Hussam Abdel Nabi (Abu Dhabi)
Local stock markets attracted liquidity yesterday amounting to 1.232 billion dirhams, distributed by 899.84 million in the Abu Dhabi market and about 332.4 million dirhams in the Dubai Financial Market.
Despite the decline in the market value of the shares listed in both markets, the indices fluctuated in narrow ranges and closed slightly lower, with the Abu Dhabi market index declining by 0.18%, and the Dubai index declining by 0.4%.
Abu Dhabi market
According to the data of the Abu Dhabi Securities Market, the Abu Dhabi Securities Market index closed down at the end of trading by 0.183%, losing about 18 points and closing at the level of 9744.22 points, in light of transactions worth 899.84 million dirhams, which included more than 173.39 million shares through 13415 transactions. . The shares of 22 companies out of the 68 companies whose shares were traded rose, while the shares of 35 companies declined, and the shares of 11 companies remained unchanged.
The “International Holding” share topped the list of the most active in terms of value by about 205.96 million dirhams, followed by “Alpha Abu Dhabi Holding” with a value of 116.57 million dirhams, then “Multiplay” with a value of 113.88 million dirhams, and the share of “ADNOC Gas” came fourth, with a value of 38.9 million dirhams, then «Etisalat A&E», with a turnover of 32 million dirhams. “Multiplay” stock came at the forefront of the most active in terms of trading volume with a circulation of 28.94 million shares, followed by “Ishraq” with a circulation of 16.6 million shares, then “Manzels” with about 14.8 million shares, and “ADNOC Gas” came in fourth place with a circulation of 11.29 million shares, then “Burjeel”, with a circulation of 9.17 million shares.
Yesterday’s active stock prices tended to decline, the most important of which was “Multiple Play” by 4% to close at 3.81 dirhams, “ADNOC Gas” fell by 2.29% at 3.41 dirhams, and “Alpha Abu Dhabi” declined by 1.19% to close at 19.92 dirhams, while the stock fell. “Houses” by 0.22%, to record 0.45 dirhams, as well as “Ishraq” by 0.22%, to 0.528 dirhams.
Dubai market
And the Dubai Financial Market witnessed the return of the share of «Emaar Properties» to the leadership of trading after the statements of Muhammad Al-Abbar, the founder of the company, about discussing an increase in dividends for shareholders for the year 2023. The stock topped the list of activity in terms of value by about 110.5 million dirhams, while the stock came second in terms of value. List of the most traded in terms of volume after trading 15.7 million shares. The share of «Emaar Properties» rose at the beginning of trading to the price of 7.11 dirhams, but it closed at the price of 7.05 dirhams, up by 1.58%.
Union Properties topped the list of the most active with a volume of 72 million shares traded after the company confirmed the validity of the statements made by the board member and managing director of the company, which included the features of the company’s multi-stage strategic plan for the next five years, and the stock rose at the beginning of trading to 0.424 dirhams, but closed down by 2.39%, specifically at a price of 0.408 dirhams.
The total trading value on the Dubai Financial Market amounted to 332.46 million dirhams.
The general index of the market closed at a new decline by 17.63 points, to reach 4067 points, as a result of the decline in the shares of 25 companies, compared to the rise in the shares of 9 companies and the stability of the shares of 5 others.
2023-08-30 21:04:24
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