Local stocks achieved weekly gains led by the banking sector in the first place (Abu Dhabi trio, Dubai Islamic and Emirates NBD). Thanks to defensive stock purchases; Such as: “Aramex” and “Air Arabia”, amid trading that was not without caution as well, with the continued anticipation of new incentives.
In front of a weekly liquidity of about 3 billion dirhams, the weekly rises of the Abu Dhabi and Dubai financial markets converged by 0.6% each, while the Abu Dhabi market rose: «First Abu Dhabi» by 0.36%, «Abu Dhabi Commercial» 2.36% and «Abu Dhabi Islamic» 2.43%, In the Dubai market, “Dubai Islamic” rose 1.17%, and “Emirates NBD” by 0.48%.
Aramex increased by 5.51%, ranking third; In terms of attracting liquidity in the Dubai market within a week, at a value of 90.7 million dirhams, “Air Arabia” rose 1.8%.
It was striking in the Dubai market that liquidity continued to concentrate mainly on the share of “Aman” at a value of 100.3 million dirhams, which rose in a week by 0.9% and came second in attracting liquidity behind the leader, Emaar Properties, who in turn declined 1%.
In the capital market, “Global Holding” attracted the largest liquidity in a week, at a value of 339 million dirhams, and as a result, it rose 1.38%.
The shares attracted a weekly liquidity of 2.7 billion dirhams, of which 1.13 billion dirhams in Dubai, and 1.57 billion dirhams in Abu Dhabi, and the traded quantities of shares 2.2 billion shares, distributed by 1.8 billion shares in Dubai, and 421.8 million shares in Abu Dhabi. Through the implementation of 28.7 thousand transactions.
Abu Dhabi Market
The Abu Dhabi Securities Market index recorded a weekly increase of 0.56% to the level of 4492 points, taking advantage of the increase in the sectoral indices of banking, investment, real estate, telecommunications, energy and commodities stocks.
The banking sector rose 0.8%, supported by the gains of “First Abu Dhabi” by 0.36%, “Abu Dhabi Commercial” by 2.36% and “Abu Dhabi Islamic” by 2.43%.
The real estate sector increased 0.32%, after “Al Dar” rose 0.5%, while “Ras Al Khaimah Real Estate” fell 2.31%.
The telecom sector rose 0.12%; Due to the same rise in the share of “Etisalat”. The energy sector also increased by 1.73%, as a result of the increase of “TAQA” by 0.73%, “Dana Gas” by 1.13%, and “ADNOC Distribution” by 2.92%.
The investment sector also rose by 1.24%, with the rise of “International Holding” by 1.38% and “Waha Capital” by 3.83%, although “Ishraq” fell by 6.81%.
Dubai market
In turn, the Dubai Financial Market index closed at a weekly increase of 0.6% at 2,265.7 points, taking advantage of the rise in the sectoral indices of banking, transport, insurance, communications and services shares.
The banking sector increased by 0.72% due to the rise of “Dubai Islamic” by 1.17% and “Emirates NBD” by 0.48%.
The transport sector rose 3.96%, supported by gains by “Air Arabia” 1.8%, “Aramex” 5.51%, and “Gulf Navigation” by 1.85%.
The insurance sector also increased by 3.58%, driven by gains in “Aman” by 0.9% and “Salama” by 6.79%.
On the other hand, the real estate sector fell 0.63%, affected by the decline of «Emaar Properties» 1%, «Arabtec» 5.19%, «Union Properties» 1.05% and «Damac» 0.65% compared to the rise of «Deya» 0.35% and «Emaar Malls» 0.68%.
The investment sector fell by 0.71% as a result of “Dubai Investments” falling by 0.86% and “Shuaa Capital” by 3.23%, despite the rise in the “Dubai Financial Market” by 0.24%.
Liquidity orientation
In terms of weekly trading in the Abu Dhabi market, the share of “Al Alamiah Holding” was the largest, with a value of 339 million dirhams, closed at 38.3 dirhams, followed by «First Abu Dhabi» with a liquidity of 330.7 million dirhams, and its price closed at 11.14 dirhams, then «Al-Dur Real Estate» trades It touched 240 million dirhams, to close the share price at 2.01 dirhams.
In the Dubai market, transactions focused on «Emaar Properties» at about 127 million dirhams, closed at 2.82 dirhams, followed by «Dubai Islamic Insurance and Reinsurance – Aman» at a value of 100.3 million dirhams, and closed at 1.12 dirhams, then «Aramex» liquidity 90.7 million dirhams, closed At 4.21 dirhams.
Highs and Lows
“Umm Al Quwain Bank” recorded the highest weekly rise in the Abu Dhabi market by 5.26%, closing at two dirhams, followed by “Sudatel” by 4.5% closing at 0.418 dirhams, then “Waha Capital”, which increased 3.83% to 0.418 dirhams.
Conversely, “Baldco” decreased by 8.96% per week to 0.244 dirhams, followed by “Ishraq” 6.81% at 0.301 dirhams, then “Abu Dhabi National Hotels”, down 4.67% at 2.45 dirhams.
The highest rise during a week in the Dubai market for the benefit of “Al Madina Finance” was 10.13%, to close at 0.174 dirhams, followed by “Iktabaq”, which rose 8.65% to 0.201 dirhams, then “Salama” 6.79% at 0.865 dirhams.
The decline was more than the share of “Takaful House” by 5.87%, closing at 0.93 dirhams, followed by “Arabtec”, which fell 5.19% to 0.53 dirhams. Trading on the stock was suspended in the Wednesday and Thursday session after the announcement of the General Assembly’s approval of the option to liquidate the company. Then came Emirates Refreshments, down by 4.81%, to close at 2.57 dirhams.
Nationalities
Gulf and foreign investors tended to buy in Abu Dhabi, with a net investment of 71 million dirhams in the proceeds of the purchase, of which 25.4 million dirhams were obtained from the purchase of Gulf nationals, and about 46 million dirhams were the result of foreign purchases.
On the other hand, Arab investors and citizens tended towards liquidation, with a net investment of 71.4 million dirhams from sale, distributed by only 630 thousand dirhams as proceeds from sale to Arabs, and 70.77 million dirhams from the sale of citizens.
In the Dubai market, Arab and Gulf investors and citizens tended towards buying, with a net investment of 32.2 million dirhams as a purchase, of which 3.92 million dirhams were the result of the purchase of Arabs, 8.82 million dirhams were the sum of the purchase of the Gulf citizens, and 19.4 million dirhams were the result of the purchase of citizens, and in return it went Foreign investors are towards liquidation, with a net investment of 32.2 million dirhams, proceeds from the sale.
Foreign (non-Arab) investors focused their weekly purchases on the shares of “Dana Gas”, “Global Holding”, “Ithmaar” and “Dubai Investments”, while their sales focused on the shares of “Aldar”, “DXB” and “Abu Dhabi First”. And ADNOC Distribution.
Institutions
The discrepancy dominated the performance of portfolios in a week that witnessed a buying trend in Abu Dhabi, with a net worth of 1.2 million dirhams, compared to 35.6 million dirhams sold in Dubai.
Individuals tended towards buying in the Dubai market, with a net worth of 35.6 million dirhams, and towards liquidation in the Abu Dhabi market, with a net sale of 1.2 million dirhams, as a result of the sale.
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