Abu Dhabi (WAM) The local stock markets consolidated their gains at the close of today’s trading, and its market capitalization gained regarding 37.4 billion dirhams, as it continued to interact positively with the announcements of listed companies regarding strong profits in the first half of this year. The FTSE Abu Dhabi General Market index managed to rise by 2.08% to close at 10,136.19 points, exceeding the 10,000 points barrier and achieving its highest level since last April 11, or nearly 4 months, while the Dubai Financial Market general index rose by 0.94% to close at 3,348.56 points, reaching the highest level. levels since the beginning of August. The market capital of the listed shares rose from 2.63 trillion dirhams at the end of last Friday’s session to 2.668 trillion dirhams at the end of today’s session, distributed by 2.108 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 560.2 billion dirhams for shares listed on the Dubai Financial Market. Local shares attracted more than 1.79 billion dirhams in liquidity, distributed as 1.54 billion dirhams in the Abu Dhabi market and 251.5 million dirhams in the Dubai market. About 328.69 million shares were traded through the implementation of more than 16.9 thousand transactions. Non-Arab foreign investors pumped regarding 91.7 million dirhams as a net purchase in the two markets, including 84.5 million net purchases in the Abu Dhabi market and 7.22 million net purchases in the Dubai market, following achieving total purchases in the two markets worth 397.16 million dirhams compared to sales of 305.4 million dirhams. The rise of the Abu Dhabi market was reinforced by the rise of leading shares such as “First Abu Dhabi” with a growth of 1.23% to close at 19.82 dirhams, attracting liquidity of regarding 211.4 million dirhams, and “International Holding” rose by 5.26% to close at 340 million dirhams, with its top activity list with a liquidity that exceeded 427.4 million dirhams. The shares of “Aldar Properties” rose 1.46%, “Borouge” 1.36%, “I & – Telecom previously” 1.2%, “Multiplay” 1%, “Taqqa” 0.79%, “Yahsat” 0.76% and “Dana Gas” 0.6 % and “Abu Dhabi Islamic Bank” 0.22%. In the Dubai market, trading was active in banking and investment shares, with the rise of «Emirates NBD» by 1.47%, «Dubai Islamic» by 1.72%, «Dubai Investment» 5.6% and «Dubai Financial Market» 0.6%. The share of «Emaar Properties» topped the activity, attracting liquidity of regarding 63.52 million dirhams and closed with an increase of 0.92% to 5.46 dirhams, then “Dubai Investments” with liquidity of 38.4 million dirhams, followed by “Dubai Islamic”, attracting more than 38 million dirhams.
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Dubai Financial Market
Abu Dhabi (WAM)
Local stock markets consolidated their gains for the sixth consecutive session at the close of yesterday’s session.
The market gains of the listed shares exceeded 32.3 billion dirhams, with the market capital increasing from 2.508 trillion dirhams at the end of the Wednesday session, to 2.541 trillion dirhams by the end of yesterday, distributed by 1.991 trillion dirhams for the Abu Dhabi Stock Exchange and 549.74 billion dirhams for the Dubai Financial Market.
By the end of trading yesterday, the local markets had raised their market gains to more than 91 billion dirhams, within the past six sessions, compared to regarding 2.45 trillion dirhams in the session of last July 13.
The FTSE Abu Dhabi General Market Index rose 2.28%, which is the largest pace of daily gains since last May 30, equivalent to a month and a half, to close at 9589.01 points, while the Dubai Financial Market index rose by 1.38%, recording the largest rise in one day since July 7 last, to reach the level of 3,256.07 points.
“Leadership” supports the rise of financial market indices
written by Alexandra Hartman Editor-in-Chief
Hussam Abdulnabi (Dubai)
The local stock markets achieved several gains yesterday, the most important of which was the improvement in investor sentiment in light of the improvement in the performance of global stock exchanges. The active leading stocks returned to the fore, supported by the rise of local financial indicators.
The total local stock markets traded amounted to 1.466 billion dirhams, following trading 246.21 million shares during 14,791 transactions.
The Abu Dhabi Securities Exchange index recorded a slight decrease of 0.36% to close at 9161.3 points, while the Dubai Financial Market index rose, supported by the rise of the “Emaar Properties” share, which topped the list of the most active stocks in terms of volume and value of trades, for the index to win 47 points and close at 3108.87 points, up by 1.53%.
Farah Murad, financial markets analyst at XTP Middle East, said: The UAE stock markets witnessed a somewhat recovery during the last trading day of the week, following the improvement in the performance of global stock exchanges.
She explained that despite the rise of indices, there are a number of factors that limit the launch of local markets, including the continuation of investors to deal with fears of recession and inflation expectations, and the direction of the monetary policy of the US Federal Reserve.
Murad indicated that oil prices have stabilized relatively following a volatile week, in light of traders’ fears swinging between the impact of recession and supply problems, as crude prices remained subject to new declines in general, but might recover in the short term.
