Local shares closed in the red at the beginning of the week’s trading, due to partial profit-taking operations on shares that witnessed successive rises in previous sessions, in exchange for selective purchases of shares in several sectors, especially telecommunications, banks, real estate and transportation.
The positive movement on the leading stock “Emaar Properties” in the Dubai market continued, with an increase of 0.19%, in conjunction with the activation of the merger between the company and “Emaar Malls” at the end of the Sunday session, and the activation of the capital increase of “Emaar Properties”.
“Amlak” jumped again by the maximum (14.95%), while “Aramex” rose 1.95% and “Salama Insurance” 3.21%, while strong liquidity entered the “Ajman Bank”, through which market transactions were issued by 176.7 million dirhams, up 6.87%.
In the capital market, the “Etisalat” share witnessed a positive movement, with a rise of 2.86% and “Al Yah Communications” by 1.06%, in conjunction with the announcement of the company’s inclusion in the “FTSE” Emirates index of companies with small money soon.
The shares attracted a total liquidity of 2.076 billion dirhams, including 1.42 billion dirhams in the Abu Dhabi market and 656.28 million dirhams in the Dubai market, and the traded quantities of shares were 823.5 million shares, distributed as 267 million shares in Abu Dhabi and 556.5 million shares in Dubai.
The share prices of 25 companies rose, while the share prices of 41 companies declined, and this came through the implementation of 14.57 thousand deals.
Abu Dhabi market
In detail, the Abu Dhabi Stock Exchange index fell 0.15% at the level of 8,336.48 points, with the sectoral indices of banks, real estate, investment, energy and industry shares declining.
The banking sector declined by 1.18% after the decline of “First Abu Dhabi” by 1.32% and “Abu Dhabi Islamic” by 2.97%, despite the increase of “Abu Dhabi Commercial” by 0.86%.
The real estate sector fell 1.37%, as a result of the decline of “Al Dar” by 1.43% and “Ras Al Khaimah Real Estate” by 0.38%.
The investment sector fell 0.41%, affected by the decline of “Alpha Abu Dhabi” by 1.46%, “Eshraq” by 3.26%, and “Waha Capital” by 0.57%, while “International Holdings” settled unchanged.
The energy sector declined 1.16%, with “ADNOC Drilling” down 1.18%, “ADNOC Distribution” 0.71%, “Dana Gas” 1.82% and “TAQA” 1.59%.
On the contrary, the telecommunications sector rose by 2.81%, with the share of “Etisalat” rising by 2.86% and “Al Yah Telecom” by 1.06%.
Dubai market
In turn, the Dubai Financial Market index declined by 0.22% to the level of 3,257.79 points, with the sectoral indices of banks, real estate, investment, communications, commodities and industry declining.
The banking sector fell 0.2% after “Dubai Islamic” declined 0.54%, “Emirates NBD” 0.35%, and “GFH” 4.06%, despite the increase of “Amlak” 14.95%.
The real estate sector decreased 0.17%, after “Deyaar” decreased by 0.57% and “Emaar Development” 2.59%, while “Emaar Properties” rose 0.19%, and “Union Properties” and “DAMAC” settled unchanged.
The investment sector fell 1.17%, with “Dubai Investments” down 0.5%, “Dubai Financial” 2.53%, and “Shuaa Capital” 1.42%.
On the other hand, the transportation sector increased by 0.4%, due to the rise of “Aramex” by 1.95% and “Gulf Navigation” by 1.92%, despite the decline of “Air Arabia” by 1.29%.
Liquidity Direction
“First Abu Dhabi” topped the trading in the capital market with a value of 295.4 million dirhams, closing at 19.44 dirhams, followed by “International Holding” with a liquidity of 272.8 million dirhams and closed at 151.2 dirhams, then “Aldar Properties” which attracted “242.5 million dirhams of liquidity to reach the level of 4.14 Dirhams, fourth, “Alpha Abu Dhabi”, with 124.13 million dirhams, reaching 25.62 dirhams.
In the Dubai market, “Ajman Bank” topped the transactions with a value of 176.8 million dirhams, closing at 0.855 dirhams, followed by “Emaar Properties” with a liquidity of 152.4 million dirhams, arriving at 5.13 dirhams, then “Dubai Financial” with transactions worth 77.94 million dirhams and closing at 2.69 dirhams, while “Deyaar” attracted 70.6 million dirhams, to close at 0.517 dirhams.
“Amlak Finance” recorded the highest increase in the Dubai market, by 14.95%, to close at 0.661 dirhams, while “National Cement” recorded the most decline by 9.62%, reaching the level of 2.16 dirhams.
At the forefront of the rising shares in the Abu Dhabi market was the “National Tourism Corporation”, by 14.69%, to close at 2.81 dirhams, while “Ze Stores” came at the forefront of the decline, with a rate of 8.79%, to the level of 29.9 dirhams.
nationalities
With regard to trades by nationalities in the Abu Dhabi market, Arab and foreign investors tended to buy in the Abu Dhabi market, with a net investment of 94.14 million dirhams, the proceeds of purchase, of which 12.99 million dirhams was the proceeds of the purchase of Arabs and 81.15 million dirhams the proceeds of foreign purchases.
On the other hand, Gulf investors and citizens tended to monetize, with a net investment of 94.15 million dirhams, the proceeds of sale, of which 2.6 million dirhams were the proceeds of the sale of Gulf nationals, and 91.5 million dirhams the proceeds of the sale of citizens.
In the Dubai market, Arab and foreign investors tended to buy, with a net investment of 37.7 million dirhams as a purchase proceeds, of which 4.67 million dirhams was the proceeds of Arab purchases and 33 million dirhams was the proceeds of foreign purchases.
On the other hand, Gulf investors and citizens tended to monetize with a net investment of 37.7 million dirhams, the proceeds of sale, of which 2.97 million dirhams was the proceeds of the sale of Gulf nationals and 37.7 million dirhams the proceeds of the sale of citizens.
Institutions
The performance of investment portfolios that tended to buy in the Abu Dhabi market varied, with a net investment of 88.5 million dirhams, as a result of purchase, while they tended to be liquidated in the Dubai market, with a net investment of 65.87 million dirhams, as a result of selling.
On the other hand, individual investors tended to buy in the Dubai market, with a net investment of 65.87 million dirhams, as a result of buying, while they tended to liquidate in the Abu Dhabi market, with a net investment of 88.5 million dirhams, as a result of selling.
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