Investors gave some real estate shares only one day to rise, until most of them returned to decline on Wednesday, especially in the Dubai market, whose index fell 0.57%, while the Abu Dhabi market managed to rise only 0.26%, with the support of “Etisalat” and “Abu Dhabi Commercial”, to remain so. Markets are hostage to caution and anticipation.
The trades generally relied on buying and selling, in an indication of the unwillingness of traders to keep the stock for a long time until the vision becomes clearer in the markets, noting the red closings of 30 companies, in contrast to the rise in shares of only 11 companies.
The market recorded a liquidity of 467.7 million dirhams, of which 140.6 million dirhams in Dubai, and 327.14 million dirhams in Abu Dhabi, and the traded quantities of shares 333 million shares, distributed by 237.9 million shares in Dubai and 95 million shares in Abu Dhabi, and this came through the implementation of 5261 transactions.
The Dubai Financial Market index fell by 0.57%, to the level of 2,212.73 points, with a decline in the sectoral indices of real estate, insurance, investment, transport and services stocks.
The real estate sector fell 1.73%, with “Emaar Properties” dropping 1.48%, “Emaar Development” 1.68%, “Emaar Malls” 2.75%, “Union Properties” 1.12%, “Deyaar” 2.12%, and “Damac” 1.66% %.
The investment sector fell by 0.89%, after “Dubai Investments” fell by 0.89%, “Dubai Financial Market” 0.61% and “Shuaa Capital” 2.5%.
The transport sector fell 0.42% due to a decrease in “Air Arabia” by 1.83% and “Gulf Navigation” by 1.18%, in contrast to the rise of “Aramex” by 0.46%.
On the contrary, the banking sector rose marginally, not exceeding 0.02%, with Emirates NBD increasing by 0.47%, while Dubai Islamic also declined 0.47%.
Abu Dhabi Market
The Abu Dhabi market index closed with gains of 0.26%, reaching the level of 4494.52 points, after the sectoral indices rose for banking, communications, investment and commodities stocks.
The banking sector increased marginally by 0.09%, with Abu Dhabi Commercial rising 1.28%, against the stability of “First Abu Dhabi” and the decline of “Abu Dhabi Islamic” 0.72%.
The telecom sector rose 0.96%, with the stock of “Etisalat” increasing by the same amount. The investment sector also rose slightly by 0.07%, after “International Holding” rose 0.31%, “Ishraq” 0.68%, while “Waha Capital” fell 1.96%.
On the other hand, the energy sector decreased 0.4%, with Dana Gas declining 0.71%, and ADNOC Distribution 0.29%, while TAQA stabilized without change.
The real estate sector also stabilized with the share of «Aldar» maintaining its previous closure, as well as «Ras Al Khaimah Real Estate».
«Emaar Properties» tops the trades of the Dubai market near 30 million dirhams, closing at 2.65 dirhams, followed by «Ithmaar» with a liquidity of 22.74 million dirhams, and closed at 0.301 dirhams, then «Aramex» with a liquidity of 17 million dirhams, to return to the increase by 0.46% at 4.29 dirhams.
In the Abu Dhabi market, First Abu Dhabi Bank issued trades at about 87 million dirhams, and closed at 11.1 dirhams, followed by «Global Holding» with a liquidity of 57.47 million dirhams, closing at 38.62 dirhams, then «Aldar» polarizing about 41 million dirhams, and closed at two dirhams.
Abu Dhabi Commercial registered the largest increase in the Abu Dhabi market by 1.28%, closing at 5.56 dirhams, while Waha Capital recorded the most decline, by 1.96% to one dirham.
At the level of the Dubai market, “Ithmaar” rose at the forefront of the gains by 5.61% to 0.301 dirhams, while the declines were led by “safety” by 4.58%, closing at 1.04 dirhams.
With regard to trades by nationalities in the Dubai market, Arab and Gulf investors and citizens have tended to buy with a net investment of 35.7 million dirhams as a purchase, of which 600 thousand dirhams are the proceeds of the purchase of Arabs, 1.18 million dirhams are the result of buying from the Gulf, and 33.93 million dirhams are the result of buying citizens. On the other hand, foreign investors moved towards liquidation, with a net investment of 35.7 million dirhams, resulting from the sale.
In the Abu Dhabi market, Arab, Gulf and foreign investors tended to buy, with a net investment of 22.24 million dirhams as a purchase, of which 9.17 million dirhams were the result of Gulf buying and 13 million dirhams were the result of foreign purchases, and with a very slight percentage as the purchase proceeds of the Arabs. On the other hand, the citizen investors tended towards liquidation, with a net investment of 22.24 million dirhams, resulting from the sale.
Foreign (non-Arab) investors focused their purchases on the shares of “ADNOC Distribution”, “Abu Dhabi Commercial”, “Ann Digital” and “Etisalat”, while their sales focused on the shares of “Emaar Real Estate”, “Al Dar” and “Dana Gas” companies. ».
The investment portfolios tended towards liquidation, with a net investment of 45.67 million dirhams from sale, of which 29.3 million dirhams were sales proceeds in Dubai, and 16.34 million dirhams were sold in Abu Dhabi.
On the contrary, individual investors tended to buy, with a net investment of 45.67 million dirhams from purchase, which was distributed by 29.3 million dirhams of purchase in Dubai, and 16.34 million dirhams of purchase in Abu Dhabi.
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