Abu Dhabi: Muhannad Dagher
The UAE stock markets rose at historical levels, boosted by a strong buying appetite for a wide segment of shares during the past week, in light of the strong financial performance of most of the listed companies, and in parallel with the decline in global tensions related to the “Ukraine” crisis.
The Abu Dhabi market recorded a weekly increase of 1.74% at the level of 9155 points, while the Dubai market rose by 2.15% to 3,327 points.
Many shares rose at qualitative price levels, such as: “International Holdings”, which jumped 12.18% in a week at the level of 187.9 dirhams, and “Emaar Properties” with an increase of 4%, breaking the barrier of 5 dirhams, and “Air Arabia” with a growth of 11.6% to 1.63 dirhams.
The weekly data of the Abu Dhabi and Dubai financial markets showed that foreign investors (non-Arabs) were the only ones to buy, with a net investment of 788.6 million dirhams, a purchase outcome within 5 sessions, including 378.7 million dirhams, a purchase outcome in Abu Dhabi, and 409 million dirhams a purchase outcome in Dubai.
The shares garnered a weekly liquidity of 9 billion dirhams, including 7.14 billion dirhams in the Abu Dhabi market and 1.93 billion dirhams in the Dubai market, and the traded quantities of shares were 1.98 billion shares, distributed by 1.13 billion shares in Abu Dhabi and 846.7 million shares in Dubai, and this came By executing 64.47 thousand transactions.
Dubai market
The Dubai Financial Market index rose in a week by 2.15% to the level of 3,327 points, boosted by gains in banking, real estate, investment and transportation shares.
The banking sector rose 2%, after “Dubai Islamic” rose 4%, “Emirates NBD” 0.36%, and “GFH” 2.5%, compared to a decrease of “Amlak” 2%.
The real estate sector increased by 2.7%, supported by a 4% increase by “Emaar Properties” and “Emaar Development” by 0.45%, compared to a decline by “Deyaar” 1.4% and “Union Properties” 7.35%, while “DAMAC” settled unchanged.
The investment sector rose 1.2% as a result of “Dubai Investments” increasing by 1.78% and “Dubai Financial” by 0.84%, compared to the decline of “Shuaa Capital” by 3.8%.
The transportation sector increased by 6.5%, after “Air Arabia” rose by 11.6 percent and “Aramex” by 1.23%, compared to the decline of “Gulf Navigation” by 1.63%.
Abu Dhabi market
The Abu Dhabi Securities Exchange index rose within a week by 1.74% at the level of 9155 points, boosted by gains in banking, investment, real estate and communications shares.
The banking sector’s gains came, with “Abu Dhabi Commercial” rising by 4.93% and “Abu Dhabi Islamic” by 1.66%, while “First Abu Dhabi” settled unchanged.
In the investment sector, “International Holding” jumped 12.18% and “Waha Capital” 1.88%, compared to “Alpha Abu Dhabi” 1.77% and “Eshraq” 0.6%, while “Multiplay” settled unchanged.
In real estate, “Al-Dar” share increased by 1.2%, compared to the decline of “Ras Al-Khaimah Real Estate” by 12%. With regard to communications, “Etisalat” shares rose 0.79% and “Yahsat” 1.52%.
In energy, “ADNOC Drilling” decreased 0.29%, “ADNOC Distribution” 0.24%, “Dana Gas” 0.93%, and “TAQA” 1.59%.
Liquidity Direction
In terms of the stocks that attract the most liquidity in the capital market in a week, “First Abu Dhabi” ranked first with a value of 1.5 billion dirhams, closing at 20.7 dirhams, followed by “International Holdings” with a liquidity of 1.4 billion dirhams and closed at 187.9 dirhams, then “Aldar Properties” in trading. With 1.25 billion dirhams, to close at 4.22 dirhams, and “Alpha Abu Dhabi” came in fourth place, attracting 472.36 million dirhams, reaching the level of 26.62 dirhams.
“Emaar Properties” led the list of the most traded shares in the Dubai market, with 700 million dirhams, closing at 5.1 dirhams, followed by “Dubai Islamic” with a liquidity of 250.85 million dirhams, to close at 5.91 dirhams, then “Dubai Financial” with transactions of 195.6 million dirhams and closed at 2.39 dirhams. And Emirates NBD came in fourth place with 180.7 million dirhams, to reach the level of 13.8 dirhams.