According to Abu Dhabi Securities Exchange data, the total trading value amounted to 1.17 billion dirhams, following trading 142.36 million shares, during the implementation of 8,306 deals.
The list of active shares in terms of trading volume on the Abu Dhabi market topped the “Multiplay Group” with regarding 29.4 million shares, followed by “ADNOC Distribution” with a trading volume of 18.25 million shares, and then “First Abu Dhabi Bank” with regarding 12.65 million shares. The shares of “International Holdings” have achieved the highest trading value of 326.46 million dirhams, followed by “First Abu Dhabi Bank” with a value of 234.23 million dirhams, then “Alpha Abu Dhabi Holding” with a trade value of 104.72 million dirhams.
The total trading value on the Dubai Financial Market amounted to 296.74 million dirhams, following 103.85 million shares were dealt, through the implementation of 6485 transactions. The shares of 19 companies rose, while the shares of 6 companies declined, and only one company remained unchanged.
The list of the most active shares in terms of value was led by “Emaar Properties” with a value of 123.41 million dirhams, followed by “Dubai Islamic Bank” with a value of 32.39 million dirhams. Then «Emirates NBD» trading value of 31.63 million dirhams.
Shares of «Emaar Properties» came in the first place in the list of the most active in terms of trading volume with 24.58 million shares, followed by «Dubai Financial Market» with trading of 15.32 million shares, then «TECOM» with trading of 9.15 million shares.
15 billion dirhams, UAE stock gains in the first sessions of the week
written by Alexandra Hartman Editor-in-Chief
Local financial markets rose at the end of Monday’s session, the first session of the week, following the sharp declines in the last period, amid market gains in the Dubai and Abu Dhabi markets, worth 14.99 billion dirhams.
Foreigners seized the opportunity to buy in the local money markets, while locals went to sell.
Abu Dhabi market
At the conclusion of today’s session, the Abu Dhabi market index rose above the level of 9200 points following the declines that it witnessed last week, to rise by 0.34% at the level of 9209 points.
The value of trading in the Abu Dhabi market is 1.27 billion dirhams, while the trading volume reached 189.22 million shares.
The performance of the market came with the increase of Global Holding by 0.21%, while the first Abu Dhabi stabilized, and the level of my words rose by 3.63%, and Borouge rose by 1.01%.
While Multiplay declined by 1.12%, Dana Gas declined by 3.04%, ADNOC Distribution decreased by 0.48%, and Abu Dhabi Ports rose by 3.82%.
Global Holding shares topped the shares in terms of trading value with a value of 321.96 million dirhams, while Multiplay topped the active shares in terms of trading volumes with regarding 49.87 million shares.
ASG Group shares led the Abu Dhabi market’s gains by 5.03%, while Ras Al Khaimah Cement led the market with 8.5% declines.
The market value of the Abu Dhabi market was regarding 1.9558 trillion dirhams, compared to 1.9434 trillion dirhams, to gain 12.4 billion dirhams.
And foreigners tended to buy in the Abu Dhabi market, with a net of 160.7 million dirhams, as well as Gulf buyers, with a net of 12.92 million dirhams, while both Arabs and Emiratis sold a net of 16.59 million dirhams and 157.03 million dirhams, respectively.
Dubai market
The Dubai Financial Market index rose 0.48% at the level of 3,217 points, with the rise of 18 shares.
The value of trading in the Dubai market reached 143.86 million dirhams, with a trading volume of 58.46 million shares.
Emaar shares topped the shares in terms of trading value through 38.49 million dirhams, and Union Properties shares issued shares in terms of trading volumes through 12.97 million shares.
The performance of the market came in conjunction with the increase in the banking sector index by 0.49%, while the real estate sector rose by 0.4%, while the investment sector index rose by 0.59%.
With regard to real estate shares in the Dubai market, Emaar Properties rose by 0.38%, Emaar Development decreased by 0.92%, Union Properties rose by 1.81%, and Deyaar Development rose by 3.5%.
The performance of the banking sector coincided with the decline of Dubai Islamic by 1.39%, while Emirates NBD rose by 2.69%.
The performance of the market coincided with the decline of the Dubai market share by 0.58%, while the share of DEWA rose by 0.39%.
The Emirates Refreshments share led the rising shares in the Dubai market by 14.94%, while the Takaful Emirates share led the decliners by 6.3%.
The market value of the Dubai market reached 527.966 billion dirhams, compared to a value of 525.368 billion dirhams at the end of the last session, to gain 2.6 billion dirhams.
Foreigners tended to buy in the Dubai market with a net of 1.22 million dirhams, as well as Arabs and Gulf Arabs bought 1.75 million dirhams and 16.41 million dirhams, respectively, while Emiratis sold a net 19.38 million dirhams.