Abu Dhabi: Muhannad Dagher
The shares of 3 companies attracted strong liquidity in the Abu Dhabi market, on Monday, with a value of 1.24 billion dirhams, accounting for 47% of the market’s liquidity, and 42% of the total trading in Abu Dhabi and Dubai financials.
The share of «TAQA» attracted the highest trading value of 542.25 million dirhams, to close at 2.02 dirhams, after an increase of 7.45%, followed by the share of «International Holding» which attracted 367.96 million dirhams, up 0.1% at the level of 355.5 dirhams, and “Multiplay” which rose by 1.61 % to the level of 3.15 dirhams, through liquidity of 329.5 million dirhams.
This came with the decline of the Abu Dhabi market index at the close by 1.16% to the level of 10,086 points, while the shares of banks prevented the Dubai Financial Index from sliding more than 0.43% to the level of 3474 points.
The shares recorded a total liquidity of 2.92 billion dirhams, including 1.65 billion dirhams in the Abu Dhabi market, and 277 million dirhams in the Dubai market, and the traded quantities of shares were 784.95 million shares, distributed by 670 million shares in Abu Dhabi, and 114.86 million shares in Dubai.
The share prices of 27 companies rose, while the share prices of 57 companies declined, and this came through the implementation of 22204 transactions.
Abu Dhabi market
The decline in the Abu Dhabi market index came through the decline in the sectoral indices of the shares of banks, telecommunications, real estate, energy and industries.
In banks, “First Abu Dhabi” fell 1.95% and “Abu Dhabi Commercial” 0.75%, compared to a rise of “Abu Dhabi Islamic” 1.64%.
In the telecommunications sector, “Etisalat-e-and” share declined by 2.4% and “Yahsat” by 1.08%. While “Al Dar” shares fell by 1.28%, “Ras Al Khaimah Real Estate” 1.4%, and “Manazil” 0.26%, with the stability of “Eshraq”.
In industries, “Alpha Abu Dhabi” decreased by 3.27%, “Abu Dhabi Ports” 1.89% and “Marine Dredgers” 3.73%, compared to a rise in “Arkan” of 0.79%.
With regard to energy stocks, ADNOC Drilling “declined” by “1.92%” and “ADNOC Distribution” by 2.71%, compared to the rise of “Dana Gas” by 2.4 percent.
The shares of “Virtual Globe” decreased by 0.7%, “Food” by 6.51%, “Borouge” by 1%, and “Q Holdings” by 1.64%.
Dubai market
In turn, the Dubai market index was affected by the decline in the sectoral indices of real estate, transport and investment stocks, in contrast to the rise in the banking sector’s shares.
The shares of “Dubai Islamic” and “Emirates NBD” eased pressure on the market index, with an increase of 0.6% and 0.38%, respectively, as well as “Amlak” 2.38%, compared to a decline of “GFH” 0.91%.
In the real estate sector, “Emaar Properties” fell 0.7%, “Emaar Development” 2.41%, “Deyaar” 1.39% and “Tecom” 0.84%, in front of the rise of “Union Properties” 0.79%.
In investment, “Dubai Financial” shares fell 1.17%, “Dubai Investments” 0.78% and “Shuaa Capital” 3.05%.
In the transportation sector, “Air Arabia” shares declined by 0.93%, “Aramex” 1.26% and “Gulf Navigation” 0.95%. Also, “Dewa”, included in the utilities sector, decreased by 1.53%.
Liquidity Direction
In terms of stocks that attract the most liquidity in the capital market, “TAQA” came in the first place, and “Virtglobe” came in the second place, attracting 400 million dirhams, to close at 5.66 dirhams, then “International Holdings” share, and “Multiplay” in the fourth place. ».
In the Dubai market, “Emaar Properties” traded with a value of 106.5 million dirhams, closing at 6.4 dirhams, followed by “Dubai Financial” with a liquidity of 31.42 million dirhams, and closed at 1.69 dirhams, then “Dubai Islamic” with transactions of 26.7 million dirhams, reaching the level of AED 1.69. 6.07 dirhams, and Emirates NBD, with its acquisition of 22 million dirhams, to close at 13.05 dirhams.
“Al-Firdaws” recorded the highest increase in the Dubai market, by 14.68%, to close at 0.203 dirhams, while “Shuaa Capital” recorded the most decline, by 3.05%, to 0.413 dirhams.
The rises in the Abu Dhabi market were led by “ADC Corporation” by 9.68%, to close at 1.7 dirhams, while the declines were led by “Fujairah Cement” by 9.81%, reaching the level of 0.432 dirhams.
nationalities
With regard to trades by nationalities in the Abu Dhabi market, Arab and foreign investors tended to buy, with a net investment of 157.25 million dirhams, the proceeds of purchase, of which 19 million dirhams were the proceeds of the purchase of Arabs, and 138.2 million dirhams the proceeds of foreign purchases.
On the other hand, Gulf investors and citizens tended to monetize, with a net investment of 157.25 million dirhams, the proceeds of sale, distributed by 16.4 million dirhams, the proceeds of the sale of Gulf nationals, and 140.8 million dirhams, the proceeds of the sale of citizens.
In the Dubai market, Arab and foreign investors and citizens tended to buy, with a net investment of 45.25 million dirhams, the outcome of purchase, of which 7.4 million dirhams was the proceeds of the purchase of Arabs, 24 million dirhams the proceeds of the purchase of foreigners, and 13.7 million dirhams the proceeds of the purchase of citizens. The Gulf Arabs are about to be liquidated, with a net investment of 45.25 million dirhams, the proceeds of the sale.
Institutions
The performance of the investment portfolios, which tended to buy in the Dubai market, with a net investment of 18.13 million dirhams, as a result of purchase, varied, while they tended to be liquidated in the Abu Dhabi market, with a net investment of 68.4 million dirhams, as a result of selling.
On the other hand, individual investors tended to buy in the Abu Dhabi market, with a net investment of 68.4 million dirhams, as a result of buying, while they tended to be liquidated in the Dubai market, with a net investment of 18.13 million dirhams, as a result of selling.