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Dubai: Anwar Daoud
National equity markets posted strong performances in July 2019 sessions, supported by strong corporate results, investor interaction with incentives and positive news from some companies, as well as proposals to remove restrictions on foreign ownership in corporations. The Abu Dhabi index rose 6.8%.
Market data showed that net foreign investment (non-Arab and Gulf) reached AED 1.2 billion in July, thanks to purchases, while institutional investments recorded a redemption of AED 1.3 billion. .
The DFM index jumped to the highest monthly rate in more than four years, particularly in April 2015, after rising 9.77% in July, adding 260 points.
The market experienced a collective rise in sectoral market indices, driven by the real estate sector, which was the biggest gain in the market, 18%, investment and financial services 13.14%, commodities basic 14.26%, insurance 11.57% '8.35%, in addition to' banks' 4.21%.
The market was strongly supported by Emaar Properties, which rose 23.7% to close at 5.53 AED, while trade remained at 1.1 billion AED, the highest of the two markets. The best monthly performance of July since April 2015.
In contrast, Emaar Properties rose 18.8% to AED 4.8, 172.6 million AED and Emaar Properties from 4.95% to 2.12 AED, as well as 10.3% to 1 02. , Union Properties (8.61%), Deyaar (10.3%) and Arabtec (16.45%).
In the banking sector, the main shares of the market led to the performance of the index, where the NBD Emirates' 4.85% to 11.9 AED, trading at 193.6 million euros, and Islamic Dubai "at 4.11% to 5.32 AED, trading at 686.2 million DH, Amlak Finance progressed 24.26%, Dubai Commercial 3.95% and dual listed companies, GFH rose by 6.8% to 0.939 dirhams, 409 million dirhams and Ithmaar by 19.7%.
The investment sector gained weight, the DFM gaining 33.1% to 0.945 AED, the investment in Dubai up 8.73% to 1.37 AED and the capital of SHUAA Capital 4.93% at AED 1.
In "Insurance", Salameh recorded the largest increase in the sector, at 18.65 AED, Takaful House rose 7.85% to 0.618 AED and AMAN 4.62% to 476 AED.
Air Arabia rose by 6.67% to 1.12 AED, Aramex by 3.77% to 4.4 AED and Gulf Navigation from 2.96% to 0.799 AED.
The Abu Dhabi Securities Exchange index recorded its largest monthly increase in nearly three and a half years since February 2016. The overall index rose 6.79% in July, adding 337.94 points.
The sector indices showed a collective rise, driven by real estate with 21.37%, investment and financial services at 7.59%, banks at 7.13%, energy at 5.9% and commodities at 20.9%.
Aldar Properties was strongly supported by positive news regarding the company's recent contracts, which boosted stock buying by investors, up 22.2% to reach AED 2.31.
In the banking sector, Abu Dhabi I grew by 7.59% to 15.88 AED, with a business turnover exceeding 491 billion AED, supported by the good results of the bank and by the Bank proposal to remove the ceiling of foreign ownership.
The Commercial Bank of Abu Dhabi also increased by 7.53% to AED 9, amounting to AED 792.4 million. The Islamic Bank of Abu Dhabi grew by 8.24% to 4.99 AED, Sharjah Islamic Bank 5.56% to 1.14 AED and Bank of Sharjah 3.02% to 0.954 AED
In the energy sector, Dana Gas grew 10.17% to settle at AED 1.04 and is currently trading at 279 million AED.
Etisalat increased by 3.36% to 17.24 AED.
In investment, Ashraq rose by 12.24% to 0.44 AED and Waha Capital by 7.45% to 1.01 AED.
Global Holding Shares 56.8% increase to AED 2.18.
On the other hand, non-Arab foreign investors and GCC countries registered 1.22 billion AED (454.6 million AED in Dubai and 763.3 million AEDs). in Abu Dhabi) due to purchases of 3.65 billion from AED and a business figure of 2.4 billion from AED.
Nationals registered a business turnover of 1.07 billion from AED thanks to purchases of 4.07 billion from AED and a turnover of 5.14 billion euros. # 39; AED.
The Gulfs recorded a business turnover of 46.3 million AED, due to purchases of 698.6 million AED, 744.8 million AED, as well as a turnover figure of business of 99.3 million AED, due to purchases of AED 713.7 million and sales of AED 813 million.
In terms of institutional investment, portfolios and institutions recorded a takeover of AED 1.3 billion, of which AED 559.2 million in Dubai and AED 752.75 million in Abu Dhabi.
The total amount of the purchase transactions amounted to 5.3 billion of AED, while sales reached 4.02 billion of AED.
