Abu Dhabi: Muhannad Dagher
Local shares achieved good gains in the first week of the first-quarter results of the listed companies, with the Dubai Financial Market index rising by 2.25% weekly to the level of 3682 points, while the Abu Dhabi market increased by 1.7% at 10,112 points.
This comes while many stocks witnessed strong increases during the sessions of the past week, led by “International Holding” with a rise of 7.35%, “Multiplay” by 6.78%, “Alpha Abu Dhabi” by 1.78%, “Abu Dhabi Ports” 8.57%, and “First Abu Dhabi” 3.05 %, and “marine dredgers” 31%.
In Dubai, “Amlak” jumped 29.7%, “Emirates NBD” 2.7%, “Air Arabia” 7.2%, “Aramex” 5.5% and “Gulf Navigation” 9%.
Real estate shares rose in both markets almost collectively, with “Al Dar” jumping 4.88%, “Emaar Properties” 3.6%, “Emaar Development” 8.7%, “Union Properties” 13.3% and “Deyaar” 1.89%.
Foreign (non-Arab) investors welcomed the first week of the companies’ announcement of their financial results, by pumping 487.6 million dirhams as a purchase proceeds, of which 414 million dirhams was a purchase proceeds in Abu Dhabi, and about 74 million dirhams was a purchase proceeds in Dubai.
The shares garnered a weekly liquidity of 11.28 billion dirhams, including 8.33 billion dirhams in the Abu Dhabi market, and 2.95 billion dirhams in the Dubai market, and the traded quantities of shares amounted to 2.92 billion shares, distributed as 1.52 billion shares in Abu Dhabi, and 1.4 billion shares in Dubai, This came through the implementation of 92.3 thousand transactions.
Dubai market
In detail, the Dubai Financial Market index rose in a week by 2.25% at the level of 3682.82 points, benefiting from the gains of banking, real estate and transportation shares.
In the financial sector, “Dubai Islamic” share rose 0.3%, “Amlak” 29.7%, and “Emirates NBD” 2.7%, compared to a decline of “GFH” 0.8%.
In the real estate sector, “Emaar Properties” rose 3.6%, “Emaar Development” 8.7%, “Union Properties” 13.3% and “Deyaar” 1.89%.
In the transportation sector, “Air Arabia” rose 7.2%, “Aramex” 5.5%, and “Gulf Navigation” 9%.
As for investment, “Dubai Financial” rose 3% and “Shuaa Capital” 1.55%, compared to a decline of “Dubai Investments” 4.96%. In the utilities sector, “DEWA” share fell 1.04% to the level of 2.85 dirhams.
Abu Dhabi market
The Abu Dhabi Stock Exchange index jumped by a weekly rate of 1.7% at the level of 10112 points, benefiting from the rise of more than one leading share in the banking, investment, industry and real estate sectors.
In banks, “First Abu Dhabi” rose 3.05% and “Abu Dhabi Islamic” 0.34%, despite the decline of “Abu Dhabi Commercial” 1.15%.
The share of “International Holding” jumped 7.35%, “Multiplay” 6.78% and “Alpha Abu Dhabi” 1.78%, while the share of “Abu Dhabi Ports” jumped by a weekly rate of 8.57%, to the level of 4.56 dirhams.
In real estate, “Al Dar” rose 4.88% and “Eshraq” 0.4%, while “Ras Al Khaimah Real Estate” decreased 0.61%.
Also, “Etisalat” shares fell 4.32% and “Yahsat” 0.72%.
Energy stocks varied, with “ADNOC Drilling” rising by 1.92%, while “ADNOC Distribution” fell 0.73% and “Dana Gas” 3.5%, while “TAQA” remained unchanged.
Liquidity Direction
And regarding the shares that were most traded during a week in the Abu Dhabi market, the “International Holding” list topped the list with a value of 1.7 billion dirhams, closing at 219 dirhams, followed by “Aldar Properties” with a liquidity of 1.56 billion dirhams to close at 5.37 dirhams, then “First Abu Dhabi” with transactions of 1.17 billion. dirhams to close at 2.98 dirhams, then “Alpha Abu Dhabi” with transactions of 576.48 million dirhams, closing at 27.52 dirhams, and fifth, “Multiplay” with liquidity of 433.65 million dirhams, closing at 1.89 dirhams.
In the Dubai market, trading was led by “Emaar Properties” with a value of 751.3 million dirhams, closing at 6.32 dirhams, followed by “DEWA” by 660 million dirhams, closing at 2.85 dirhams, then “Dubai Financial” with a liquidity of 321.2 million dirhams and closed at 2.69 dirhams, then “Dubai Financial” with a liquidity of 321.2 million dirhams and closed at 2.69 dirhams. Dubai Islamic” attracted 206.3 million dirhams, closed at 6.29 dirhams, and came in fifth place, “Emirates NBD” with a liquidity of 186.3 million dirhams, to reach the level of 15.2 dirhams.
Highs and Lows
Among the shares that gained the most during a week in the capital market was “Marine Dredging” by 31%, to close at 20.7 dirhams, followed by “Fujairah Cement” with a rise of 26.4% and closed at 0.632 dirhams, then “Emirates Insurance” by 14.98% to 8.06 dirhams. .
On the other hand, the decline was led by “Ras Al Khaimah White Cement” by 10.87%, to close at 2.05 dirhams, followed by “Q Holding” with a decrease of 10.83% to close at 4.61 dirhams, then “Response Plus”, with a decrease of 9.26%, to reach the level of 10.98 dirhams.
“Amlak” share achieved the most weekly increase in Dubai, by 29.75%, to close at 0.75 dirhams, followed by “National Cement” with a rise of 14.9% to close at 2.23 dirhams, then “Union Properties”, which rose by 13.3% to the level of 0.298 dirhams.
On the contrary, the declines were led by “Agility”, dropping 10% to the level of 12.6 dirhams, and for the same (10%) “Al-Firdous Holding” decreased, closing at the level of 0.162 dirhams, then “Emirates Refreshments” by dropping 7.5% to reach 9.29 dirhams.
nationalities
With regard to trades by nationalities in the Abu Dhabi market within a week, Arab and foreign investors tended to buy, with a net investment of 456.38 million dirhams, the proceeds of purchase, of which 42.47 million dirhams was the proceeds of the purchase of Arabs and 413.9 million dirhams the proceeds of foreign purchases.
On the other hand, Gulf investors and citizens tended to monetize, with a net investment of 456.38 million dirhams, the proceeds of sale, distributed by 124.6 million dirhams, the proceeds of the sale of Gulf nationals, and 331.87 million dirhams, the proceeds of the sale of citizens.
In the Dubai market, Gulf and foreign investors tended to buy, with a net investment of 121.7 million dirhams as a purchase proceeds, of which 48 million dirhams was the proceeds of Gulf purchases and 73.6 million dirhams was the proceeds of foreign purchases.
On the other hand, Arab investors and citizens tended to monetize, with a net investment of 121.7 million dirhams, the proceeds of selling, distributed by 20.3 million dirhams, the proceeds of the sale of Arabs, and 101.3 million dirhams, the proceeds of the sale of citizens.
Institutions
The performance of investment portfolios varied in a week, as they tended to buy in the Dubai market, with a net investment of 62.6 million dirhams, as a result of purchase, while they tended to liquidate in the Abu Dhabi market, with a net investment of 3.4 million dirhams, as a result of selling.
On the other hand, individual investors tended to buy in the Abu Dhabi market, with a net investment of 3.4 million dirhams, as a result of buying, while they tended to be liquidated in the Dubai market, with a net investment of 92.6 million dirhams, as a result of selling.