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- Dubai – Amr Adel
Dated:
July 26, 2019
National equity markets ended yesterday mixed, in a context of declining liquidity and the search for new stimulus measures by investors, including strong results in the medium term and interest rate expectations. The Abu Dhabi market gained 0.57% or 30.76 points to close at 5387.77 points. Dana Gas, Aldar Properties and Etisalat led the first Abu Dhabi to the green zone for the eighth consecutive year.
The Dubai market fell 0.18% after a three-session rise to close at 2,850.69 points, under pressure from lower shares of Emirates NBD, DIBI Islamic and DOO. Liquidity increased from AED 613.2 million in the previous session to AED 568 million, of which 250.81 million in Dubai and 317.09 million in Abu Dhabi, of which 380.8 million (135.17 million in Dubai and 245.63 million in Abu Dhabi). .
Climb
The rise in the Abu Dhabi market drove the energy sector up 2.49%, with Dana Gas gaining 3.85% and ADNOC distributing 1.1%. The investment sector grew by 1.65%, Ishraq by 3.3%, real estate by 0.95%, RAK Properties by 2.42% and Aldar Properties by 0.85%.
The commodities sector grew by 0.71%, while the Global Holdings sector gained 1.93%. The telecommunications sector has progressed with the rise of Etisalat. The banking sector grew by 0.45%, with a 1% increase in the commercial bank in Abu Dhabi and 0.5% in Abu Dhabi. The insurance sector increased slightly by 0.08% with the share of "Charter 5.15%. In contrast, the industrial sector fell by 0.02% and RAK Cement by 0.77%. The commercial bank of Abu Dhabi dominated the market with 96.18 million AED, with Abu Dhabi First, 42.5 million AED and Abu Dhabi Islamic with 36.42 million. ; AED. On the upside, RAK Insurance was the biggest loser by 5% to 2.85 AED.
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The Dubai market fell 0.47% under pressure from the banking sector, with a decline of 0.43% for Emirates NBD and 0.2% for Dubai Islamic. The market was also affected by the 1.78% decline in the telecommunications sector with the share of "du," the transport sector declined 0.8% with the decline in "Gulf Navigation 1.36 % and & # 39; of Air Arabia 0.89%, while the insurance sector fell 0.57% with the decline of 1.08%. While real estate was up 0.32%, Emaar Properties gained 0.38%, Arabtec up 1.7%, Union Properties up 1.67% and Emaar Properties up 2.2 %. Investments increased by 0.75%, Shuaa 3%, Dubai Investment 0.73% and Dubai Financial Market gaining 0.12%. While the commodities sector grew by 2.36% while the DXP share was 2.76%. Emaar spearheaded the Dubai market with AED 42.11 million, followed by GFH with AED 34.91 million and Dubai Islamic Bank with AED 30.06 million. The biggest winners were "Ekttitab Holding", which dropped 4.35% to reach AED 0.192. In contrast, Dubai National Insurance & Reinsurance was the biggest loser by 10% at AED 3.6.
investors
Non-Arab foreign investors and Gulf countries bought a net investment of 39.7 million AED, while Arabs and citizens were put on sale with a net investment of 39.7 million AED distributed to 266.68 thousand AED for Arabs and 39.43 million AED for nationals.
In Abu Dhabi, non-Arab foreigners were net buyers with a net investment of 88.85 million euros.
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Market badysts said profit taking on some major stocks had pulled the Dubai market index down, pointing out that current gains in Abu Dhabi corresponded to the positive expectations of the results of large companies not announced so far. , pointing out that markets offered opportunities to seize opportunities.
The disclosures
The National Bank of Umm Al-Qaiwain (NBQ) reported a net profit of 238.9 million AED, against a profit of 237.8 million AED for the same period last year.
Insurance House achieved a net profit of 8 million AED for the first half of 2019, up 21.4% from a net profit of 6.62 million AED for the same period last year.
The National Energy Company of Abu Dhabi (TAQA) has invited TAQA to hold a meeting of its board of directors on Tuesday at the request of shareholders holding more than 20% of the capital, in order to decide on Saif al-Sabairi, Mohammed al-Suwaidi and Abdul Aziz al-Humaidi. Filtration door.
Investment and Development Company Al – Zaman has decided to hold a meeting of its board of directors on Wednesday to review and approve the financial statements for the second quarter of 2019.
The Board of Directors of United Arab Bank (UAB) will meet on Tuesday to approve the consolidated financial statements for the period ended June 30, 2019.
Foodco Holding will hold a meeting of the Board of Directors on August 5th to review the draft financial statements for the period ended June 30, 2019.
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