2024-01-11 21:17:58
Hossam Abdelnaby (Abu Dhabi)
The Abu Dhabi Securities Market caught the spotlight with active trading and positive performance yesterday, as the total trading value jumped to 2.38 billion dirhams and the market index was able to continue rising and achieve market gains that exceeded 16.68 billion dirhams, bringing the market value of listed shares close to the level of 3 trillion dirhams, reaching at the end of yesterday’s trading. 2.993 trillion dirhams, bringing the market value gains of the capital market to 34.5 billion dirhams during 4 trading sessions of the current week.
The positive performance of the Abu Dhabi market was mainly supported by the transactions of foreign investors, as the total of their transactions (net purchases) amounted to 153.98 million dirhams, while the value of shares purchased by financial institutions exceeded 1.2 billion dirhams, once morest sales worth 1.8 billion dirhams.
Abu Dhabi Market
According to Abu Dhabi Securities Market data, the market index continued to rise yesterday, adding 47.95 points to its gains and closing at 9844.7 points, an increase of 0.489%.
The total trading value witnessed a significant jump yesterday, exceeding 2.385 billion dirhams, which included more than 609.31 million shares through 18,802 transactions. The shares of 35 companies out of 74 companies whose shares were traded yesterday rose, the shares of 31 companies fell, and the shares of 8 companies remained stable.
“Q Holding” stock topped the list of the most active in terms of value with regarding 369.89 million dirhams, followed by “International Holding” stock with a value of 216.69 million dirhams, then “ADNOC Distribution” with a value of 211.48 million dirhams. “Q Holding” stock came at the top of the most active list in terms of quantity with regarding 107.71 million shares, followed by “Ras Al Khaimah Properties” stock with 88.94 million shares traded, then “ADNOC Gas” with regarding 58.77 million shares.
The list of active stocks that rose yesterday included “Q Holding” by 2.38% to 3.44 dirhams, “ADNOC Gas” by 4.8% to 3.25 dirhams, and “Ras Al Khaimah Real Estate” by 4.5% to 1.37 dirhams, and “First Abu Dhabi Bank” shares recorded An increase of 2.49% to close at 15.66 dirhams following the bank announced the first issuance of sukuks in the world in 2024, with a value of $800 million with a maturity of five years, at a price of 85 basis points above the rate of US Treasury revenues, and with a total return of 4.779%.
With regard to foreign investment in the Abu Dhabi market, the total value of purchases of shares by foreigners, non-Emiratis, amounted to regarding 655.12 million dirhams, compared to sales worth 501.13 million dirhams, bringing the net foreign investment to regarding 153.98 million dirhams as a result of “purchase”.
Dubai market
The general index of the Dubai Financial Market returned to a decline yesterday by 12 points, or 0.29%, at the level of 4117.98 points, following the shares of 16 companies rose, compared to a decline in the shares of 20 companies, and the shares of 3 companies remained stable out of 39 companies traded yesterday. The total trading value in the Dubai Financial Market at the close of trading amounted to regarding 324.81 million dirhams, following 176.86 million shares were traded, through the implementation of 7,697 transactions.
The list of activities in terms of value was topped by “Emaar Properties” with a turnover of 72.6 million dirhams, followed by “Emirates NBD” with a value of 42.93 million dirhams, then “Ajman Bank” with a value of 37.47 million dirhams. While “Ithmaar Holding” came at the top of the active stocks in terms of trading volume with regarding 30.77 million shares, followed by “Iktitab” with 27.53 million shares traded, then “Ajman Bank” with 17 million shares traded.
The list of rising active stocks included “Takaful Emarat” by 7.3% to close at 0.525 dirhams, “Iktitab” by 5.76% at 0.275 dirhams, “Empower” by 5.26% at 1.8 dirhams, as well as “Ithmaar Holding” by 3.58% at 0.231. dirhams, and on the other hand, active shares declined, the most important of which were “Emaar Development” by 1.97% to close at 6.95 dirhams, and “Emaar Properties” by 1.5% at 7.78 dirhams.
With regard to foreign investment in the Dubai Financial Market, the total value of non-Emirati foreigners’ purchases of shares amounted to regarding 177.448 million dirhams, while the total value of their sales amounted to 165.105 million dirhams, bringing the net foreign investment to regarding 5.34 million dirhams as a result of “purchase.”
Institutional transactions
Selling transactions of financial institutions in the Abu Dhabi Securities Market increased from purchasing transactions, reaching 1.814 billion dirhams, compared to purchases of shares worth 1.217 billion dirhams, so that the result was a net “sale” of regarding 596.89 million dirhams. The total transactions of financial institutions in the Dubai Financial Market amounted to “sales” amounting to 29.85 million dirhams, following purchases of shares worth 172.814 million dirhams and sales transactions worth 202.67 million dirhams.
1705009892
#billion #dirhams #gains #Abu #Dhabi #shares
