2023-07-23 19:37:07
Abu Dhabi: Muhannad Dagher
The shares of real estate companies recorded strong jumps in the UAE financial markets, and rose collectively since the beginning of this year, until the last trading session last Thursday.
The shares of 9 companies listed in the real estate sector in the markets received a liquidity estimated at 28 billion dirhams, distributed at 18.26 billion dirhams among 5 companies listed in the Dubai market, and 9.7 billion dirhams over 4 companies listed in the Abu Dhabi market.
The total liquidity in the markets reached 242.23 billion dirhams from the beginning of this year, of which 187.04 billion dirhams were in the Abu Dhabi market, and 55.19 billion dirhams in the Dubai market.
Dubai market
In the Dubai market, “Union Properties” topped the list of the highest gainers since the beginning of the year, by 45.65%, closing at 0.402 dirhams, and during this period it attracted liquidity of 2.23 billion dirhams on 6.68 billion shares.
The second was the share of “Emaar Development”, which rose 45.12% to the level of 6.4 dirhams, through a liquidity of 2.04 billion dirhams, with 381.36 million shares.
In the third place came the share of «Deyaar», up 40.63% at a price of 0.713 dirhams, and attracted liquidity of 1.8 billion dirhams, through trading on 2.88 billion shares.
And «Emaar Properties» rose 13.65%, reaching a price of 6.66 dirhams, through a liquidity of 11.84 billion dirhams, through trading on 2.025 billion shares. And fifthly, “Tecom”, rising 12% to the level of 2.52 dirhams, attracting transactions of 320.47 million dirhams on 131.86 million shares.
Abu Dhabi market
The list of the highest gainers in the Abu Dhabi market since the beginning of the year was topped by “Ras Al Khaimah Real Estate” share, by 42.5%, closing at 0.969 dirhams, and reaping a liquidity of 626.34 million dirhams on 842.67 million shares.
The share of «Aldar Properties» rose 17.38% at the level of 5.2 dirhams, attracting liquidity of 7 billion dirhams, on the number of 1.47 billion shares, and in the third place in terms of increase came «homes» by 16.46%, closing at a price of 0.46 dirhams, on the impact of liquidity of 397 million dirhams through trading on 970.4 million shares.
Finally, the share of “Ishraq” company increased by 14.31% at the level of 0.559 dirhams, with a liquidity of 1.6 billion dirhams on 3 billion shares.
highest and lowest
With regard to the shares that rose the most in the Dubai market since the beginning of the year, the first position came for “Gulf Navigation” with a jump of 708.42% at the level of 5.57 dirhams, followed by “Al-Firdous Holding” with an increase of 448% at the price of 0.707 dirhams, then “Isttab Holding” with a growth of 140% to the level of 0.288 dirhams.
On the other hand, “Emirates Investment Bank” recorded the largest decline by 79.58% at the level of 107 dirhams, followed by “Dubai Islamic Insurance and Reinsurance”, down 20.23%, to reach the price of 0.702 dirhams, then “Aramex”, which closed down 14.77% at the level of 3 dirhams.
In the Abu Dhabi market, the list of increases was led by “Abu Dhabi National Hotels” by 104.18%, closing at 7.82 dirhams, followed by “Hayat Insurance”, with a growth of 49.48% at 1.45 dirhams, and in third place was “I want”, with a rise of 44.58% to 12 dirhams.
On the other hand, the declines were led by “Ghada Holding”, down 39% at 44.52 dirhams, followed by “IPEX Investments”, down 36.29% to the level of 2.23 dirhams, then “Ras Al Khaimah Cement”, down 31.84%, to close at 1.22 dirhams.
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