On Monday, real estate shares led the Dubai market index to rise 0.4% to the level of 4263.29 points, while the Abu Dhabi market rose 0.18% to the level of 9245 points, with major support from banking shares.
Trading in Dubai focused on 4 real estate stocks, which were “Union Properties”, rising by 8% to 0.455 dirhams, “Emaar Properties” by 2.44% to 8.37 dirhams, “Emaar Development” by 2.39% to 8.54 dirhams, and “Deyaar” by 2.85% to 0.83 dirhams, which attracted… Together, they amount to about 213.4 million dirhams, which constitute about half of the Dubai market’s liquidity.
In the Abu Dhabi market, shares of “First Abu Dhabi Bank” rose 1.66%, “Abu Dhabi Commercial” 0.36%, and “Abu Dhabi Islamic” 1.45%, in addition to the return of Taqa shares to gains by 1.67% to 3.05 dirhams, noting that it fell in the last session by more than 9%. .
In Dubai, one large deal was executed on the shares of Emirates NBD Bank, at a value of 100.5 million dirhams, distributed among 5.7 million shares at a price of 17.5 dirhams per share, while in Abu Dhabi, 3 large transactions were executed on the shares of Abu Dhabi National Hotels Company, amounting to 135.7 million dirhams, for about 210.4 million shares. At a price of 0.645 dirhams per share.
The Abu Dhabi market index rose, supported by gains in the financial, industrial and utilities sectors.
In the financial sector, many stocks bucked the banks’ gains, including “Multiplay” with a decline of 2.23% and “Invictus” by 0.38%. In the industrial sector, the shares of “Alpha Dhabi” also rose by 1.42%, compared to the decline of “Emirates Steel – Arkan” by 1.34%, “ADNOC Logistics” by 0.25%, and “Abu Dhabi Ports” by 1.22%, with “Marine Dredgers” remaining stable.
Regarding energy stocks, “ADNOC Drilling” rose 1%, “ADNOC Gas” rose 0.63%, and “Dana Gas” rose 0.61%, compared to the decline of “ADNOC Distribution” 0.54%. In real estate, “Aldar” decreased by 0.5%, “Ras Al Khaimah Properties” by 1.6%, and “Manazel” by 0.97%, with “Ishraq” stable without change.
In terms of communications, “Etisalat E&” decreased by 0.4%, while “Yahsat” rose by 0.45%. In health care, “Burjeel” shares rose 0.68%, compared to “PureHealth” falling 1.04%.
In turn, the Dubai market index rose with an increase in sectoral indices for real estate and industrial stocks, compared to a decline in finance and utilities. In the financial sector, “Dubai Financial” rose 0.68% and “Amlak” rose 1.81%, compared to the decline of “Dubai Islamic” by 0.34%, “Emirates NBD” by 0.28%, and “GFH” by 0.93%, with “Shuaa Capital” stable.
In terms of industrial sector stocks, “Air Arabia” rose 0.35%, “Aramex” rose 2.05%, “Parkin” rose 0.69%, and “Dubai Taxi” rose 1.32%, with “Salic” stable. In utilities, “Tabreed” rose 0.61%, while “Dewa” decreased 0.41%, and “Empower” remained unchanged.
Liquidity in Abu Dhabi was led by “International Holding” with a value of 204 million dirhams, closing at 399.5 dirhams, followed by “Abu Dhabi National Hotels” with a value of 136.57 million dirhams, closing at 0.647 dirhams, then “Alpha Dhabi” with a liquidity of 104.7 million dirhams, closing at 15.76 dirhams, then “Multiplay.” By attracting 54.57 million dirhams, it closed at 2.19 dirhams.
In Dubai, trading focused on “Union Properties” with a peak of 96.6 million dirhams, closing at 0.455 dirhams, followed by “Emaar Properties” with a liquidity of 63.8 million dirhams and closing at 8.37 dirhams, then “Emaar Development” with a liquidity of 32 million dirhams, closing at 8.54 dirhams, and “Deyaar.” » Attracting about 21 million dirhams in trades and closing at 0.83 dirhams.
Regarding trades by nationalities in the Abu Dhabi market, Gulf investors tended towards buying, with a net investment of 44.5 million dirhams as a result of purchases, and on the other hand, Arab, foreign and citizen investors tended towards liquidation with a net investment of 44.5 million dirhams as a result of sales, of which 17 million dirhams resulted from the sale of Arabs, and 5.5 million dirhams as a result of selling. One million dirhams is the proceeds of sales to foreigners, and 22 million dirhams is the proceeds of sales to citizens.
In Dubai, Gulf and foreign investors tended to buy, with a net investment of 48.8 million dirhams as a result of purchases, of which 40.15 million dirhams were the result of purchases by Gulf citizens, and 8.65 million dirhams were the result of purchases by foreigners. On the other hand, Arab investors and citizens moved towards liquidation with a net investment of 48.8 million dirhams as the proceeds of the sale, of which 11.4 million dirhams were the proceeds of the sale of Arabs, and 37.36 million dirhams were the proceeds of the sale of citizens.
In turn, investment portfolios tended towards buying, with a net investment of 74.8 million dirhams as a result of a purchase, of which 51 million dirhams were a result of a purchase in Abu Dhabi and 23.84 million dirhams were a result of a purchase in Dubai. On the other hand, individual investors moved towards liquidation with a net investment of 74.8 million dirhams in proceeds from sales, distributed by 51 million dirhams in proceeds from sales in Abu Dhabi and 23.8 million dirhams in proceeds from sales in Dubai.