Abu Dhabi: Muhannad Dagher
Purchases in local stocks were strengthened in Wednesday’s session, with liquidity distributed among many stocks in more than one sector; This is despite the investors’ implementation of quick profit-taking operations on some other stocks, especially in banks and energy, in the Abu Dhabi market, whose index held at 9100 points, while the Dubai market rose at 3,335 points with the support of the leading and defensive stocks.
The Dubai market’s gains came with the support of “Dubai Islamic” up by 1.18%, “Emaar Properties” 0.79%, “Dubai Financial” 0.42%, “Air Arabia” 1.22%, “Emirates NBD” 1.4% and “Aramex” 1.98%.
In the Abu Dhabi market, “Aldar Properties” rose 1.43%, “Alpha Abu Dhabi” 1.03% and “Etisalat” 0.48%, which eased the pressures of banks, with the decline of “First Abu Dhabi” 0.79% and “Abu Dhabi Commercial” 0.62%.
The shares attracted a liquidity of 1.6 billion dirhams, including 1.38 billion dirhams in the Abu Dhabi market, and 216.38 million dirhams in the Dubai market, and the traded quantities of shares were 279.87 million shares, distributed as 185.2 million shares in Abu Dhabi and 94.67 million shares in Dubai.
The shares of 40 companies rose, while the shares of 31 companies declined, and this came through the implementation of 11,251 transactions.
Dubai market
In detail, the Dubai Financial Market index rose 0.8% at the level of 3335.79 points, with the increase in the sectoral indices of the shares of banks, real estate, investment, transport and commodities.
The real estate sector rose 0.67% as a result of the rise of “Emaar Properties” 0.79%, “Emaar Development” 0.2%, “Union Properties” 0.36% and “Deyaar” 0.85%, while “DAMAC” settled unchanged.
The banking sector rose 1% due to the rise of “Dubai Islamic” by 1.18% and “Emirates NBD” by 1.44%, with the stability of “Amlak” and “GFH”.
The investment sector increased 0.4% following “Dubai Financial” rose 0.42% and “Dubai Investment” 0.43%, while “Shuaa Capital” settled at its previous close.
The transport sector rose 1.5 percent, as a result of “Air Arabia” increasing by 1.2 percent and “Aramex” 1.98%, compared to the decline of “Gulf Navigation” 1.36%.
Abu Dhabi market
In turn, the Abu Dhabi Securities Exchange index declined marginally by 0.03% to the level of 9100.28 points, with the sectoral indicators varying.
The investment sector received support from “Alpha Abu Dhabi”, which rose 1.03% and “Eshraq” 0.94%, while “Waha Capital” stabilized, and “International Holding” decreased by 0.16% and “Multiplay” 0.63%.
In the real estate sector, “Al Dar” rose 1.43% and “Ras Al Khaimah Real Estate” 2.17%. In telecom, “Etisalat” shares increased by 0.48% and “Yahsat” 0.76%.
The “ADNOC Distribution” share maintained its rise for the second day in a row by 0.73%, compared to the decline of “ADNOC Drilling” by 0.29%, “Dana Gas” 0.92% and “TAQA” 0.81%.
On the contrary, the banking sector declined due to the decline of “First Abu Dhabi” by 0.79% and “Abu Dhabi Commercial” by 0.62%, in front of the increase of “Abu Dhabi Islamic” by 2.38%.
Liquidity Direction
“International Holding” topped the transactions in the Abu Dhabi market with a value of 311.4 million dirhams, closing at 187.5 dirhams, followed by “First Abu Dhabi” with a liquidity of 300 million dirhams and closed at 20.14 dirhams, then “Aldar Properties” with transactions of 231.4 million dirhams and closed at 4.26 dirhams, then “Alpha Abu Dhabi” with a liquidity of 133.56 million dirhams, closing at 27.9 dirhams.
In the Dubai market, “Dubai Islamic” led the trading with 68.36 million dirhams, closing at 6 dirhams, followed by “Emaar Properties” with 47 million dirhams, to close at 5.05 dirhams, then “Dubai Financial” by attracting 19.17 million dirhams and closed at 2.34 dirhams, while it attracted «Air Arabia» 19 million dirhams to close at 1.65 dirhams.
And “Gulf Medical Projects” recorded the most increase in the Abu Dhabi market by 10%, closing at 2.75 dirhams, while “Ras Al-Khaimah National Bank” recorded the most decline by 7.17%, to close at 187.5 dirhams.
The rises in the Dubai market were led by “Ithmaar” by 3.3%, to close at 0.248 dirhams, while the declines were claimed by the “Takaful House”, the largest by 2.2%, to close at 1.33 dirhams.
nationalities
With regard to trades by nationalities in the Abu Dhabi market, Gulf and foreign investors tended to buy, with a net investment of 166.44 million dirhams, the proceeds of purchase, of which 18.96 million dirhams were the proceeds of the purchase of Gulf nationals and 147.48 million dirhams the proceeds of foreign purchases.
On the other hand, Arab investors and citizens tended to monetize, with a net investment of 166.44 million dirhams, the proceeds of sale, of which 7 million dirhams were the proceeds of the sale of Arabs, and 159.36 million dirhams the proceeds of the sale of citizens.
In the Dubai market, Gulf and foreign investors tended to buy with a net investment of 45.6 million dirhams, a purchase proceeds of 8.9 million dirhams from the purchase of Gulf nationals and 36.72 million dirhams the proceeds of foreign purchases.
On the contrary, Arab investors and citizens tended to monetize, with a net investment of 45.6 million dirhams, the proceeds of selling, distributed by 7.7 million dirhams, the proceeds of the sale of Arabs, and 37.93 million dirhams, the proceeds of the sale of citizens.
Institutions
The performance of the investment portfolios, which tended to buy in the Dubai market, with a net investment of 20.3 million dirhams, as a result of purchase, varied, while it tended to be liquidated in the Abu Dhabi market, with a net investment of 1.3 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 1.3 million dirhams, as a result of buying, while they tended to be liquidated in the Dubai market, with a net investment of 20.3 million dirhams, as a result of selling.