UAE – Selective purchases give shares of AED 1.7 billion

UAE – Selective purchases give shares of AED 1.7 billion
UAE – Selective purchases give shares of AED 1.7 billion
Source: (MENAFN – Al-Bayan)
  • Abu Dhabi – Rami Samih

Date: 09 October 2020 Shares closed in the green square at the end of yesterday’s session, and their market capital gained more than 1.7 billion dirhams, supported by selective purchases, targeting some leading stocks in the real estate, banking and telecommunications sectors, before the start of the mid-results marathon, while anticipation continued to control investor sentiment, waiting The market increased marginally by 0.07%, or 1.59 points, to reach 2,214.32 points, with the growth of real estate, banking and investment stocks, while the Abu Dhabi market rose 0.4%, or 17.98 points, to close at 4,512.51 points, with the rise in bank shares. Real estate, communications and investment.

The shares attracted liquidity by about 435.8 million dirhams, distributed by 321.8 million dirhams in Abu Dhabi and 114 million dirhams in Dubai, and 220.38 million shares were traded, including 135.2 million in Dubai and 85.12 million in Abu Dhabi, through 4443 transactions.

Dubai market

Supporting the cohesion of the Dubai market, the real estate sector rose 0.12%, with Emaar Malls growing 2.13%, while Emaar Properties stabilized, Damac decreased by 0.34%, Union Properties decreased by 1.52%, Emaar Development rose 1.72%, and the banking sector rose 0.28% , With Dubai Islamic rising 1.2%, while Emirates NBD decreased 0.47%.

The investment sector rose 0.66% with Dubai Investments growing 0.9%, Dubai Financial Market 0.25%, Shuaa down 0.68%, the transport sector declining 1.01%, with Aramex dropping 2.56% and Gulf Navigation 4.07%, while it increased. Air Arabia 1.87%.

Emaar Properties dominated the activity, attracting 25.8 million dirhams, followed by Emirates NBD, attracting 14.7 million dirhams, and then Ithmaar Holding 14.2 million dirhams. Al Salam Holding achieved the largest increase by 2.67%, while Ithmaar was the lowest, by 4.98%. Arab and Gulf investors and citizens tended towards buying, with a net investment of 14.81 million dirhams, while foreign investors tended towards liquidation.

Abu Dhabi Market

The rise in the Abu Dhabi market supported the growth of the banking sector by 0.47%, with the rise of ‘First Abu Dhabi’ by 0.54%, ‘Abu Dhabi Commercial’ 0.72%, and ‘Abu Dhabi Islamic’ 0.24%, and the telecommunications sector grew by 0.24%, with the share of ‘Etisalat’ increasing by the same.

The real estate sector increased 1.04%, with Aldar 1% and Ras Al Khaimah Real Estate rising 1.58%, and the investment sector growing 0.43%, with Waha Capital rising 2%, Ishraq 1.02% and Global Holding 0.21%, while it decreased The energy sector rose 0.5%, with ADNOC Distribution dropping 2.87%, while TAQA rose 0.71%, and Dana Gas rose 1.14%.

First Abu Dhabi leads the activity, attracting 81.6 million dirhams, followed by Aldar with 61.1 million dirhams, and then International Holding with 57.4 million dirhams. Agthia achieved the largest increase by 8.48%, while Emirates Driving School was the lowest, with 4.95%. Arab and Gulf investors and citizens began to buy, with a net investment of 63.91 million dirhams, while foreign investors moved towards liquidation.

The performance of institutions varied, as they tended to buy in the Abu Dhabi market, with a net worth of 23.5 million dirhams, towards liquefaction in Dubai, with a net 15.5 million dirhams, while individual investors tended to buy in the Dubai market with a net 15.5 million dirhams, and towards liquefaction in the Abu Dhabi market with a net 23.5 million dirhams.


* Agility Public Warehousing, with 6.15 million shares, has subscribed approximately 12 million Kuwaiti dinars in Hyliion through Cooley Capital, however it has not yet obtained confirmation of participation, nor has it received share certificates.

* Methaq Takaful Insurance Company announced the resignation of Noura Al Mazrouei as a member of the Board of Directors, and the appointment of Khawla Al Hammadi to replace her.


These were the details of the news UAE – Selective purchases give shares of AED 1.7 billion for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Used car tires..the new black gold in Nigeria
NEXT Saudi central bank approves insurance for transporting parcels