UAE – Selective rise in stocks, liquidity 463 million dirhams

UAE – Selective rise in stocks, liquidity 463 million dirhams
UAE – Selective rise in stocks, liquidity 463 million dirhams
Source: (MENAFN – Al-Bayan)

Date: December 29, 2020 Stock market indices recorded mixed performance in yesterday’s session amid an increase in liquidity levels. The Dubai market settled on a marginal decline of 0.04% to close at 2514.60 points amid a selective rise in stocks in the general index.

The Abu Dhabi market rose 0.2% to 5,106.31 points, supported by the banking, energy and telecommunications sectors. Liquidity levels rose to 462.6 million dirhams, distributed by 151.1 million in Dubai and 353.31 million in Abu Dhabi.

Dubai market

In the Dubai market, the real estate sector fell 0.15%, due to a decline in Damac 2.9%, Deyaar Development 0.7%, while Emaar Development rose 0.72%, Emaar Properties rose 0.28%, and Union Properties fell 0.36%. The commodities sector fell 3.53%. % With ‘DXB reduced by 4%.

And the insurance sector fell 0.5% with a decline of 4.15%, Dubai Islamic Insurance – Aman 1.85%, and Islamic Arab Insurance – Salama 0.6%. The transport sector declined 1.02%, with Aramex declining 1.8%. The investment sector decreased slightly by 0.01%, with a decrease in Shuaa by 0.15%, and Ettuttab Holding decreased by 1.04%.

The banking sector rose 0.22%, with Emirates NBD rising 0.5%, GFH 1.64%, and Amlak Finance rising 0.78%. GFH issued a turnover of 20.06 million dirhams, up 0.620 dirhams.

Gulf citizens and citizens tended towards selling, with a net investment of 7.7 million dirhams, of which 5.3 million dirhams for Gulf citizens and 2.38 million for foreigners, while Arab and foreign investors tended to buy, with a net investment of 4.73 million dirhams for Arabs, and 2.97 million for foreigners.

Abu Dhabi Market

Abu Dhabi market rose, supported by the rise of the banking sector, by 0.21%, with ‘First Abu Dhabi’ rose 0.31%, Abu Dhabi Islamic Bank rose 0.64%, while Abu Dhabi Commercial fell 0.5% and Bank of Sharjah 1.6%.

The real estate sector rose 0.27%, with Aldar Properties rising 0.31%, Ras Al Khaimah Real Estate falling 0.63%, the energy sector 0.85% with Dana Gas rising 1.43%, and Abu Dhabi National Energy – Energy 1.42%. The telecom sector rose 0.12%, with Etisalat increasing by the same percentage, while the industrial sector increased by 0.3%, with Abu Dhabi Ship Building declining by 4.02%.

Disclosures

★ The Board of Directors of the Abu Dhabi National Oil Company for Distribution will meet tomorrow to issue a passing decision regarding the acquisition of assets for fuel distribution in Saudi Arabia, valued at $ 10 million.

★ The appointment of BH Mubasher by Gulf Navigation Holding to provide liquidity for its shares traded on the Dubai market.

★ Al Madina Finance and Investment Company confirmed that a final court ruling had not been issued to withdraw the land located in Jeddah, Saudi Arabia, belonging to its associate, Sarh Real Estate.

★ The Board of Directors of Wahat Al-Zawia Company decided to accept the resignation of Musa Ibrahim Al-Ghazawi, and appoint Sultan Salem Thaaloub as a new member of the Board of Directors.

★ Al Khaleej Investment Company announced the postponement of the approval of the 2021 budget for the next board meeting.

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