UAE – Domestic stocks variation and liquidity below 400 million

UAE – Domestic stocks variation and liquidity below 400 million
UAE – Domestic stocks variation and liquidity below 400 million
Source: (MENAFN – Al-Bayan)
  • Abu Dhabi – Rami Samih

Date: September 28, 2020 The closing of local stocks diverged at the end of yesterday’s session, with anticipation controlling sentiment pending new stimuli, especially with the approaching start of the marathon of company disclosures of their quarterly results for the third quarter of 2020, as the Abu Dhabi market rose, supported by gains in bank shares, which in turn pressured the market.

The Dubai market fell 0.32%, by 7.32 points, at 2,244.93 points, with the decline in banking and transport shares, against the rise in real estate and investment, while the Abu Dhabi market rose 19 points (0.43%) at 4485.84 points, with the rise in banking, real estate and energy shares, against a decline in communications and investment.

The shares attracted liquidity of 370.4 million dirhams, by 238.2 million in Abu Dhabi and 132.26 million in Dubai, and 298.3 million shares were traded, including 225.9 million in Dubai and 72.4 million in Abu Dhabi, through 3927 deals.

Dubai market

And pressure on the Dubai market, banks fell 0.74% to drop by ‘Emirates NBD 1.44% and Dubai Islamic 0.23%, and transport fell 0.86% by’ Aramex 2.26%, while Air Arabia rose 0.9% and Gulf Navigation 3.01%.

While the property rose 0.29% with the rise of ‘Damac’ 1.42%, ‘Emaar Malls’ 1.36%,’ Emaar Development ‘0.84%,’ Arabtec Holding ‘0.72% and’ Diyar ‘0.7%, while’ Union Properties’ stabilized, ‘Emaar decreased by 0.35%, and the investment increased 0.01 % As Dubai Financial increased 0.12%, Dubai Investments stabilized, while Shuaa decreased 0.46%.

Ithmaar Holding topped the activity, attracting 25 million dirhams, and achieved the highest rate of increase of 14.79%, followed by Arabtec, 23.9 million dirhams, and then Emaar Properties, 14.7 million dirhams. While Aman was the lowest, 4.5%.

Abu Dhabi Market

The rise of the Abu Dhabi market was supported by a rise in banks by 0.76%, with the growth of ‘First Abu Dhabi 0.9%,’ Abu Dhabi Commercial (0.55%) and ‘Abu Dhabi Islamic’ 0.97%, and energy increased by 1.22%, following the gains of ‘ADNOC Distribution’ 2.05%, ‘Energy’ 0.73%, ” Dana Gas 0.71 %, Property rose 0.87% supported by the 1% rise in ‘Aldar’, while Ras Al Khaimah Real Estate fell 1.03%.

Communications fell by 0.24%, with Etisalat falling by the same rate, and investment fell 0.25% under pressure of Ishraq 2.79% and Waha Capital 2.02%, while International Holdings rose 0.11%.

Global Holding issued the activity with a liquidity of 58.24 million dirhams, followed by first Abu Dhabi with 47.2 million dirhams, and Abu Dhabi Commercial at 37.5 million dirhams. Arkan achieved the largest growth rate of 4.5%, while Julphar fell the most by 4.55%.

Help

The Securities and Commodities Authority called on investors to initiate a request for assistance from the market or the authority in the event that there is any dispute between them and the brokerage company due to dealing in securities and they were unable to settle it amicably with it, and to file a complaint to settle the dispute, knowing that it is permissible to grieve against the decision issued in This matter is within 30 days from the date of notification.

Disclosures

* Oman Insurance takes a decision to pass on the 4th of next October to consider the possibility of directing an invitation to hold its general meeting, to consider adopting a decision to amend some articles of the company’s articles of association to comply with the provisions of the recently issued Governance Guide.

* Ann Digital Services announced that West One General Trading Company has replaced its representative on the board of directors by appointing Faisal Al Hatim as its representative on the board of directors instead of the resigning member Ali Al Sharida.

* GFH has confirmed the transfer of the accumulated cash dividends to the shareholders of the Bahrain Stock Exchange for the previous years and the end of 2018 to the Accumulated Cash Profits Fund managed by the Bahrain Clearing Company.

* International Financial Consulting reported the resignation of Kuwait Holding and Masdar Al-Ofuq General Trading and Contracting from membership of the company’s board of directors.

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