National equity markets posted strong performances in July 2019 sessions, supported by strong corporate results, investor interaction with incentives and positive news from some companies, as well as proposals to remove restrictions on foreign ownership in corporations. The Abu Dhabi index rose 6.8%.
Market data showed that net foreign investment (non-Arab and Gulf) reached AED 1.2 billion in July, thanks to purchases, while institutional investments recorded a redemption of AED 1.3 billion. .
The DFM index jumped to the highest monthly rate in more than four years, particularly in April 2015, after rising 9.77% in July, adding 260 points.
The market experienced a collective rise in sectoral market indices, driven by the real estate sector, which was the biggest gain in the market, 18%, investment and financial services 13.14%, commodities basic 14.26%, insurance 11.57% '8.35%, in addition to' banks' 4.21%.
The market was strongly supported by Emaar Properties, which rose 23.7% to close at 5.53 AED, while trade remained at 1.1 billion AED, the highest of the two markets. The best monthly performance of July since April 2015.
In contrast, Emaar Properties rose 18.8% to AED 4.8, 172.6 million AED and Emaar Properties from 4.95% to 2.12 AED, as well as 10.3% to 1 02. , Union Properties (8.61%), Deyaar (10.3%) and Arabtec (16.45%).
In the banking sector, the main shares of the market led to the performance of the index, where the NBD Emirates' 4.85% to 11.9 AED, trading at 193.6 million euros, and Islamic Dubai "at 4.11% to 5.32 AED, trading at 686.2 million DH, Amlak Finance progressed 24.26%, Dubai Commercial 3.95% and dual listed companies, GFH rose by 6.8% to 0.939 dirhams, 409 million dirhams and Ithmaar by 19.7%.
The investment sector gained weight, the DFM gaining 33.1% to 0.945 AED, the investment in Dubai up 8.73% to 1.37 AED and the capital of SHUAA Capital 4.93% at AED 1.
In "Insurance", Salameh recorded the largest increase in the sector, at 18.65 AED, Takaful House rose 7.85% to 0.618 AED and AMAN 4.62% to 476 AED.
Air Arabia rose by 6.67% to 1.12 AED, Aramex by 3.77% to 4.4 AED and Gulf Navigation from 2.96% to 0.799 AED.
The Abu Dhabi Securities Exchange index recorded its largest monthly increase in nearly three and a half years since February 2016. The overall index rose 6.79% in July, adding 337.94 points.
The sector indices showed a collective rise, driven by real estate with 21.37%, investment and financial services at 7.59%, banks at 7.13%, energy at 5.9% and commodities at 20.9%.
Aldar Properties was strongly supported by positive news regarding the company's recent contracts, which boosted stock buying by investors, up 22.2% to reach AED 2.31.
In the banking sector, Abu Dhabi I grew by 7.59% to 15.88 AED, with a business turnover exceeding 491 billion AED, supported by the good results of the bank and by the Bank proposal to remove the ceiling of foreign ownership.
The Commercial Bank of Abu Dhabi also increased by 7.53% to AED 9, amounting to AED 792.4 million. The Islamic Bank of Abu Dhabi grew by 8.24% to 4.99 AED, Sharjah Islamic Bank 5.56% to 1.14 AED and Bank of Sharjah 3.02% to 0.954 AED
In the energy sector, Dana Gas grew 10.17% to settle at AED 1.04 and is currently trading at 279 million AED.
Etisalat increased by 3.36% to 17.24 AED.
In investment, Ashraq rose by 12.24% to 0.44 AED and Waha Capital by 7.45% to 1.01 AED.
Global Holding Shares 56.8% increase to AED 2.18.
On the other hand, non-Arab foreign investors and GCC countries registered 1.22 billion AED (454.6 million AED in Dubai and 763.3 million AEDs). in Abu Dhabi) due to purchases of 3.65 billion from AED and a business figure of 2.4 billion from AED.
Nationals registered a business turnover of 1.07 billion from AED thanks to purchases of 4.07 billion from AED and a turnover of 5.14 billion euros. # 39; AED.
The Gulfs recorded a business turnover of 46.3 million AED, due to purchases of 698.6 million AED, 744.8 million AED, as well as a turnover figure of business of 99.3 million AED, due to purchases of AED 713.7 million and sales of AED 813 million.
In terms of institutional investment, portfolios and institutions recorded a takeover of AED 1.3 billion, of which AED 559.2 million in Dubai and AED 752.75 million in Abu Dhabi.
The total amount of the purchase transactions amounted to 5.3 billion of AED, while sales reached 4.02 billion of AED.
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