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"Emaar Properties" means the rise in Dubai shares



  • Abu Rami Samih

Date: April 1, 2019

Stock markets closed at the end of the session yesterday in the middle of a significant fall in liquidity in the absence of incentives. The Dubai market was driven by profits of three shares in Emaar, while the Abu Dhabi market fell under the pressure of banking and real estate leaders.

The Dubai market increased 0.14%, or 3.59 points, to settle at 2634.86 points, driven by real estate gains. The Abu Dhabi market fell 0.52%, or 26.35 points, to close at 5.074.65 points, as banks and real estate fell.

The total liquidity of the two markets reached 231.7 million AED, with 166.38 million in Dubai and 65.4 million in Abu Dhabi. 130.2 million shares were traded, including 103.5 million in Dubai and 26.6 million in Abu Dhabi through 2878 transactions.

Dubai Market

The rise in the Dubai market was supported by a 1.35% rise in the real estate sector, with Emaar Properties gaining 2.14%, Emaar Properties with 1.72%, Emaar Development with 0.52% and Arabtec with 0.17%. I Damac (1.48%).

On the other hand, the banking sector decreased 0.82%, with Dubai Islamic Bank and Emirates NBD dropping 1.02% and 0.98%, respectively. The investment sector also fell 0.41%, while Dubai shares dropped 2.04%, Shuaa dropped 0.38% and Dubai's investments remained unchanged.

The transport sector fell marginally by 0.08%, with Aramex decreasing by 0.42% and Gulf navigation increasing by 2.5% and Air Arabia stabilizing. "Ithmaar" shares increased 4.3% to 0.29 AED, "Al-Madina" was the biggest drop of 7.41%, up to 0.25 AED. Emaar posted an amount of 51.39 million US dollars, closing at 4.78 AED, and Dubai Islamic was trading at 4.85 AED and closed at 4.85 AED, followed by 18.5 million AED at 0, 92 AED.

Abu Dhabi Market

The Abu Dhabi market fell 0.75%, with Abu Dhabi First falling by 0.39%, Abu Dhabi Islamic with 0.68%, Abu Dhabi Commercial with 1.58%, with 1.52 % of real estate and 1.66% at Aldar. TAHA Real Estate »1.41%.

The telecommunications sector closed with the price of the Etisalat stock, while the energy sector increased Dana Gas 1.08%, although ADNOC Distribution reduced the number of 1 , 33% and the TAQA 0.22%.

The Abu Dhabi Commercial Bank was the most quoted issue with a closing of 13.6 million AED to 9.33 AED, followed by Union National Bank (AED), which increased by 12 million AED to AED 5, 3, followed by Abu Dhabi First with a liquidity of 10.5 million AED to AED 15.2. Only 5 shares of "Wataniya" increased 5.65% to 0.77 AED, while "RAK Cement" was the largest loser of 10% up to 0.94 AED.

Foreigners and institutions

Foreign and Arab investors tended to buy in both markets with a net investment of 42 million AED, of which 41.6 million to AED were foreigners and 410,000 AEDs for Arabs. GCC and domestic investors tended to sell with a net investment of 42 million AED, of which 2.9 million to GCC nationals.

Investment portfolios tended to buy with a net investment of 36.4 million, including 13.5 million in Abu Dhabi and 22.9 million in Dubai, while individual investors tend to sell.


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