- Stock liquidity 440 billion dirhams in a record year
- Foreign investment pumps 16.17 billion into Abu Dhabi
Abu Dhabi: Muhannad Dagher
Local stocks achieved strong annual gains, during which the Dubai Financial Market index rose 28.25%, which is the highest rate of gains since 2013, to reach the level of 3,195.91 points, while the Abu Dhabi Stock Exchange jumped 68.24% to the level of 8,488.36 points, and the highest percentage increase in the index since 2005 ( That is 16 years ago).
Many factors contributed to the entry of strong liquidity into the Abu Dhabi and Dubai financial markets during the past year, foremost of which were new listings and development decisions, passing through the strong financial results of companies, in addition to the decline in infection rates with the “Corona” virus as a result of the acceleration of vaccination operations.
Most of the liquidity was concentrated on the shares of companies that achieved strong financial results in banking, real estate, investment and communications, led by foreign investments, in addition to companies with positive news.
Foreign (non-Arab) investments in the two markets amounted to 18.85 billion dirhams as a purchase proceeds, of which 16.17 billion dirhams were the proceeds of purchase in the Abu Dhabi market and 2.67 billion dirhams as a purchase proceeds in the Dubai market.
The markets attracted liquidity during the year 2021 by about 440 billion dirhams, an increase of 220% compared to 2020, including 369.5 billion dirhams in the Abu Dhabi market and 70.4 billion dirhams in the Dubai market, and the traded quantities of shares 110 billion shares distributed by 49.3 billion shares in Abu Dhabi and 60.8 billion shares One billion shares in Dubai, and this came through the implementation of 1.4 million deals.
Abu Dhabi market
The Abu Dhabi Securities Exchange index recorded an increase in 2021 by 68.24% at the level of 8,488.36 points, benefiting from the strong gains of all sectoral indices, led by banks, real estate, investment, communications and energy.
The investment sector jumped 250% due to the remarkable rise of “International Holding” by 261.9%, “Waha Capital” 42.5%, “Eshraq” 11.95% and “Alpha Abu Dhabi” 82%.
The banking sector increased by 41.53% as a result of a rise of 46%, Abu Dhabi Commercial 37.58% and Abu Dhabi Islamic 46.17%.
The telecommunications sector rose 85.83%, supported by the gains of “Etisalat” share by 87.57%, despite the decline of “Yahsat” by 2.14%. The real estate sector rose 28.44%, after “Al-Dar” increased by 26.67% and “Ras Al-Khaimah Real Estate” increased by 60.63%.
The energy sector increased by 22.24% due to the rise of “ADNOC Distribution” by 13.87%, “Dana Gas” 48.46% and “ADNOC Drilling” 15.35%, compared to a decline of “TAQA” 8.33%.
In turn, the Dubai Financial Market index closed with an annual increase of 28.25% at the level of 3195.91 points, benefiting from the rise in the sectoral indices of banking, investment, real estate, insurance, transportation, communications and services.
The banking sector rose 25.32%, with “Emirates NBD” 31.55%, “Dubai Islamic” 16.7%, “GFH” 95.7%, and “Amlak” 185.77%.
The real estate sector rose 37% as a result of the rise of “Emaar Properties” 38.5%, “Emaar Development” 58.9%, “DAMAC” 7.7%, “Deyaar” 72.6%, and “Union Properties” 13.93%.
The investment sector increased 70%, supported by gains of “Dubai Financial” 205.3%, “Dubai Investments” 33%, and “Shuaa Capital” 0.7%.
The transportation sector rose 1%, after “Air Arabia” rose by 13.3% and “Aramex” 6.4%, despite the decline of “Gulf Navigation” 24.8%.
At the forefront of the most traded stocks during 2021 in the capital market came the “International Holding” share, which attracted about 79 billion dirhams, closing its price at 152 dirhams, followed by “First Abu Dhabi”, which attracted 73.36 billion dirhams and closed at 18.84 dirhams, then “Aldar Properties” with liquidity. With a value of 64.24 million dirhams, and closed at 3.99 dirhams, while “Alpha Abu Dhabi”, since the date of its listing on June 27, 2021, attracted about 32 billion dirhams, at a level of 27.3 dirhams, exceeding the liquidity of the “Etisalat” share, which amounted to 27.5 billion dirhams, and closed at 31.7 dirhams.
In the Dubai market, annual trading focused on «Emaar Properties» share, with a value of 16.7 billion dirhams, closing at 4.89 dirhams, followed by “Dubai Islamic” with a liquidity of 8.5 billion dirhams, and closing at 5.38 dirhams, then “Dubai Financial”, which attracted 8 billion dirhams, and closed at the level of 2.84 dirhams, and occupied the fourth place, “Emirates NBD”, with a liquidity of 5 billion dirhams, and closed at 13.55 dirhams.
Highs and Lows
The share of «Ras Al Khaimah Cement» recorded the highest increase in a year in the Abu Dhabi market, by 753.5%, to close at 6.7 dirhams, followed by the share of «Al Qudra Holding» with a growth of 310.91% and closed at the level of 4.52 dirhams, then the share of «Aram» (formerly Sharjah Group) with an increase 264.71% and closing at 3.1 dirhams.
On the other hand, the share of “Foodco” came the most, dropping 63.88% and closing at 1.08 dirhams, followed by “Fujairah Cement Industries”, which fell 55.68% and closed at 0.585 dirhams, then “Sharjah Insurance”, which fell 49.76% and closed at 1.06 dirhams.
The highest annual increase in the Dubai market came in the share of “Dubai Financial” by 205.37%, to close at 2.84 dirhams, followed by “Amlak Finance” with a rise of 185.7% and closing at 0.723 dirhams, then “National International Holding” with a growth of 125% and closing at 1.82 dirhams.
On the contrary, the declines were led by “Al-Firdous Holding”, by 74.36%, to close at 0.162 dirhams, followed by “Al-Saqr Insurance”, with its decline of 56.3% to the level of 0.729 dirhams, and then “Al-Mazaya Holding”, with its decline by 41.5% and closing at 1.17 dirhams.
With regard to trades by nationalities during 2021, foreign and Arab investors tended to buy, with a net investment of 16.2 billion dirhams, a purchase proceeds, of which 16.17 billion dirhams was the proceeds of foreign purchases and 37.3 million dirhams the proceeds of Arab purchases.
On the other hand, Gulf investors and citizens tended to monetize, with a net investment of 16.2 billion dirhams, the proceeds of sale, distributed by 15.26 billion dirhams, the proceeds of the sale of foreigners, and 913 million dirhams, the proceeds of the sale of Gulf nationals.
In the Dubai market, foreign investors tended to buy, with a net investment of 2.67 billion dirhams, as a purchase proceeds. On the other hand, Arab and Gulf investors and citizens tended to monetize, with a net investment of 2.67 billion dirhams, as a sale proceeds, of which 1.87 billion dirhams was the proceeds of the sale of citizens, and 565.9 million dirhams. The proceeds of the sale of Gulf nationals and 235.16 million dirhams, the proceeds of the sale of Arabs.
In turn, investment portfolios tended to buy in 2021, with a net investment of 18.9 billion dirhams, a purchase proceeds, of which 18.26 billion dirhams was a purchase in the Abu Dhabi market, and 641.89 million dirhams was a purchase proceeds in the Dubai market.
On the other hand, individual investors tended to monetize, with a net investment of 18.9 billion dirhams, a sale proceeds, of which 18.26 billion dirhams was a sale proceeds in Abu Dhabi, and 641.89 million dirhams a proceeds of sale in Dubai.
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