- Abu Dhabi – Rami Samih
Date: 03 October 2020 Local stocks rose in trading last week after its market capital gained more than 6.5 billion dirhams, mainly boosted by gains in the leading stocks in the banking sector, with anticipation controlling investor sentiment pending the start of the quarterly results marathon, which is scheduled to start in the coming days. The Dubai market rose 0.6% to 2,265.7 points, with the rise in banking, transport, insurance, communications and services shares, while the Abu Dhabi market rose 0.56% at 4,492 points, with the support of banking, investment, real estate, telecommunications, energy and commodities shares. Stocks attracted liquidity of about 2.7 billion dirhams, of which 1.13 billion in Dubai and 1.57 billion in Abu Dhabi. 2.2 billion shares were traded, distributed by 1.8 billion in Dubai and 421.8 million in Abu Dhabi through 28.7 thousand deals.
The rise of the Dubai market boosted the rise in the banking sector by 0.72%, with the rise of ‘Dubai Islamic’ by 1.17% and ‘Emirates NBD’ by 0.48% and the transport sector increased by 3.96% with the rise of ‘Air Arabia’ 1.8%, ‘Aramex’ 5.51% and ‘Gulf Navigation 1.85%, while the real estate sector decreased 0.63%, with Emaar Properties falling 1%, Arabtec 5.19%, Union Real Estate 1.05% and Damac 0.65%, Deyaar 0.35%, Emaar Malls 0.68%, and the investment sector decreased 0.71% with Dubai Investments falling 0.86% and Shuaa Capital 3.23%.
Emaar Properties leads the activity, attracting 127 million dirhams, followed by Dubai Islamic Insurance and Reinsurance, Aman of 100.3 million dirhams, then Aramex 90.7 million dirhams. Al Madina Finance issued the winning shares during the week 10.13%, followed by the subscription of 8.65%, followed by the safety of 6.79%, and Arab and Gulf investors and citizens paid for the purchase, with a net investment of 32.2 million dirhams, of which 3.92 million for Arabs, 8.82 million for Gulf citizens and 19.4 million for citizens, while deliberately investors Foreigners are towards liquidation, with a net investment of 32.2 million dirhams.
Abu Dhabi Market
The increase in the capital market supported the growth of the banking sector by 0.8%, with the first Abu Dhabi rising by 0.36%, Abu Dhabi Commercial by 2.36% and Abu Dhabi Islamic by 2.43%, and the real estate sector increasing by 0.32%, driven by the rise of the House by 0.5%, while Ras Al Khaimah Real Estate decreased by 2.31%. Etisalat share in the same proportion. The energy sector also grew 1.73%, with energy rising by 0.73%, ‘Dana Gas’ by 1.13%, ‘ADNOC Distribution’ by 2.92%, and the investment sector growing by 1.24% with the rise of ‘International Holding Company’ by 1.38% and ‘Waha Capital’ by 3.83%, while ‘Ishraq’ decreased by 6.81%.
Gulf and foreign investors went into buying, with a net investment of 71 million dirhams, distributed by 25.4 million for the Gulf and 46 million for foreigners, while Arab investors and citizens tended to liquidate with a net investment of 71.4 million dirhams, distributed by 630 thousand dirhams for Arabs and 70.77 million for citizens.
The performance of the institutions varied during the past week, as they tended towards buying in the Abu Dhabi market, with a net investment of 1.2 million dirhams, and towards selling in Dubai with a net investment of 35.6 million dirhams, while individuals tended to buy in the Dubai market, with a net investment of 35.6 million dirhams and towards liquidation in the Abu Dhabi market with a net investment of 1.2 One million dirhams.
The Securities and Commodities Authority said that the shareholder has the right to view the company’s articles of incorporation and articles of association on the company’s website, and he has the right to apply to the company to send him a copy of its articles of incorporation and articles of association at his expense.
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