The shares of Emirates NBD and Abu Dhabi Islamic Bank rose after announcing their financial results, while the shares of other companies in real estate, industry and utilities were under pressure in response to the continued selective buying of shares with cheap prices.
The Dubai market index rose by 0.06% at 4169.87 points, while the Abu Dhabi market index fell by 0.04% at 9041.51 points.
Emirates NBD shares rose 1.84% to 16.55 dirhams, with liquidity amounting to 71.3 million dirhams. Abu Dhabi Islamic Bank rose 2.73% to 11.3 dirhams, with liquidity of 47 million dirhams. “Manazel” jumped in the Abu Dhabi market to the maximum level at 0.351 dirhams, with liquidity amounting to 22 million dirhams.
Most real estate stocks came under pressure, including “Emaar Properties,” down 0.97%, and “Aldar Properties,” down 0.58%. The declines came under pressure from sales to non-Arab foreigners and a net investment of 82.45 million dirhams in sales proceeds, of which 56.25 million dirhams were sales proceeds in Dubai, and 26.2 million dirhams were sales proceeds in Abu Dhabi.
The shares recorded liquidity worth 1.58 billion dirhams, including 992.28 million dirhams in Abu Dhabi and 592 million dirhams in Dubai, and the traded quantities of shares were 616.3 million shares, distributed as 223.6 million shares in Dubai and 392.7 million dirhams in Abu Dhabi.
The Abu Dhabi Market Index fell 0.04% at 9,041.51 points, with shares in the financial, real estate, industry, energy and utilities sectors declining.
In finance, “First Abu Dhabi” fell by 0.16%, “Multiplay” by 0.41%, and “Bank of Sharjah” by 2.17%, while “International Holding” rose by 0.03%. In the energy sector, “ADNOC Distribution” increased by 0.58%, and “Dana Gas” increased by 3.72%, compared to the decline of “ADNOC Drilling” by 1.04%, and “ADNOC Gas” by 0.34%.
On the industrial level, “ADNOC Logistics” decreased by 0.5%, “Abu Dhabi Ports” by 1.69%, and “Alpha Dhabi” by 1.8%, compared to an increase in “Emirates Steel – Arkan” by 0.7%, “Marine Dredging” by 1.75%, and “Q Holding” by 1%. In the utilities sector, “Energy” fell by 2%, and in the telecommunications sector, the shares of “Etisalat E&” remained stable, while “Yahsat” declined by 0.42%. In real estate, “Ishraq” rose 0.96%, “Manazel” rose 14.71%, and “Ras Al Khaimah Properties” rose 0.83%. In technology, “Burjeel” rose by 1.43%, compared to the decline of “Phoenix Group” by 2.23% and “Brissite” by 1.92%.
In turn, the Dubai Financial Market index rose 0.06% to 4169.87 points, supported by a major rise from Emirates NBD, in the face of pressure on real estate, industrial and utility stocks.
In the financial sector, “Dubai Islamic” decreased by 2.3%, “Dubai Financial Market” by 1.46%, and “Amlak” by 1.76%, compared to an increase in “Dubai Commercial” by 4.16%, “GFH” by 5.75%, and “Mashreq Bank.” 2.85%. In real estate, shares of “Deyaar” fell by 4.75%, “Tecom” by 0.36%, and “Union Properties” by 0.94%, compared to an increase in “Emaar Development” by 0.82%.
On the industrial level, “Dubai Investment” rose 0.87%, “SALIC” rose 1.73%, compared to the decline of “Air Arabia” 1.1%, “Dubai Taxi” 2.79%, “Gulf Navigation” 1.72%, and “Parkin” 2.17%. . Regarding utilities, “DEWA” decreased by 0.84%, and “Empower” by 2.51%, compared to an increase in “Tabreed” by 0.34%.
Abu Dhabi’s liquidity was topped by “International Holding” with a value of 198 million dirhams, closing at 399.6 dirhams, followed by “Alpha Dhabi” with 85.7 million dirhams, reaching 14.22 dirhams, then “Multiplay” by attracting 56.78 million dirhams, closing at 2.4 dirhams, and fourthly, “Aldar Properties” with transactions worth 49.46 million dirhams, closed at 5.18 dirhams. In Dubai, trading was led by “Emaar Properties” with 118.6 million dirhams, closing at 8.15 dirhams, followed by “Gulf Navigation” with 71.43 million dirhams, closing at 7.42 dirhams, then “Emirates NBD” with 71.3 million dirhams, closing at 16.55 dirhams, and fourthly, “Parkin.” » With transactions of 57.4 million dirhams, it closed at 2.7 dirhams.
Regarding trades by nationality, citizens tended to buy, with an investment of 27 million dirhams, and the Gulf nationals did the same, investing 500 thousand dirhams. On the other hand, foreigners decided to sell, investing 26.2 million dirhams, and Arabs did the same, investing 1.2 million dirhams.
In Dubai, Arabs and citizens tended to buy, investing 68.1 million dirhams. Gulf and foreign investors went for the sale, investing 68.1 million dirhams.
The performance of investment portfolios varied, as they tended to buy in Abu Dhabi, investing 20.8 million dirhams, while they tended to sell in Dubai, investing 112.94 million dirhams. Individual investors went to buy in Dubai, investing 112.94 million dirhams, while they went to liquidate in Abu Dhabi, investing 20.8 million dirhams.