Abu Dhabi & Dubai Markets Report – Yesterday’s Performance
Yesterday saw mixed performance across the Abu Dhabi and Dubai financial markets.
Abu Dhabi Securities Exchange (ADX)
The ADX general index experienced a slight decline. Trading volume reached 869.56 million dirhams, involving 246.32 million shares traded across 19,009 deals. 37 companies saw share price decreases, while 41 increased and 42 remained stable.
Al-Alamiah Holding led in trading value, reaching 117.73 million dirhams, followed by Malagaplay (94.46 million dirhams), ADNOC Gas (83.38 million dirhams), and “houses” (75.34 million dirhams).
In terms of volume, Ishraq investment was the most actively traded stock with 32.6 million shares, followed by Mustablay (29.88 million shares), ADNOC Gas (24.58 million shares), and “houses” (23.51 million shares).Several stocks saw gains: Mustablay increased by 2.58% to close at 3.18 dirhams, ADNOC Gas rose by 0.89% to 3.4 dirhams, “houses” gained 0.57% to close at 0.351 dirhams, and ADNOC Drilling increased by 0.72% to 5.55 dirhams.
Foreign and Arab investors demonstrated a net investment of approximately 19 million dirhams in Abu Dhabi stocks, with purchases totaling 221.17 million dirhams against sales of 202.1 million dirhams. Gulf investors contributed a net purchase of 27.22 million dirhams, while other Arab investors showed a net purchase of 1.41 million dirhams.
Dubai Financial Market (DFM)
The DFM general index closed with a modest increase of 9.48 points, representing a 0.15% rise, to finish at 6135.37 points. 27 companies saw share price increases, compared to 18 declines and 6 that remained unchanged.
Total trading value in Dubai reached 665.62 million dirhams, with 346 million shares changing hands through 13,729 transactions.
“Requests” topped the list of most actively traded stocks by value, reaching 189.9 million dirhams, followed by Emaar Real Estate (128.99 million dirhams) and Dubai Islamic Bank (47.23 million dirhams).
By volume,”Requests” led with 162.54 million shares, followed by shuaa Capital (29.26 million shares) and Real Estate Union (15.82 million shares).
Notable gains were seen in Al-Ittihad Real Estate (1.18% to 0.853 dirhams), Emaar Real Estate (1% to 14.85 dirhams), and Dubai Islamic Bank (0.4% to 9.81 dirhams). Conversely, “Requests” decreased by 1.66% to close at 1.18 dirhams, and emirates NBD fell by 1.53% to 25.6 dirhams.
Foreign investors in the DFM recorded a net outflow of 2.33 million dirhams, with purchases of 342.15 million dirhams and sales of 344.49 million dirhams.Financial institutions showed a net outflow of 41.16 million dirhams, with purchases of 439.51 million dirhams and sales of 480.67 million dirhams.
The market capitalization of shares traded in Dubai increased by 506 million dirhams to reach 1.051 trillion dirhams yesterday.