Markets withstand profit-taking operations on the “leadership”

Markets withstand profit-taking operations on the “leadership”
Markets withstand profit-taking operations on the “leadership”

At the conclusion of today’s session, the local stock markets withstood profit-taking operations that targeted some of the leading stocks in the “investment” and “real estate” sectors, after achieving strong gains in the previous sessions.

At the close, the market index maintained a level above 2,900 points, after declining marginally by 0.05% to 2,902.65 points, due to the pressure of the decline in real estate and investment shares, while the Abu Dhabi market fell 0.21% at 7,665 points, amid a semi-collective decline of the sectoral indices except for “energy” and “industry”.

The shares attracted a liquidity of 1.9 billion dirhams, of which 1.64 billion in “Abu Dhabi” and 268.12 million in “Dubai”, while 773.5 million shares were traded, with 543 million in “Abu Dhabi” and 230.5 million in “Dubai”, through the implementation of 11,054 deals. .

Dubai market

The Dubai market declined as “real estate” declined by 0.32%, led by the decline of “Emaar Properties” 0.95%, and “DAMAC” 0.8%, compared to the rise of “Emaar Development” 2.04%, “Union Properties” 0.67%, and “Deyaar” 1.32%, Amid the stability of “banks”, with “Dubai Islamic” declining by 0.57%, and the rise of “Emirates NBD” by 0.72%.

“Investment” decreased by 1.2%, pressured by the decline of “Dubai Investments” by 1.58%, against the rise of “Shuaa Capital” by 0.42%, and the stability of “Dubai Financial”, and “Transport” increased by 1.28% with the support of “Air Arabia” by 2.85%, with the stability of “Aramex” “Gulf Navigation” decreased by 0.67%.

“Dubai Islamic” topped the transactions, attracting 55.45 million dirhams, followed by “Emaar Properties” with 43.6 million, and then “Air Arabia” 24.7 million. “Emirates Refreshments” achieved the largest increase of 8.58%, while “Al-Ithmar” had the lowest decline, 4.78%.

Arabs and foreigners tended to buy, investing 25.76 million dirhams, while Gulf citizens and citizens tended to monetize.

Abu Dhabi market

The Abu Dhabi market fell, as “banks” fell 0.06%, with the pressure of “Abu Dhabi Commercial” falling 1.07%, amid the stability of “Abu Dhabi Islamic” and “First Abu Dhabi”, and “investment” fell 0.3%, as “Alpha Abu Dhabi” fell by 1.03% and “Waha Capital” 1.62 %, compared to the increase of “Eshraq” by 11%, and the stability of “International Holding”.

“Real Estate” also decreased by 0.12%, with “Al Dar Real Estate” falling by 0.24%, compared to “Ras Al-Khaimah Real Estate” increasing by 1.94%, and “Communicating” declining 0.53%, withdrawing from “Etisalat” 0.5% and “Yahsat” 1.5%, and it grew Energy” 0.15%, as “Dana Gas” rose by 2.23%, amid a decline of “Taqa” 0.76% and “ADNOC Distribution” 0.6%.

“International Holdings” dominated market activity, attracting 355.1 million dirhams, followed by “First Abu Dhabi” with 332 million, and then “Aldar Properties” 321.5 million. “Zay Stores” had the largest increase of 14.95%, and “National Takaful” recorded the lowest 10%.

Arabs, Gulf citizens and citizens chose to buy with an investment of 17 million dirhams, while foreign investors moved towards monetization.

contrast

The institutional investment performance varied, as it tended to buy in “Dubai” with a net investment of 34.78 million dirhams, compared to monetization in “Abu Dhabi”, with a net investment of 15.6 million, while individuals preferred to buy in “Abu Dhabi” with a net investment of 15.6 million, and chose monetization in “Dubai”. , with a net investment of 34.7 million.

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I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]