The Dubai market is green for the fourth week…and “banks” are falling in “Abu Dhabi”

Abu Dhabi: “The Gulf”

The Dubai Financial Market index maintained its winning streak, for the fourth week in a row, by 1.7%, boosted by the leading and defensive stocks in banks, real estate and transportation, while banking stocks pressured the Abu Dhabi market index, which fell by 1.5% in a week of strong liquidity of 12.6 billion dirhams.

The “Dewa” share was the star of trading last week, attracting 2.15 billion dirhams in liquidity, and it rose by 16% since its listing on April 13, (3 trading sessions), to reach the level of 2.88 dirhams, compared to the subscription price.

About 7 companies witnessed strong increases during the past week, including “Response Holding” with an increase of 47.92% to the level of 12.1 dirhams, and “Easy Less” with an increase of 42.86% at 53 dirhams, and “Future Holding” with an increase of 33.74% to the level of 109 dirhams, and « Sports Palms» with an increase of 23.47% to 14.1 dirhams.

“Ras Al Khaimah White Cement” increased by 19.17% to 2.3 dirhams, “Q Holding” 19.12% to the level of 5.17 dirhams, and “Al-Seer Equipment” increased by 18.75% and closed at 13.3 dirhams.

Liquidity was distributed at 8.28 billion dirhams in the Abu Dhabi market, and 4.3 billion dirhams in the Dubai market, and the traded quantities of shares were 3.56 billion shares.

Dubai market

In detail, the Dubai Financial Market index rose by 1.7% at the level of 3601.67 points during a week, supported by the sectoral indices of banking, real estate and transportation shares. In banks, “Dubai Islamic” rose 1.95%, “Emirates NBD” 2.07%, and “Amlak” 6%, compared to a decline of “GFH” 1.6 percent. “Emaar Properties” rose 1%, “Emaar Development” 8%, “Union Properties” 6%, and “Deyaar” 1.3%.

“Air Arabia” increased by 8.9% and “Aramex” 1%, compared to the decline of “Gulf Navigation” 0.37%, “Dubai Financial” 8% and “Shuaa Capital” 0.15%, compared to the rise of “Dubai Investments” 3.15%.

Abu Dhabi market

The Abu Dhabi market index declined in a week, by 1.5% at the level of 9943.8 points, affected by the decline in the leading shares in the financial and communications sectors.

The “First Abu Dhabi” share decreased by 6.54% and “Abu Dhabi Commercial” by 2.62%, compared to the increase of “Abu Dhabi Islamic” by 1.73%, “International Holding” 5.15%, “Alpha Abu Dhabi” 0.9%, “Multiplay” 4.73% and “Ras Al Khaimah White Cement” by 19.17%, and Abu Dhabi Ports by 8.53%.

In the real estate sector, “Al Dar” rose by 2.4%, “Ras Al Khaimah Real Estate” 7.95%, and “Eshraq” 5.6%. While the telecommunications sector declined, affected by the drop in “Etisalat” by 2.06% and “Yahsat” by 0.36%. “ADNOC Drilling” rose 0.83%, “Dana Gas” 2.52%, and “TAQA” 14.4%.

Liquidity Direction

And the weekly trading in the Abu Dhabi market was led by the “Al Aliya Holding” share, with a value of 1.57 billion dirhams, closing at 204 dirhams, followed by “Aldar Properties” by attracting 1.46 billion dirhams, to reach 5.12 dirhams, then “First Abu Dhabi” with a liquidity of 1.27 billion dirhams, down to 22.3 dirhams. , and “Al-Fafa” by 480 million dirhams, to close at 27.04 dirhams, and “Ras Al-Khaimah Cement” attracted 380 million dirhams, and closed at 2.3 dirhams. In the Dubai market, “Dewa” traded at 2.15 billion dirhams, closing at 2.88 dirhams, since the day It was listed on April 13, followed by “Emaar Properties” with a value of 820.3 million dirhams, closing at 6.1 dirhams, followed by “Dubai Financial” with attracting 420.16 million dirhams, and closing at 2.61 dirhams, then “Dubai Islamic” with a liquidity of 207.24 million dirhams, closing at 6.27 dirhams, then «Emirates NBD», with transactions of 160 million dirhams, up to 14.8 dirhams.

