UAE – Stock market shutdowns varied, awaiting a marathon of economic...

UAE – Stock market shutdowns varied, awaiting a marathon of economic...
UAE – Stock market shutdowns varied, awaiting a marathon of economic...
(MENAFN – Al-Bayan) Date: October 07, 2020 The closing of local stocks varied at the end of yesterday’s session, as they continued to move in a transversal range as investors awaited the emergence of new stimuli, especially with the imminent launch of the marathon of companies’ disclosures of their quarterly results for the third quarter of this year.

The market marginally rose 0.03% to 2,225.5 points with the rise in banking and telecommunications stocks, while the Abu Dhabi market fell 0.11% at 4,482.7 points, under pressure from banking, real estate, energy and industry shares.

The shares attracted liquidity at about 486.7 million dirhams, of which 170.7 million in Dubai and 316 million in Abu Dhabi, and 352.6 million shares were traded, distributed by 259.3 million in Dubai and 93.5 million in Abu Dhabi, through 4,682 transactions.

Several stocks achieved high price levels issued by Agthia, with a rise of 7.82% to the highest level in 18 months since April 2019, after the group announced that it had received an offer from Industries to unify its business with Al Foah, and Waha Capital scored 2%, its highest level since October 2019.

Dubai market

And support for the cohesion of the Dubai market, the rise of the banking sector by 0.34%, with the rise of ‘Emirates NBD’ 0.96%, while ‘Dubai Islamic’ decreased by 0.23%. The telecom sector increased 1.9%, with Du increasing by the same percentage.

The real estate sector fell 0.14%, with Emaar Properties dropping 1.1%, Damac 1.42% and Union Properties, while Emaar Malls rose 2.83%, Emaar Development 1.71% and Dyar 1.79%. The transport sector fell 1.6%. The investment sector has stabilized.

Dubai Islamic dominated the activity, attracting 38.86 million dirhams, followed by Union Properties with 31.35 million dirhams. Al Madina Finance achieved the largest increase by 4.16%, while Ithmaar decreased the most by 5%. Arab and foreign investors tended to buy, with a net worth of 8.11 million dirhams, while Gulf investors and citizens tended to liquidate.

Abu Dhabi Market

The Abu Dhabi market was affected by a 0.26% decline in the banking sector, with First Abu Dhabi falling 0.18% and Abu Dhabi Commercial 1.08%, while Abu Dhabi Islamic was stable, and the real estate sector declined 0.02%. The energy sector fell 0.46%, and the investment sector increased 0.17%. The telecom sector has stabilized.

First Abu Dhabi led the activity, attracting 77.3 million dirhams, followed by 60.4 million dirhams. Foods scored the largest increase, while Baldco fell the most by 5%. Gulf and foreign investors bought with a net worth of 58.5 million dirhams, while Arab investors and citizens tended to liquidate.


The performance of the institutions varied, as they tended to buy in the Abu Dhabi market, with a net worth of 3.2 million dirhams, while they tended to sell in the Dubai market with a net 100 thousand dirhams, while individual investors tended to sell in Abu Dhabi with a net 32.2 million dirhams, and towards buying in Dubai, with a net 100 thousand dirhams.


★ AXA Green Crescent Insurance Company revealed that Ras Al Khaimah Cement Company sold 18.29 million shares of its shares, while Jassim Muhammad Rafi Muhammad Sharif Al Siddiqi bought about 19.9 million shares equivalent to 9.95% of AXA shares

★ GFH announced details of the availability of liquidity for its shares in the Dubai market, as the number of securities purchased reached 84.56 million papers, and sold 17.67 million, while the total amounts paid were 52.47 million dirhams, and received 10.94 million dirhams, and the balance of securities reached 61.45 million , And the cash balance is 31.25 million dirhams.

★ Al Salam Bank Bahrain announced a new partnership with the Ministry of Housing and the Housing Bank to provide its customers with an exclusive offer on real estate financing within the ‘Mazaya Social Housing’ program, enabling them to buy homes in the new Danat Al Lawzi project.

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