Highs and Lows
“Future Holding” recorded the most increase in a week in the Abu Dhabi market, by 18.42%, closing at 45 dirhams, followed by “Al Ain Al Ahlia Insurance”, with a rise of 14.97%, to close at 40.24 dirhams, then “Umm Al Yaqin Bank”, which closed up 14.91% to the level of 1.85 dirhams.
On the contrary, “Gulf Good Projects” recorded the most decline by 15%, closing at 2.04 dirhams, followed by “Gulf Pharmaceutical Industries – Julphar”, with a drop of 13.29% to the level of 1.5 dirhams, and then “Ras Al Khaimah Real Estate” with a decrease of 12.09% to close at 0.8 dirhams.
And came at the forefront of the rising shares in the Dubai National General Insurance market, with a rate of 18.4%, to close at 3.73 dirhams, followed by “Oman Insurance”, with an increase of 14.6%, to reach the level of 2.98 dirhams, and then “Air Arabia” with an increase of 11.64% to reach the level of 1.63 dirhams.
On the other hand, the largest decline was for “BHM Capital”, with a decrease of 16.66%, to close at 0.9 dirhams, followed by “International Financial Advisors” with a drop of 9.82% to the level of 2.02 dirhams, and then “Emirates Refreshments”, which closed down 8.45% at the level of 6.5 dirhams. .
nationalities
With regard to trades by nationalities in the Abu Dhabi market within a week, foreign investors tended to buy with a net investment of 378.76 million dirhams, a purchase proceeds. Arabs, 10.87 million dirhams, the proceeds of the sale of Gulf nationals, and 323.39 million dirhams, the proceeds of the sale of citizens.
In the Dubai market, foreign investors tended to buy with a net investment of 409.8 million dirhams, as a purchase proceeds. On the other hand, Arab and Gulf investors and citizens tended to monetize, with a net investment of 409.8 million dirhams, as a result of selling, distributed by 37.5 million dirhams as a result of selling Arabs and 26.9 million dirhams as a proceeds. The sale of Gulf citizens and 345.4 million dirhams, the proceeds of the sale of citizens.
Institutions
In turn, the investment portfolios tended to buy within a week, with a net investment of 311.5 million dirhams, a purchase proceeds, of which 290.14 million dirhams was a purchase in the Dubai market, and 21.35 million dirhams was a purchase proceeds in the Abu Dhabi market.
On the other hand, individual investors tended to monetize with a net investment of 311.5 million dirhams from sale, distributed as 290.14 million dirhams from sale in Dubai and 21.35 million dirhams from sale in Abu Dhabi.
Taking profits in the Friday session reinforces the upcoming support points
The last sessions of the week witnessed partial profit-taking. The Abu Dhabi market index fell 0.5% and the Dubai market 0.08%, with many stocks maintaining their recently achieved levels, and in front of the limited declines at certain levels, the opportunity remains to strengthen the points of support in the upcoming sessions.
The liquidity of the Abu Dhabi market was concentrated on the “International Holding” share, with a value of 287.13 million dirhams, declining marginally by 0.05% to 187.9 dirhams, i.e. declining by one penny compared to yesterday’s session, when the company’s share price reached 188 dirhams (the highest level for the share ever).
Also, “First Abu Dhabi” attracted 243.8 million dirhams, closing at 20.7 dirhams, after a 1.05% decline, while “Al Dar” attracted 205.8 million dirhams of trading, declining 0.24% at 4.22 dirhams, and “Alpha Abu Dhabi”, which fell 0.97% to 26.62 dirhams, through Liquidity of 91.75 million dirhams.
In the Dubai market, “Emaar Properties” settled at its previous level (5.1 dirhams), attracting liquidity of 69.36 million dirhams, while “Dubai Islamic” attracted 26.87 million dirhams of trading, and rose 0.34% to 5.91 dirhams, then “Dubai Financial” with liquidity of 19.45 million dirhams. dirhams, declining by 1.24% at 2.39 dirhams, while “Air Arabia” maintained the positive trend, increasing by 1.87%, through liquidity of 14 million dirhams.
The shares attracted liquidity in Friday’s session of 1.398 billion dirhams, including 1.189 billion dirhams in the Abu Dhabi market and 209.14 million dirhams in the Dubai market.