.3%, and “Amlak” rose 1.2%.
In the real estate, the share of “Emaar Development” rose 0.5%, compared to the decline of “Mazaya” by 10%, while “Tecom” settled in front of the rises of “Diyar”, “Emaar Properties” and “Union Properties”.
Regarding the utilities sector, “Empower” rose 2.32%, and “Tabreed” 0.68%. It also rose in the industrial sector, “Air Arabia” by 9%, “Aramex” by 1.23%, and “Salik” by 0.6%.
Abu Dhabi market
In turn, the Abu Dhabi market index declined with the decline of the sectoral indices of financial, real estate and industry stocks in the first place.
In the financial sector, “Multiple Play” decreased by 3.08%, “First Abu Dhabi” by 0.43%, “Abu Dhabi Commercial” by 0.46%, and “Abu Dhabi Islamic” by 3%, while “Al-Alamiya Holding” remained unchanged.
In real estate, the share of “Al-Dar” declined 3%, compared to an increase in “Ras Al-Khaimah Real Estate” by 2.4%, and “Manzels” by 1.57%.
And in the industrial sector, “Alpha Abu Dhabi” decreased by 1%, “Marine Dredging” by 0.45%, “Abu Dhabi Ports” by 1.94%, and “Arkan” by 2%.
On the other hand, in the energy sector, “ADNOC Distribution” rose by 0.23%, in front of the decline of “ADNOC Drilling” by 1.17% and “Dana Gas” by 1.3%.
Shares of “Americana” rose 1.28%, in front of the decline of “Priceite” 1.7%, “Bayanat” 1.72%, “Burjeel” 0.8%, and “Borouge” 0.75%.
liquidity orientation
The “International Holding” share attracted 254 million dirhams, closing at the level of 395 dirhams, followed by “ADNOC Gas” with a liquidity of 127 million dirhams, reaching the level of 3.26 dirhams, and “Multiplay” with transactions of 83.6 million dirhams, to close at 3.15 dirhams, and “Alpha Abu Dhabi”. With transactions of 58.3 million dirhams, closing at a level of 21.3 dirhams.
In Dubai, “Ajman Bank” attracted 137.6 million dirhams of liquidity, closing at 1.8 dirhams, followed by “Deyaar” with transactions of 85.67 million dirhams, reaching a price of 0.611 dirhams, then “Dewa” by attracting 54.8 million dirhams and closing at 2.5 dirhams, and “Dewa” Emaar Properties », with transactions of 50.4 million dirhams, closing at 5.95 dirhams.
nationalities
Regarding trading by nationalities in the Abu Dhabi market, Arab and Gulf investors and citizens tended to buy, with a net investment of 215.25 million dirhams as a result of buying, of which 10.32 million dirhams as a result of buying Arabs, and 20.86 million dirhams as a result of buying Gulf citizens, and 184 million dirhams as a result of buying citizens. On the other hand, foreign investors tended towards liquidation, with a net investment of 215.24 million dirhams, the proceeds of sale.
In the Dubai market, Gulf and foreign investors tended to buy with a net investment of about 62 million dirhams as a result of buying, of which 61.8 million dirhams as a result of buying foreigners, and 73 thousand dirhams, only, as a result of buying from Gulf nationals.
On the other hand, Arab investors and citizens tended towards liquidation, with a net investment of 62 million dirhams from the sale proceeds, of which 12.5 million dirhams from the sale of Arabs, and 49.42 million dirhams from the sale of citizens.
institutions
The performance of investment portfolios that tended towards buying in the Dubai market varied, with a net investment of 15.6 million dirhams, the proceeds of purchase, while they tended towards liquidation in Abu Dhabi, with a net investment of 40.27 million dirhams, the proceeds of sale.
On the other hand, individual investors tended to buy in the Abu Dhabi market, with a net investment of 40.27 million dirhams, the proceeds of purchase, while they tended towards liquidation in the Dubai market, with a net investment of 15.6 million dirhams, the proceeds of sale.
