Abu Dhabi: Muhannad Dagher
UAE stock indices closed slightly lower in Tuesday’s session, with the Abu Dhabi market dropping 0.06% to 10,359 points, while the Dubai market fell 0.27% to 3,330 points.
In the face of the decline in the indices, the shares of «Gulf Navigation» listed on the Dubai market jumped near the maximum allowable level (14.85%) to the level of 0.603 dirhams, attracting liquidity of 110 million dirhams, following the company signed an agreement with a strategic investor to provide cash liquidity.
In the Abu Dhabi market, the “Bayanat” share returned, rising 7.33% at a price of 6 dirhams, attracting 142 million dirhams of liquidity, noting that the stock had jumped by the maximum for more than one session during the past week, and thus the two shares had attracted 252 million dirhams of liquidity.
Foreign (non-Arab) investors seized the declines of many stocks, pumping 161.64 million dirhams in the proceeds of purchase, of which 136.75 million dirhams in the proceeds of purchase in Abu Dhabi, and 24.8 million dirhams in the proceeds of purchase in Dubai.
The shares gained a total liquidity of 1.8 billion dirhams, of which 1.4 billion dirhams were in the Abu Dhabi market, and 407.2 million dirhams in the Dubai market, and the traded quantities of shares amounted to 611.76 million shares, distributed by 300.16 million shares in Abu Dhabi, and 311.6 million shares in Dubai.
The share prices of 33 companies increased, while the share prices of 46 companies declined, and this came through the implementation of 23,753 transactions.
Abu Dhabi market
The decline in the Abu Dhabi market index came with the decline of leading stocks in more than one sector, especially banking, telecommunications and energy.
In banks, “Abu Dhabi Commercial” decreased by 1.05%, compared to an increase in “First Abu Dhabi” by 0.1% and “Abu Dhabi Islamic” by 2.19%.
In communications, “Etisalat-E&” decreased by 0.79%, and “Aliasat” by 0.38%. It decreased in industries, “Arkan” by 1.96%, “Abu Dhabi Ports” by 0.17%, and “Bulldozers” by 0.08%, with the stability of “Alpha Abu Dhabi”.
On the other hand, in the real estate sector, the share of “Al-Dar” rose 1.36%, in front of the decline of “Ishraq” by 0.2%, “Manazil” by 0.94%, and the stability of “Ras Al-Khaimah Real Estate”.
The share of “International Holding” rose 0.08%, “Multiple Play” 0.21%, and “Taqa” 0.54%, in front of the decline of “Burjeel” 0.82%.
Dubai market
In turn, the Dubai market index declined, affected by the decline in the sectoral indices of real estate, financial services and utilities shares.
In real estate, “Emaar Properties” stabilized, with “Emaar Development” falling 2.24%, “Tecom” 1.29%, “Union Properties” 1.15%, and “Deyaar” 3.02%.
In terms of the financial services sector, “Dubai Islamic” decreased by 0.86% and “Amlak” by 2.41%, compared to the rise of “Emirates NBD” by 0.38% and “GFH” by 1.13%, with the stability of “Dubai Financial”.
In utilities, “Dewa” stabilized, with “Empower” falling 0.73% and “Tabreed” 2.62%, while in the industrial sector, “Air Arabia” declined 0.96%, “Aramex” 0.27%, and “Dubai Investments” 0.44%, compared to an increase in “Salik”. » 0.44%.
liquidity orientation
In terms of trading in the Abu Dhabi market, the list was topped by “International Holding” with a value of 218.27 million dirhams, closing at 399.4 dirhams, followed by “Alpha Abu Dhabi” with a liquidity of 148.4 million dirhams, reaching the level of 27.5 dirhams, then “Multiplay” with transactions of 145.74 million dirhams, to close. at 4.83 dirhams, and fourthly, “data”, with transactions of 141.74 million dirhams, reaching the level of 6 dirhams.
In the Dubai market, trading was topped by “Emaar Properties” with a value of 118.4 million dirhams, closing at 6.12 dirhams, followed by “Gulf Navigation” and thirdly “Dubai Islamic” with liquidity of 33.12 million dirhams, reaching the level of 5.75 dirhams, and fourthly, “Empower” with 21.26 million dirhams. of liquidity to close at 1.35 dirhams.
nationalities
Regarding trading by nationalities in the Abu Dhabi market, Arab and foreign investors tended to buy, with a net investment of 144.67 million dirhams as a result of buying, of which 7.9 million dirhams as a result of buying Arabs, and 136.75 million dirhams as a result of buying foreigners.
On the other hand, Gulf investors and citizens tended towards liquidation with a net investment of 144.67 million dirhams from the sale proceeds, of which 25.39 million dirhams from the sale of Gulf nationals, and 119.28 million dirhams from the sale of citizens.
In the Dubai market, Arab and foreign investors tended to buy as well, with a net investment of 29.29 million dirhams from the purchase, of which 4.4 million dirhams from the purchase of Arabs, and 24.8 million dirhams from the purchase of foreigners.
On the other hand, Gulf investors and citizens tended towards liquidation, with a net investment of 29.29 million dirhams, the proceeds of sale, distributed by 18.38 million dirhams, the proceeds of selling Gulf citizens, and 10.9 million dirhams, the proceeds of selling citizens.
institutions
The performance of investment portfolios that tended to buy in the Dubai market varied, with a net investment of 25.65 million dirhams, the proceeds of buying in Dubai, and 17.94 million dirhams, the proceeds of selling in Abu Dhabi. On the other hand, individual investors tended to buy in the Abu Dhabi market with a net investment of 17.94 million dirhams as a result of purchase, while they tended towards liquidation in Dubai with a net investment of 25.65 million dirhams as a result of selling.