Markets open the week with mixed performances

Markets open the week with mixed performances
Markets open the week with mixed performances

We show you our visitors the most important and latest news in the following article:
Markets open the week with mixed performance, Monday, October 26, 2020 01:09 am

  • Abu Dhabi – Rami Samih

History: October 26, 2020

The closing of local stocks varied at the end of yesterday’s session, as the capital market rose, driven by institutional purchases, while the market fell, under pressure from real estate stocks, amid liquidity of nearly 800 million dirhams, 4 shares of Abu Dhabi acquired 73% of it.

The Dubai market fell 0.37% to 2,177.46 points, with real estate, banking, transport and communications shares falling, while the Abu Dhabi market rose 0.25% at 4,568 points, supported by gains in banking, real estate, insurance, energy, industry and services stocks.

The shares attracted about 778.75 million dirhams, of which 693.5 million were in Abu Dhabi and 85.25 million in Dubai, and 246.4 million shares were traded, distributed by 155 million in Abu Dhabi, and 91.4 million in Dubai, through 3569 transactions.

And pressure on the Dubai market, the real estate sector fell 1.31%, with a decline in «Emaar Properties» 0.76%, «Damac» 2.67%, «Emaar Development» 0.44%, and «Emaar Malls» 3.37%, while «Union Properties» rose 1.07% %.

The banking sector decreased 0.1%, with Dubai Islamic declining 0.24%, while Emirates NBD stabilized. The transport sector declined 0.28%, with Aramex dropping 0.48%, while Air Arabia and Gulf Navigation stabilized. The investment sector rose 0.6%, with the Dubai Financial Market climbing 2.43%, Shuaa Capital 032%, while Dubai Investments stabilized.

«Emaar Properties» dominated the activity by about 17 million dirhams, followed by «Emirates NBD» 12.4 million dirhams, then «Dubai Financial Market» 11.3 million dirhams.

The rise of the capital market supported the rise of the banking sector by 0.74%, with the growth of “First Abu Dhabi” by 0.54%, “Abu Dhabi Commercial” 3.2%, while “Abu Dhabi Islamic” stabilized, and the real estate sector increased by 1.71%, following the rise of “Al Dar” 1.84% While “Ras Al Khaimah Real Estate” fell 0.52%, and the energy sector increased by 0.56%, with “Dana Gas” increasing 0.71%, “TAQA” 0.7%, and “ADNOC Distribution” 0.3%.

The investment sector decreased by 0.3%, driven by a drop of “Waha Capital” by 3.88%, and “Ishraq” 1.99%, while “International Holding” increased 0.26%.


* The Board of Directors of Al-Alamiah Holding will meet on October 28 to consider approving the data for the third quarter.

* The Board of Directors of the National Bank of Fujairah, on October 28, is considering approving the interim financial statements for the first nine months.

* The Board of Directors of Abu Dhabi Commercial Bank will discuss on October 28 the bank’s financial results for the period ending on September 30th.

* Finance House maintained its investment grade credit rating at ‘A3’ for short-term and at ‘-BBB’ long-term, both of which confirm a stable outlook, according to the agency, Capital Intelligence.

Follow the economic statement via Google News

Print Email Twitter LinkedIn Pin Interest Whats App

These were the details of the news Markets open the week with mixed performances 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.

NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting