“Emaar” enhances the rise of the Dubai market – the economic...

“Emaar” enhances the rise of the Dubai market – the economic...
“Emaar” enhances the rise of the Dubai market – the economic...

The closing of local stocks varied at the end of yesterday’s session, as the 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.


Follow the economic statement via Google News

Print
Email

Twitter
LinkedIn
Pin Interest
Whats App

These were the details of the news “Emaar” enhances the rise of the Dubai market – the economic... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Budget for 2021 shows health and safety departments …
NEXT Northern Court of Audit is investigating the approach to the Southern...