Hossam Abdulnabi (Dubai) The weekly statistics of the Abu Dhabi Securities Exchange showed that individual investors stuck to their shares and tended to collect shares during the past week, as individual investors bought 2.43 billion shares once morest selling 2.37 billion shares, bringing the net result of their transactions during the week to the purchase of 66.9 million shares. The statistics indicated that the value of shares purchased by individual investors in the Abu Dhabi market amounted to 8.21 billion dirhams, compared to sales of 7.97 billion dirhams, and the sum of their transactions was a purchase of 239.86 million dirhams. With regard to the transactions of investors from companies and financial institutions, they bought 4.34 billion shares during the past week, compared to selling 4.4 billion shares, with a total (sale) of 66.9 million shares. sold) for a value of 239.86 million dirhams.
According to Abu Dhabi Securities Exchange data, foreign investors (other than the Gulf and Arabs) bought 258.89 million shares, worth 1.398 billion dirhams, and in return sold 276.64 million shares, worth 1.44 billion dirhams.
Citizens purchased 837.62 million shares worth 5.874 billion dirhams, compared to the sale of 843.68 million shares, worth 5.98 billion dirhams. The outcome of Gulf investors’ transactions was a purchase of 135.6 million dirhams from purchases of shares worth 252.59 million dirhams and sales of 116.9 million dirhams. dirhams.
Standard week
In addition, the weekly report analyzing the performance of local stock markets, prepared by Osama Al-Ashry, a member of the Association of Technical Analysts in the United Kingdom, confirmed that the Abu Dhabi Securities Exchange continued to achieve positive records during the past week, to be considered a historic week.
The report stated that the market value of the shares of companies listed on the Abu Dhabi Securities Exchange last week exceeded the threshold of 2 trillion dirhams (545 billion dollars) for the first time in its history, and thus the market occupies the second place in terms of market value among the financial markets in the Middle East.
On the other hand, the report said that the Abu Dhabi Securities Exchange recorded the highest rate of increase in the value of trading in the Arab stock exchanges during the month of May 2022, and the initial offerings boosted the performance of the market during the month of May 2022, bringing the value of trading to 393 billion dirhams.
The report added that the Abu Dhabi Securities Market Index closed at the level of 9578 points at the end of last week’s trading, down by nearly 2% compared to the closing of the previous week, indicating that the index is trading at high risk levels at the present time following it was overbought on the long-term trend maps by targeting it. The resistance levels are above the psychological resistance barrier at 10 thousand points without succeeding in exceeding it upwards or trading near it for some time.
market trading
According to the report, the trading volume of the Abu Dhabi market during the past week fell to the level of 1.181 billion securities, worth 7.263 billion dirhams, down by approximately 26% from the value of the previous week’s trading, noting that this decline in the value of trading is very logical, as the value of the previous week’s trading was high As a result of trading on the first day of listing “Borouge” shares.
The report indicated that with a quick look at the insurance sector in the Abu Dhabi Stock Exchange, we note that there is a noticeable decrease in the consolidated profits of the insurance sector, as the combined profits of 16 insurance companies listed in the market decreased to approximately 245 million dirhams by the end of the first quarter of the current year 2022, a decrease of approximately 22% compared to In the corresponding period of the previous year, in which it achieved approximately 316 million dirhams.
Insurance companies
The report stated that, in more detail, the profits of 6 insurance companies increased compared to the same period in 2021, led by the “Sharjah Insurance” company, whose profits rose by 782%, the “Union Insurance” company, whose profits increased by 73%, and the “Al Dhafra Insurance” company, which rose Its profits increased by 33%, the profits of “Al Ain Al Ahlia Insurance” increased by 14%, and the profits of “Al Wathba Insurance” increased by 1%, pointing to a decrease in profits of 7 companies during the first quarter of this year, led by “Fidelity Insurance” by 86 The profits of the “Abu Dhabi National Takaful Company” decreased by 54%, and the profits of the “Abu Dhabi National Insurance Company” decreased by 37%, while the profits of “Insurance House” decreased by 35%, “Emirates Insurance” by 26% and “Fujairah National” “Insurance” by 19% and “Lake National Insurance” by 5%, and the first quarter of this year saw 3 companies turn losses in return for achieving profits during the same quarter of last year 2021.
Dubai market
As for the Dubai Financial Market Index, it closed at the end of the week at the level of 3,376 points, an increase of nearly 2% compared to the previous week. The index is on the rise, targeting the main resistance level at 3,551 points and exceeding it upwards, which may lead to its decline towards support levels around the psychological support barrier at 3000 points during the trading of the current month, noting that the market trading volume during the trading of last week amounted to regarding 531 million shares, with a value of trades close to 1.44 billion. dirhams.