Local stock indices recorded a slight improvement in the first sessions of the week, with the Dubai Financial Market index rising by one point at 2,901.21 points, while the Abu Dhabi market index rose by 0.36%, at a time when the markets are waiting for any new catalysts and driving forces to move the general indices, after shares presented Leadership in the investment and real estate sectors slightly supported the market, with a decline in most other indicators.
The markets witnessed a strong liquidity of about 1.64 billion dirhams, with 398.2 million shares being traded, as the Abu Dhabi market recorded 1.49 billion dirhams, with 242.8 million shares being traded, while the Dubai market recorded 148 million dirhams, with 155.44 million shares being traded.
Liquidity went to “International Holding” with 285 million dirhams, then “Al-Dar” 265.4 million dirhams, then “Alpha Abu Dhabi” 253.6 million dirhams, then “First Abu Dhabi” 238.7 million dirhams, then “Al-Seer Mine” 167.7 million dirhams.
Abu Dhabi market
The Abu Dhabi Securities Exchange index rose 0.36%, adding 27.13 points of gains, as the general index of the market closed at 7,652.14 points, driven by the rise of the investment and financial services sector.
The investment sector rose 1.42%, with the sector’s shares, led by “Alpha Abu Dhabi” rising 4.89% to 29.62 dirhams, “Waha Capital” 3.89%, and “Eshraq” 2.08%, while “International Holding” declined 0.07% to 146.1 dirhams.
The real estate sector improved, with «Aldar Properties» rising 0.24% to 4.1 dirhams. The shares of the energy sector rose collectively, led by “Dana Gas” by 1.92%, “TAQA” by 1.57%, and “ADNOC Distribution” by 0.22%.
The banking sector declined marginally, after “Abu Dhabi Islamic” declined 0.54%, and “Finance House” 9.88%, while “Abu Dhabi Commercial” rose 0.14% to 7.37 dirhams, amid the stability of “First Abu Dhabi” without change.
In services, the shares of “Driving Education” rose 2.4%, and “Marine Dredgers” 1.85%.
The industry sector recorded an increase of 5 companies, namely “Arkan” 7.7%, “Ras Al Khaimah Investment Cement” 2.44%, “Abu Dhabi Ship Building” 1.72%, “Sharjah Cement and Industrial Development” 3.66%, and “Abu Dhabi Building Materials” 2.9% .
Dubai market
The Dubai Financial Market index recorded a marginal increase of 0.04%, equivalent to 1.19 points, to maintain its level above 2,900 points, and closed at 2,901.21 points, amid a discrepancy in the performance of the sectoral indices with the support of real estate.
The real estate sector rose 0.42%, supported by «Emaar Properties» 0.96% to 4.18 dirhams, after recording transactions worth 35.1 million dirhams, and «Union Properties» rose 1.32% to 0.305 dirhams, while «Emaar Malls» declined 0.49%, and « Emaar Development» 1%.
The banking sector decreased 0.15%, affected by the negative performance of the “Dubai Islamic” share, which fell 0.38% to 5.12 dirhams, with a trade of 18 million dirhams, as well as “Ajman Bank” 0.4%, and “GFH” 0.26%, while “Amlak” recorded A strong increase of 4.44% to AED 0.282.
The investment sector improved 0.19%, led by the share of “Dubai Financial Market” 0.91%, which closed at 1.1 dirhams, and the market had announced the extension of trading hours starting from the beginning of next October, and “Shuaa” rose 0.14%.
The transportation sector rose 0.17%, led by the increase in “Aramex” share 1.53%, which closed at 3.98 dirhams, while “Air Arabia” declined 1.39% to 1.41 dirhams, with a trade of 5.12 million dirhams.
The red color dominated the services sector, with the share of “Al-Firdaws” declining by 9.85%, with a circulation of 10 thousand shares, while “Amanat” decreased by 1.69%, and “Tabreed” decreased by 1.37%, despite the company’s announcement of a new acquisition deal to be added to its expansion record in the sector. District cooling.
“Takaful Al Emarat” had the highest increase by 6.7%, “An Digital” 6.02%, and “Al Salam Holding” 5.33%.
Trades by Nationality
Foreign investors recorded a total of 179.7 million dirhams in the two markets, distributed between 169 million dirhams in Abu Dhabi and 10.5 million dirhams in Dubai. Their purchases in the two markets amounted to about 472.8 million dirhams, while their sales amounted to about 293.05 million dirhams.
The Arabs also recorded a purchase proceeds of 12 million dirhams, including 7.6 million dirhams in Abu Dhabi, and 4.3 million dirhams in Dubai.
The trends of the Gulf people varied after they recorded a sale proceeds in Abu Dhabi of about 2.43 million dirhams, while they recorded a purchase proceeds in Dubai of 3.4 million dirhams.
Citizen investors tended to sell, recording a total of 192.6 million dirhams, of which 174.4 million dirhams in Abu Dhabi, and 18.2 million dirhams in Dubai.
Institutions
The institutions recorded a purchase proceeds in the Dubai Financial Market of about 11.5 million dirhams, while the proceeds of selling in the Abu Dhabi market was recorded at about 110 million dirhams, and their purchases in the two markets amounted to about 1.15 billion dirhams, compared to sales of about 1.25 billion dirhams.
Purchases by individual investors amounted to about 489.8 million dirhams, compared to sales of 391.3 million dirhams.
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