The closing of local stocks varied at the end of yesterday’s session, as the Dubai Financial Market rose by 363 million dirhams, driven by gains in the blue-chips led by Emaar, while the Abu Dhabi market fell, driven by the decline of the leading trio of Abu Dhabi, Etisalat and Aldar. Liquidity fell below AED 400 million as sentiment dominated in anticipation of quarterly corporate results.
The Dubai market rose 0.41% to 223.57 points with the rise in real estate, transportation, services, investment, insurance and telecommunications stocks, while the Abu Dhabi market fell 0.4% to 4,492.63 points due to the decline in banking, real estate, investment, telecommunications and insurance shares.
The shares attracted liquidity by about 398.96 million dirhams, of which 97.96 million in Dubai and 301 million in Abu Dhabi, and 220.92 million shares were traded, distributed by 160.35 million in Dubai and 60.35 million in Abu Dhabi, through 3284 deals. And the shares of “First Abu Dhabi” and “Global Holding”, 41% of the liquidity.
Dubai market
The rise of the Dubai market was boosted by the rise of the real estate sector 0.91% with the growth of “Emaar Properties” by 0.75%, “Damac” 3.06%, “Union Properties” 4.23% and “Deyaar” 0.72%, and the investment sector rose 1.2%, driven by the gains of “Dubai Investments” 0.89% And “Dubai Financial Market” 1.48%, and “Shuaa Capital” 4.65%.
The transport sector rose 3.12% with the growth of «Air Arabia» 3.67%, «Aramex» 2.87%, and «Gulf Navigation» 1.24%, while the banking sector decreased 0.65% with the decline of «Emirates NBD» 1.42%, while «Dubai Islamic» stabilized ».
«Emaar Properties» dominated the activity, attracting 23 million dirhams, followed by «Union Properties» 15 million dirhams, then «Ithmaar» 9.7 million dirhams. “Shuaa Capital” achieved the largest increase by 4.65%, while “Ithmaar” was the lowest by 4.89%. Gulf investors and citizens deliberately bought, with a net investment of 9.6 million, while Arab and foreign investors tended towards liquidation.
Abu Dhabi Market
And pressure on the Abu Dhabi market, the banking sector fell 0.69%, with “First Abu Dhabi” falling 0.9%, while “Abu Dhabi Islamic” grew 0.24%, and “Abu Dhabi Commercial” stabilized. The real estate sector fell 0.54%, and the telecom sector fell 0.24%. And the investment sector fell 0.78%. The energy sector rose 0.21%. First Abu Dhabi led the activity, attracting 84.4 million dirhams, followed by “Al-Alamiah Holding” 79.7 million dirhams, then “ADNOC Distribution” 41.4 million dirhams. “Baldco” achieved the largest increase by 14.91%, while “RAKBANK” was the lowest, by 3.94%. Gulf investors and citizens began to buy, with a net investment of 39.24 million dirhams, while Arab and foreign investors tended to liquidate.
Disclosures
★ The Board of Directors of Union Properties will meet tomorrow to pass decisions, including the approval of the consolidated interim financial statements for the third quarter of this year.
★ Al Salam Bank Bahrain confirmed that no financing has been granted to Ayaan Real Estate Company.
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