491 million dirhams pumped by foreigners and portfolios into UAE stocks within a week

September 23

 

UAE stocks added 23 billion dirhams to their market value within a week, including 11.32 billion dirhams in the Dubai market, and 11.7 billion in Abu Dhabi, while the Dubai Financial Market index rose in five sessions by 3% to the level of 4168.55 points, under the leadership of real estate and banks. While Aldar shares prevented the Abu Dhabi market index from falling more than 0.3% at 9849.41 points. This came in the midst of foreigners and governors pumping 491 million dirhams within a week, as foreign investments amounted to 330 million dirhams in purchase proceeds, distributed by 130 million dirhams in Abu Dhabi, and 200 million dirhams in Dubai. Investment portfolios also tended toward buying during the week, with a net purchase of 161.2 million dirhams, including 128.9 million dirhams in Dubai, and 32.26 million dirhams in Abu Dhabi.

 

 

 

 

 

 

 

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These purchases came amid strong increases in the shares of “Emaar Properties” 9.7%, “Emaar Development” 6.7%, “Dubai Islamic” 3.87%, “Dubai Financial” 4.4%, “Emirates NBD” 4.6%, and “Aldar” 6.41%.

 

 

 

 

 

 

 

Shares received weekly liquidity of 8.48 billion dirhams, including 2.88 billion in Dubai and 5.6 billion in Abu Dhabi, and the traded quantities of shares were 1.96 billion shares, distributed by 1.13 billion shares in Abu Dhabi and 834 million shares in Dubai, through the implementation of 120,448 transactions.

 

 

 

 

 

 

 

Dubai market

 

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The Dubai Financial Market index rose 3% in a week to the level of 4168.55 points, with an increase in the sectoral indices of real estate, finance, industry and utilities.

 

 

 

 

In the financial sector, “Dubai Islamic” rose 3.87%, “Dubai Financial” rose 4.4%, “Emirates NBD” rose 4.6%, “GFH” rose 2.3%, and “Amlak” rose 2.6%.

 

 

 

 

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In real estate, the shares of “Emaar Properties” increased by 9.7%, “Emaar Development” by 6.7%, “Deyaar” by 0.73%, and “Tecom” by 6.7%, while “Union Properties” remained stable without change.

 

 

 

 

In the utilities sector, “DEWA” rose by 1.18%, “Empower” by 1.6%, and “Tabreed” by 1.4%. In the industry, “Air Arabia” rose by 3.3%, “Aramex” by 0.4%, “Dubai Investments” by 4.17%, and “Gulf Shipping” by 2.57%, compared to a decline in “SALIC” by 0.3%.

 

 

 

 

Abu Dhabi Market

 

The Abu Dhabi Securities Market index declined in a week by 0.3% to the level of 9849.41 points, affected by a decline in sectoral indices of stocks in finance, communications, industry and energy.

 

 

 

 

In finance, “First Abu Dhabi” decreased by 1.6%, “Abu Dhabi Commercial” by 3.13%, “Multiplay” by 1.96%, and “International Holding” by 0.98%, compared to an increase in “Abu Dhabi Islamic” by 1.15%.

 

 

 

 

In communications, “E&” rose 1.48% and “Yahsat” rose 5.51%. In real estate, “Aldar” shares rose 6.41% and “Manazel” shares rose 4.77%, while “Ras Al Khaimah Properties” shares decreased 0.88% and “Ishraq” shares decreased 2.44%.

 

 

 

 

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In the energy sector, the shares of “ADNOC Gas” increased by 1.16%, “ADNOC Drilling” by 1.79%, and “Dana Gas” by 2.86%, compared to the decline of “ADNOC Distribution” by 0.53%.

 

 

 

 

In industries, “Abu Dhabi Ports” rose by 4.07% and “Alpha Dhabi” by 2%, compared to the decline of “Marine Dredgers” by 7.17% and the stability of “Emirates Steel-Arkan”.

 

 

 

 

Liquidity orientation

 

The weekly liquidity list in the Abu Dhabi market was topped by “International Holding” stock with one billion dirhams, closing at 405 dirhams, followed by “Alpha Dhabi” with 618.6 million, reaching 20.46 dirhams, then “Multiplay” by attracting 572.5 million, closing at 4 dirhams, and “Aldar” with 495 dirhams. 2 million at 5.81 dirhams. Trading in Dubai was led by “Emaar Properties” stock with 972.3 million dirhams, closing at 7.74 dirhams, followed by “Emirates NBD” with 407.6 million, reaching 18.15 dirhams, then “Dubai Islamic” attracting 321.5 million dirhams and closing at 5.9 dirhams, and fourthly “ Emaar Development” with 188 million liquidity at 7.1 dirhams.

 

 

 

 

Highs and lows

 

“Palms Sports” had the largest weekly increase in the Abu Dhabi market, with 17.43% to 12.8 dirhams, followed by “Union Insurance” with 13.33%, closing at 0.68 dirhams, then “Heli” with 9.09% to 3 dirhams.

 

 

 

 

“Umm Al Quwain General Investments” recorded the largest decline, with 25.35% at 1.06 dirhams, followed by “Insurance House” with a 10% decline to 0.81 dirhams, then “Food Holding” with a 7.83% decline to 43.1 dirhams.

 

 

 

 

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As for Dubai, the weekly rises were led by “Emaar Properties”, with 9.78%, “Tecom” with 6.77%, then “Emaar Development” with 6.76%.

 

 

 

 

The decline was “Emirates Islamic” by 18.9%, followed by “Dubai National Insurance and Reinsurance” by 10%, then “Aman” by 9.25%.

 

 

 

 

Nationalities

 

According to nationalities in the Abu Dhabi market, foreigners tended to buy for a net amount of 130 million dirhams. In contrast, Arabs, Gulf Arabs and citizens tended towards liquidation with a net amount of 130 million dirhams, of which 31.64 million were sold by Arabs, 84.6 million were sold by Gulf citizens, and 13.46 million were the proceeds from citizens’ sales.

 

 

 

 

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In Dubai, Arabs, Gulf Arabs and foreigners turned to buying, with a net purchase proceeds of 433.65 million dirhams, of which 11.6 million were for Arabs, 222.1 million for Gulf citizens, and 200 million were for foreigners, and citizens turned to monetization, with a net proceeds of 433.65 million from sales.

 

 

 

 

Institutions

 

Portfolios tended to buy with a net amount of 161.2 million, including 128.9 million in Dubai and 32.26 million in Abu Dhabi. Individuals turned to liquidation, with a net amount of 161.2 million dirhams.