2023-10-23 21:16:22
Hossam Abdelnaby (Abu Dhabi)
Local stock market indices reduced the pace of their declines in recent days, starting this week’s trading with good increases at the beginning of trading before closing with acceptable declines of 0.33% for the Abu Dhabi Securities Market index, and a decline of 0.57% for the Dubai Financial Market index.
The purchasing transactions of Emirati investors contributed to the cohesion of the markets’ performance, reaching 840.8 million dirhams in both markets, with the result of their transactions being “buying” worth 47.7 million dirhams, distributed by 16.1 million dirhams net buying in the capital market and 31.64 million dirhams net buying in the Dubai market. .
Abu Dhabi Market
According to Abu Dhabi Securities Market data, the market index decreased yesterday by 0.33% to the level of 9275.82 points. The total value of trades amounted to 888.68 million dirhams, including more than 192.52 million shares, through 13,994 transactions.
The shares of 24 companies out of 70 companies whose shares were traded rose, the shares of 39 companies fell, and the shares of 7 companies remained stable.
“International Holding” stock topped the list of the most active in terms of value with regarding 204.8 million dirhams, followed by “Alpha Dhabi Holding” with a value of 117.71 million dirhams, then “Multiplay” with a trading value of 72.71 million dirhams, and “Aldar Properties” came fourth with a value of 45.57 million dirhams, then “Q Holding” is fifth, with a value of 53 million dirhams. “Manazel” stock came at the top of the most active stock in terms of trading volume with 30.41 million shares traded, followed by “Ishraq” with 23.66 million shares traded, then “Multiplay” with regarding 22.44 million shares, and “Q Holding” came fourth following 11.26 million shares were traded, then “ ADNOC Gas” with 9.84 million shares traded.
Some active stocks returned to the green zone yesterday, as “Alpha Dhabi” shares rose by 2.16%, recording 18 dirhams, and “Q Holding” shares rose by 1.68% to 3.02 dirhams, as well as “Manazel” shares rose by 5.57% to 0.36 dirhams, and “Ishraq” shares rose. By 0.47% to 0.428 dirhams.
Regarding foreign investment in the Abu Dhabi market, the total value of non-Emirati foreigners’ purchases of shares amounted to regarding 204.35 million dirhams, compared to sales worth 220.45 million dirhams, bringing the net foreign investment to regarding 16.1 million dirhams as a result (sale). Purchasing transactions of financial institutions were close to selling transactions, reaching 744.63 million dirhams, compared to sales worth 744.6 million dirhams, so that the total (sale) was regarding 21.94 thousand dirhams.
Dubai market
The total trading value in the Dubai Financial Market at the end of yesterday’s trading amounted to 263 million dirhams, following 153.42 million shares were traded, through the implementation of 9,204 transactions. The general market index continued to decline by 21.6 points, or 0.57%, to reach 3729.9 points, following the shares of 15 companies rose, compared to a decline in the shares of 21 companies, and the shares of 4 companies remained stable.
The list of activities was topped by “Emaar Properties” with a turnover of 81.69 million dirhams, followed by “Emirates NBD” with a value of 23.16 million dirhams, then “Emra Development” with a value of 22.4 million dirhams. While “Union Properties” came at the top of the active stocks in terms of trading volume with regarding 40.14 million shares, followed by “Al-Firdous Holding” with 20 million shares traded, then “Emaar Properties” with 12.7 million shares traded.
The performance of active shares tended to decline during the trading session, as shares of “Emaar Properties” fell by 1.88% to close at 6.26 dirhams, “Emirates NBD” by 2.1% to 16.3 dirhams, and “Emaar Development” by 3.5% at 5.45 dirhams. And “Dubai Financial Market” by 3% to 1.26 dirhams. On the other hand, “Empower” stock topped the list of stocks that rose by 4.45% to close at 1.64 dirhams, followed by “Takaful Emarat” by 3.15%, recording 0.588 dirhams, then “Union Cooperative” by 2.59%, reaching 2.37 dirhams.
With regard to foreign investment in the Dubai Financial Market, the total value of non-Emirati foreigners’ purchases of shares amounted to regarding 106.62 million dirhams, while the total value of their sales amounted to 138.26 million dirhams, bringing the net foreign investment to regarding 31.64 million dirhams as a result (sale). The total number of financial institutions’ transactions (sales) amounted to 2.17 million dirhams, following purchases of shares worth 143.38 million dirhams, and sales transactions worth 145.56 million dirhams.
liquidity
Yesterday, local stock markets attracted liquidity of 1.15 billion dirhams, including 888.68 million trades in Abu Dhabi and 263 million in the Dubai market. Market value losses amounted to 14.27 billion dirhams following the Abu Dhabi market achieved losses of 8.76 billion, reaching 2.764 trillion dirhams, and Dubai shares decreased by 5.51 billion, reaching 631.96 billion dirhams.
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