Highs and Lows

The “Responsive Plus” share recorded the highest increase in a week in the capital market, by 47.92%, to close at 12.1 dirhams, followed by “Easy Less”, with a rise of 42.36%, to reach the level of 53 dirhams, and then “Future Holding”, with an increase of 33.74%, to 109 dirhams.

On the other hand, “National Takaful” recorded the most decline by 10%, closing at 0.927 dirhams, followed by “Aram Group” with a decrease of 9.68% to reach the level of 2.52 dirhams, and then “Union Insurance” with a decrease of 9.09% to the level of 0.6 dirhams.

In the Dubai market, “DEWA” share recorded the highest increase within three trading sessions, by 16.13% at the level of 2.88 dirhams, compared to the offering price of 2.48 dirhams, followed by “Mashreq Bank” with a rise of 14.6% to 77.4 dirhams, then “Oman Insurance”, with an increase of 11% to 3.33 dirhams. Conversely, “Dubai Financial” decreased by 8% to reach AED 2.61, followed by “Emirates Refreshments”, which decreased by 5.2% to AED 10.05, and then “Dar Al Takaful”, which decreased by 4.38% to AED 1.09.

nationalities

With regard to trades by nationalities in the Abu Dhabi market within a week, foreign investors tended to buy, with a net investment of 614.6 million dirhams, a purchase proceeds. Arabs, 5.9 million dirhams, the proceeds of the sale of Gulf nationals, and 595.48 million dirhams the proceeds of the sale of citizens.

In the Dubai market, Arab investors and citizens tended to buy, with a net investment of 346.4 million dirhams, the outcome of purchase, of which 44.5 million dirhams were the proceeds of buying by Arabs, and 301.9 million dirhams the proceeds of citizens’ purchase.

On the other hand, Gulf and foreign investors tended to monetize, with a net investment of 346.4 million dirhams, the proceeds of sale, distributed by 172.4 million dirhams, the proceeds of the sale of Gulf nationals, and 174 million dirhams, the proceeds of the sale of foreigners.

Institutions

The performance of investment portfolios varied in a week that witnessed a buying trend in the Abu Dhabi market, with a net investment of 338.7 million dirhams, as a result of buying, while it tended to be liquidated in the Dubai market, with a net investment of 465 million dirhams, as a result of selling. On the other hand, individual investors tended to monetize the Abu Dhabi market, with a net investment of 338.7 million dirhams, as a result of selling, while they tended to buy in the Dubai market, with a net investment of 465 million dirhams, as a result of purchase.

Dubai market index breaks through the 3600 points level

Local stock indices varied in the last sessions of the week, with the Dubai Financial Market rising 0.46% to 3601.67 points, while the Abu Dhabi market declined marginally by 0.04% at 9943.8 points.

And «DEWA» shares jumped in a session, on Friday, by 4.34% to the level of 2.88 dirhams, topping the trading of the Dubai market with a value of 230 million dirhams, during trading on 80 million shares.

“Dubai Investments” rose 2.74% to 2.62 dirhams, with a liquidity of 37 million dirhams on 14.3 million shares, while “Dubai Financial” increased 0.7% to 2.61 dirhams, attracting 30 million dirhams of liquidity over 11.6 million shares, and “Emaar Properties” increased » 0.16% at 6.1 AED, during trading of 28 Million AED on 4.6 Million shares.

The Abu Dhabi market witnessed the implementation of 5 large deals on the shares of «Ras Al Khaimah White Cement and Construction Materials», with a value of 367.5 million dirhams, on 147 million shares of the company.

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