Hossam Abdelnaby (Abu Dhabi)
The market value of shares traded in local stock markets stabilized yesterday at 3.665 trillion dirhams after achieving market gains amounting to 842 million dirhams, as a result of the rise in the market value of the Dubai Financial Market by about 1.912 billion dirhams to 699.831 billion dirhams, and the decline in the market value of Abu Dhabi shares by about one billion dirhams to 2.965 trillion dirhams.
The markets witnessed trading with a total value of 1.485 billion dirhams, mainly concentrated in the capital market at about 1.15 billion dirhams.
Abu Dhabi Market
According to Abu Dhabi Securities Market data, the market index continued to decline yesterday, by 37.1 points, and closed at 9724.26 points, down by 0.38%. The value of trades amounted to 1.154 billion dirhams, including more than 238.63 million shares through 17,892 transactions.
The shares of 32 companies out of 75 companies whose shares were traded yesterday rose, the shares of 29 companies fell, and the shares of 14 companies remained stable. “International Holding” stock topped the list of the most active in terms of value at about 210.63 million dirhams, followed by “Alpha Dhabi Holding” stock with a value of 94.23 million dirhams. “Ras Al Khaimah Properties” stock came at the top of the most active list in terms of quantity with about 40.9 million shares, followed by “Multiplay” stock with 25.11 million shares traded.
With regard to foreign investment in the Abu Dhabi market, the total value of purchases of shares by non-Emirati foreigners amounted to about 342.931 million dirhams, compared to sales worth 392 million dirhams, bringing the net foreign investment to about 49.1 million dirhams as a result of “sale”.
Dubai market
Yesterday, the general index of the Dubai Financial Market rose again by 8.3 points or 0.2% at the level of 4090.64 points, after the shares of 12 companies rose, compared to a decline in the shares of 17 companies and the stability of the shares of 9 companies out of 38 companies traded yesterday. The total trading value in the Dubai Financial Market, at the end of trading, amounted to about 331.86 million dirhams, after 112.36 million shares were traded, through the implementation of 6,660 transactions.
The list of activity in terms of value was topped by “Emaar Properties” with a trading value of 41.2 million dirhams, recording an increase of 0.65% and closing at 7.7 dirhams, followed by “Emaar Development” with a value of 9.27 million dirhams, recording a decrease of 1.92% at a price of 6.61 dirhams. While “Union Properties” came at the top of the active stocks in terms of trading volume, with about 17.9 million shares, closing down by 2.7% at 0.287 dirhams, followed by “DEWA” with 15.78 million shares traded, recording 2.54 dirhams, an increase of 1.6%.
With regard to foreign investment in the Dubai Financial Market, the total value of non-Emirati foreigners’ purchases of shares amounted to about 188 million dirhams, while the total value of their sales amounted to 179.63 million dirhams, bringing the net foreign investment to about 8.43 million dirhams as a result of “purchase.”
Institutional transactions
Selling transactions of financial institutions in the Abu Dhabi Securities Market increased from buying transactions, reaching 930 million dirhams, compared to purchases of shares worth 895.65 million dirhams, so that the total net “sale” amounted to about 34.35 million dirhams.
The total transactions of financial institutions in the Dubai Financial Market amounted to “sales” of 20.62 million dirhams, after purchases of shares worth 232.38 million dirhams and sales transactions worth 253 million dirhams.
2024-01-17 20:57:54
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