Abu Dhabi: Muhannad Dagher
The closing of UAE market indices varied in a week that witnessed recycling of dividend liquidity with the aim of new purchasing positions, especially by foreign investors, in exchange for pressure on shares that were traded without the right to profits.
The Dubai market index rose in a week by 0.2% to the level of 4262.48 points, while the Abu Dhabi market index fell in a week by 0.14% to the level of 9221.37 points.
During 5 sessions, foreign investors (non-Arabs) pumped in a net investment of 404 million dirhams, as well as through institutional purchases of 353.5 million dirhams, with a total of 757 million dirhams for foreigners and portfolios. Real estate shares witnessed an almost collective rise in the markets, with “Deyaar” rising 4.4%, “Union Properties” 11.17%, “Emaar Properties” 0.6%, “Tecom” 2.18%, “Aldar” 2.34%, “Manazel” 2.34%, and “Ishraq”. » 0.71%.
Shares attracted weekly liquidity worth 8.11 billion dirhams, including 5.24 billion dirhams in the Abu Dhabi market, and 2.87 billion dirhams in the Dubai market, and the traded quantities of shares were 2.15 billion shares, distributed by 1.13 billion shares in Abu Dhabi, and 1.02 billion shares in Dubai. This was done by implementing about 117 thousand transactions.
Dubai market
The Dubai market index rose 0.2% to the level of 4262.48 points within a week, supported by rises in stocks in the real estate, financial and industrial sectors.
In the financial sector, “GFH” rose by 7.4%, “Emirates NBD” by 4.4%, “Shuaa” by 2.36%, and “Amlak” by 1.6%, compared to the decline of “Dubai Islamic” by 0.34%, and “Dubai Commercial” by 4.2% and “ Ajman Bank 1.5%. In real estate, “Union Properties” increased by 11.17%, “Deyaar” by 4.4%, “Tecom” by 2.18%, and “Emaar Properties” by 0.6%, compared to a decrease in “Emaar Development” by 4.47%.
In utilities, “Dewa” decreased by 0.4%, compared to “Tabreed” rising 2.36% and “Empower” remaining stable.
At the industrial sector level, “SALIC” rose 7.8% and “Aramex” rose 4.13%, compared to the decline of “Dubai Investments” by 2.16%, “Gulf Navigation” by 1.6%, and “Dubai Taxi” by 0.43%, with “Air Arabia” remaining stable.
Abu Dhabi Market
The Abu Dhabi market index fell 0.14% in a week to the level of 9221.37 points under pressure from leading stocks in the financial, industry, real estate, utilities and energy sectors.
In the financial sector, “Abu Dhabi Commercial” fell by 4.75%, “First Abu Dhabi” by 2.53%, and “Abu Dhabi Islamic” by 0.38%, with “Multiplay” and “International Holding” both stable. A decline in health care “PureHealth” was 3.43%.
In the telecommunications sector, Etisalat E & Etisalat shares rose 1.78%, while Yahsat declined 6.38%.
In the energy sector, “Dana Gas” rose 4.34%, “ADNOC Distribution” rose 1.68%, “ADNOC Drilling” rose 2.3%, and “ADNOC Gas” rose 0.63%.
Regarding industry, “ADNOC Logistics” rose by 3.08% and “Alpha Dhabi” by 0.13%, compared to the decline of “Abu Dhabi Ports” by 1.41%, “Emirates Steel – Arkan” by 1.46%, and “Marine Dredging” by 11.28%.
In real estate, “Aldar” rose 2.34%, “Manazil” 2.34%, and “Ishraq” 0.71%, with “Ras Al Khaimah Properties” stable.
Liquidity orientation
The weekly liquidity in the capital market is led by “International Holding” shares with a value of one billion dirhams, closing at the level of 399.5 dirhams, followed by “Alpha Dhabi” with a liquidity of 438.13 million dirhams, reaching the level of 16.02 dirhams, then “Aldar Properties” with trades amounting to 283.85 million dirhams, closing at 5.69 dirhams. And “Multiplay” had liquidity worth 275.98 million dirhams, closing at 2.22 dirhams.
The liquidity of the Dubai market was topped by “Emaar Properties” with a value of 378 million dirhams, closing at the level of 8.22 dirhams, followed by “Emaar Development” with trading at 288 million dirhams and closing at the level of 8.12 dirhams, then “GFH” with liquidity of 273.5 million dirhams, reaching a price of 1.03 dirhams. Fourthly, “Emirates NBD” with transactions of 200.7 million dirhams, closing at a price of 17.8 dirhams.
Highs and lows
“Food Holding” shares recorded the highest weekly increase in the Abu Dhabi market by 15.64%, closing at 41.86 dirhams, followed by “Gulf Medical Projects” with an increase of 11.17% to close at 1.99 dirhams, then “GFH” with an increase of 10.53% and closing at 1.05 dirhams. .
On the other hand, “Al-Sir Equipment” recorded the largest decline, falling by 12.08% to the level of 5.24 dirhams, followed by “Marine Dredgers” with a decline of 11.28% at the level of 26.26 dirhams, then “Fujairah Cement”, which closed down 8.7% to 0.315 dirhams. The list of stocks that rose the most in Dubai was led by “Union Properties” by 11.17% to the level of 0.398 dirhams, followed by “SALIC” with an increase of 7.85% at the price of 3.71 dirhams, then “GFH” with an increase of 7.4% to the level of 1.03 dirhams. On the contrary, the declines were led by “Iktitab” by 4.78% to the level of 0.219 dirhams, followed by “Mashreq Bank” by 4.76% to the level of 184.75 dirhams, then “Emaar Development” with a decline of 4.47% to 8.12 dirhams.
Nationalities
Regarding trades by nationalities in the Abu Dhabi market during the week, foreign investors tended to buy with a net investment of 212 million dirhams as a result of the purchase, as well as Gulf nationals with a net investment of 77.1 million dirhams as a result of the purchase.
On the other hand, Arab investors tended towards liquidation with a net investment of 30.18 million dirhams as a result of the sale, and the Emiratis also tended to sell with a net investment of 257.5 million dirhams as a result of the sale.
In Dubai, foreign investors moved toward buying, with a net investment of 192.65 million dirhams as a result of purchases. On the other hand, Arab, Gulf, and national investors moved toward liquidation with a net investment of 192.65 million dirhams as a result of sales, of which 22.8 million dirhams were the result of selling to Arabs, and 8.76 million dirhams were the result of selling to Gulf people. , and 160.7 million dirhams, the proceeds of the sale of citizens.
Institutions
In turn, investment portfolios tended towards buying within a week, with a net investment of 353.5 million dirhams as a result of purchases, of which 178.8 million dirhams were the result of purchases in the Dubai market, and 174.6 million dirhams were the results of purchases in the Abu Dhabi market. On the other hand, individual investors moved towards liquidation with a net investment of 353.5 million dirhams as the proceeds of the sale, of which 178.8 million dirhams were the proceeds of the sale in Dubai, and 174.6 million dirhams were the proceeds of the sale in Abu Dhabi.
2024-03-15 20:05:27
#Mixed #performance #UAE #stocks #week #dividend #liquidity #recycling #Khaleej #newspaper
