Abu Dhabi: Muhannad Dagher
UAE stocks achieved gains in the first sessions after the Eid Al-Adha holiday, deriving support from the leading and defensive stocks, which are still trading at attractive levels, due to the declines they experienced over more than one missed session.
The Dubai market index rose 0.63% to the level of 3,128.7 points, while the Abu Dhabi market rose 0.1% to 9,171.35 points, amid collective gains for the real estate sector shares in both markets.
In the Dubai market, the share of «Emaar Properties» gave impetus to the market, by increasing by 1.16% to the level of 5.2 dirhams, knowing that it topped the trading stage with a value of 88.45 million dirhams.
“Dewa” share rose by 0.39% to the level of 2.45 dirhams, and “Dubai Islamic” rose 1.47% to the level of 5.51 dirhams, while “Emirates NBD” rose 0.84% to close at 11.95 dirhams.
TECOM, which is listed in the real estate sector, rose by 1.28% to reach the level of 2.36 dirhams, knowing that it is still trading below the offering price level of 2.67 dirhams.
The Abu Dhabi market received support from the “First Abu Dhabi” share, as it rose 0.76% at the level of 18.48 dirhams, and “Aldar Properties” rose 1.83% to reach the level of 4.44 dirhams, while “Multiplay” rose 1.12% to reach the level of 1.8 dirhams.
The shares garnered a liquidity of 1.4 billion dirhams, distributed as 1.17 billion dirhams in Abu Dhabi, and 233.5 million dirhams in Dubai, and the traded quantities of shares were 256.3 million shares, including 171.95 million shares in Abu Dhabi, and 84.36 million shares in Dubai.
The share prices of 41 companies rose, while the share prices of 28 companies declined, and this came through the implementation of 15,532 transactions.
Abu Dhabi market
The rise in the Abu Dhabi market index came with the support of the banking sector, with “Abu Dhabi Islamic” rising 3.5% and “Abu Dhabi Commercial” 1.58%.
In the real estate sector, besides “Al Dar”, “Ras Al Khaimah Real Estate” increased by 2.92% and “Eshraq” 3.57%.
In the industrial sector, “Marine Dredging” rose 3.1% against declines of “Alpha Abu Dhabi” 0.97%, “Abu Dhabi Ports” 1% and “IPEX” 2.14%.
Shares of “E-and-Etisalat” decreased by 1% and “Yahsat” 0.78%. Also, “International Holdings” decreased by 0.38%, “Borouge” 1.38%, “Food” by 5.56%, and “Virtual Globe” 1.98%.
In terms of energy stocks, “ADNOC Distribution” fell 0.47%, in front of “ADNOC Drilling” rose 1.19% and “Dana Gas” 1%, with the stability of “TAQA”.
Dubai market
In turn, the Dubai market index received support from the sectoral indices of real estate, banks and utilities shares.
In real estate, “Emaar Properties” and “Tecom” were accompanied by “Deyaar” by 0.6%, “Emaar Development” by 0.48% and “Union Properties” by 1.73%. On the contrary, the investment sector declined as a result of a decline of “Dubai Financial” by 1.96%, “Dubai Investment” by 0.46%, and “Shuaa Capital” by 1.82%. The transportation sector declined as a result of the decline of “Gulf Navigation” by 4.86%, despite the increase of “Aramex” by 0.27% and the stability of “Air Arabia” without any change.
Liquidity Direction
In terms of trades in the Abu Dhabi market, the “International Holding” list topped the list with a value of 353 million dirhams, closing at 286.9 dirhams, followed by “First Abu Dhabi” with transactions of 185.6 million dirhams to reach the level of 18.48 dirhams, then “Alpha Abu Dhabi” by attracting 103 million dirhams, to close at 24.5 dirhams, and “Multiplay” with transactions of 67 million dirhams, arriving at 1.8 dirhams.
In the Dubai market, the list of transactions was topped by “Emaar Properties”, followed by “Dewa” with 57 million dirhams, to reach the level of 2.54 dirhams, then “Dubai Islamic” with liquidity of 24.3 million dirhams, closing at 5.51 dirhams, then “Emirates NBD” in transactions. At 18 million dirhams to close at 11.95 dirhams.
“Takaful Al Emarat” recorded the most increase in the Dubai market, by 12.96%, to close at 1.22 dirhams, while “Emirates Refreshments” recorded the most decline by 9.9%, at 3.64 dirhams.
At the forefront of the rising shares in the Abu Dhabi market, “Gulf Cement” by 8.69% to 0.538 dirhams, while the decline was led by “food” by 5.56% at 79 dirhams.
nationalities
Regarding trades by nationalities in the Abu Dhabi market, Gulf investors and citizens tended to buy, with a net investment of 59.93 million dirhams, the proceeds of purchase, of which 2.2 million dirhams were the proceeds of the purchase of Gulf nationals, and 57.7 million dirhams the proceeds of the purchase of citizens. On the other hand, Arab and foreign investors tended to monetize, with a net investment of 59.93 million dirhams, the proceeds of sale, of which 58.6 million dirhams were the proceeds of the sale of foreigners, and 1.3 million dirhams the proceeds of the sale of Arabs.
In the Dubai market, Arab and Gulf investors and citizens tended to buy, with a net investment of 10.64 million dirhams, the outcome of purchase, of which 3.79 million dirhams was the proceeds of buying Arabs, 4 million dirhams the proceeds of the purchase of citizens, and 2.77 million dirhams the proceeds of the purchase of Gulf citizens.
On the other hand, foreign investors tended to monetize, with a net investment of 10.64 million dirhams, a sale proceeds.
Institutions
In turn, the investment portfolios tended to buy, with a net investment of 28.8 million dirhams, a purchase proceeds, of which 15.9 million dirhams was a purchase proceeds in Dubai, and 12.89 million dirhams was a purchase proceeds in Abu Dhabi.
On the other hand, individual investors tended to monetize, with a net investment of 28.8 million dirhams from sale, distributed by 15.9 million dirhams from selling in Dubai, and 12.89 million dirhams from selling in Abu Dhabi.