The stock market closures varied at the end of last week’s trading amid a state of anticipation for the start of the quarterly results marathon of the listed companies, while some leading stocks witnessed selective buying driven by the announcement of their companies ’positive incentives, foremost of which is“ Agthia ”. The Abu Dhabi market rose 0.46% to 4,512.5 points with the rise. Investment, real estate, communications and commodities stocks, while the Dubai market fell 2.3% at 2,214.32 points, under pressure from the decline in banking, real estate, investment, insurance, transport, and commodity and services shares. The stocks attracted liquidity by about 2.2 billion dirhams, of which 1.48 billion in Abu Dhabi, and 732.25 million in Dubai, and 1.5 traded One billion shares, distributed by 1.093 billion in Dubai and 449.89 million in Abu Dhabi, through 23.15 thousand transactions.
Raed Diab, Vice President of Research and Investment Strategies at KAMCO Invest, told the “Economic Statement” that the markets witnessed a variation in their performance in the absence of new motivating factors, with anticipation controlling sentiment pending the start of the quarterly results marathon, indicating that the past few weeks You will see corporate and bank financial results for the third quarter which are likely to be better than the second quarter.
He stressed that the government’s continuous efforts to accelerate growth and a gradual return to before the spread of the virus, with the stimulus packages it provided, and the reopening of all economic activities, are expected to bear fruit on the growth of the economy and will also be a catalyst for investor morale.
Dubai market
Pressure on the Dubai market: The banking sector fell 0.95% after the decline of “Dubai Islamic” 2.08%, while “Emirates NBD” stabilized, and the real estate sector fell 5% due to the decline of “Emaar Properties” by 6.03%, “Union Properties” 10.96% and “Emaar Malls” »2.7%,« Damac »3.18%,« Emaar Development »4.18% and« Diyar »2.81%.
The investment sector fell 3.19%, with “Dubai Investments” dropping 2.61%, “Dubai Financial Market” 4.03% and “Shuaa Capital” 7.79%, and the transport sector decreased 2.02%, pressured by the decline of “Air Arabia” 3.54%, “Aramex” 0.71%, and ” Gulf Navigation »8.86%.
«Emaar Properties» dominated the activity, attracting 144.5 million dirhams, followed by «Union Properties» 80.47 million dirhams, followed by «Aramex» 56 million dirhams, and «Dubai Refreshments» achieved the largest increase of 1.67%, while «Union Properties» the lowest 10.96%.
Arab and Gulf investors and citizens, with a net investment of 99.34 million dirhams, made money, while foreign investors tended to liquidate, with a net investment of 99.34 million dirhams.
Abu Dhabi Market
The rise of the capital market boosted the growth of the real estate sector by 0.55%, driven by the gains of “Aldar” 0.5% and “Ras Al Khaimah Real Estate” 1.31%, and the investment sector grew by 1.31% with the rise of “Al-Alamiya Holding” by 1.04% and “Waha Capital” by 4.62%, while “Ishraq” decreased. »1.33%, and the telecommunications sector up 1.68% with the rise in the share of« Etisalat »by the same rate. The banking sector decreased marginally by 0.06% with the decline of« Abu Dhabi Current »0.53% and« Abu Dhabi Islamic »1.42%, while« First Abu Dhabi »increased 0.18%, and decreased The energy sector was 1.08%, with Dana Gas falling 0.7% and ADNOC Distribution 3.69%, while TAQA rose 2.9%.
“First Abu Dhabi” issued the activity, attracting 345 million dirhams, followed by “Al-Alamiah Holding” 295.84 million dirhams, and “Agthia” achieved the largest increase by 21.85% after the group announced that it had received an offer from “Senaat” to unify its business with the “Al Foah” company, while “Methaq” was For Takaful Insurance, the lowest by 9.15%, followed by “Manazel” 8.76%, then “Sudatel” with 6.7%.
Gulf investors and citizens tended to buy with a net investment of 61.87 million dirhams, while Arab and foreign investors tended to liquidate, with a net investment of 61.87 million dirhams.
Institutions
The performance of the institutions varied, as they tended to buy in the Abu Dhabi market, with a net investment of 10.4 million dirhams, while they tended towards liquefaction in the Dubai market with a net of 82.4 million dirhams, while individual investors tended to buy in the Dubai market with a net 82.4 million dirhams, and toward liquefaction in Abu Dhabi with a net 10.4 million dirhams.
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