United Arab Emirates – Markets are mixed before Eid holidays and half a billion cash



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(MENAFN – Al-Bayan) Source:

    Abu Dhabi – Rami Samih

Dated:
August 09, 2019

The performance of local stocks has varied at the close of trading yesterday, before Eid al-Adha's holiday scheduled for next Sunday, as the Dubai market grew, benefiting from the support of Emaar Properties and D & # 39; 39; Emirates NBD, while the capital market was under pressure from the main actions of the banking sector.

The markets will start on the holiday of Eid al-Adha from Sunday to Tuesday. Official working hours will resume as of Wednesday, one day before the end of the grace period for other companies that have not announced their mid-term results.

The Dubai market rose 0.24% or 6.68 points to close at 2837.96 points with rising real estate and transportation values ​​despite the decline in banks and investments, while the Abu Dhabi market fell by 0.42% or equivalent to 21.59 points to close at 5,097.17 points as banks and the energy sector retreated. Real estate, investment and energy. Equity liquidity reached nearly half a billion dirhams, reaching 498.1 million euros, divided as follows: 262.17 million in Abu Dhabi, 235.9 million in Dubai and 279.6 million shares negotiated, including 194.6 million in Dubai and 84.9 million in Abu Dhabi, through the completion of 5215 transactions.

Dubai Market

The increase in the Dubai market was boosted by a 0.8% increase in the real estate sector: Emaar Properties up 1.92%, Union Properties up 0.29%, Arabtec down 1, 76%, Emaar Development of 1.59% and Damac of 1.56%. Air Arabia rose 3.45% despite Aramex and Gulf Navigation down 1.18% and 0.62%. The banking sector fell by 0.04% under the pressure of the Islamic Dubai – 0.57% down & # 39; – Emirates NBD 0.43%. The investment sector fell by 0.83%, with Dubai Investments down 0.74%, the Dubai market up 0.95% and the Shuaa up 1.45%.

Emaar Properties dominated the market, attracting AED 56.6 million to close at AED 5.3, followed by Air Arabia which traded at AED 56.2 million to reach AED 1.2. Ann Digital was the biggest winner with a 14.6% rise to 0.19 AED, while Al Salam was the biggest loser, falling 8.03% to 0.52 AED.

Abu Dhabi Market

The banking sector declined 0.42%, with Abu Dhabi First losing 0.26%, Abu Dhabi Islamic 0.8% and Abu Dhabi Commercial Bank 1.63%, while the telecommunications sector declined 0.85% %, due to the fall of Etisalat.

The energy sector grew by 0.08% with Dana Gas by 0.97%, real estate by 0.67% with Aldar by 0.88% and the investment by 0, 54% with Waha Capital of 1%. Abu Dhabi Commercial was the main driver of the rise, reaching AED 83.5 million, closing at AED 8.4, and Abu Dhabi the first at AED 63.4 million, closing at AED 15.1. Bank of Sharjah recorded the largest increase of 5.98%, while Al Qudra Holding recorded the largest decrease of 10%, to 0.81 AED.

NASDAQ Dubai

The FTSE Nasdaq Dubai 20 index lost 0.27%, or 8.87 points, to close at 3242.26 points, after trading 260.25 million shares of value 2 $ 36 million in 163 transactions.

The instructions

The Securities and Commodities Authority has asked investors to register their bank account number with the brokerage firm and stock exchange so that they can easily receive all dividends and guarantee the rights of shareholders who have not received any dividends.

The disclosures

Dubai National Insurance and Reinsurance (DNIR) achieved a net profit of 35.2 million AED for the first half of this year, compared with 35.1 million AED for the same period last year.

Gulf General Investments recorded a loss of AED 68.3 million in the first half of 2019, compared with a loss of AED 107.9 million for the same period last year.

– Al Sagr National Insurance posted a profit of 12.47 million AED at the end of the first half of the year, compared to 19.55 million AED for the same period in 2018.

Al Ain Ahlia Insurance made a profit of 32.2 million AED at the end of the first half of this year, compared to 40.64 million AED at the end of the first half of 2018.

Al Dhafra Insurance has announced an increase in profits, to 40.22 million AED in the first half of 2019, against 34.18 million euros for the same period last year.

The results of AXA Green Crescent Insurance resulted in a profit of 374 K € at the end of the first half of 2019, compared with a loss of 2.47 K € at the end of the same period 2018.

Global Holding's results for the first half of this year increased from AED 17.41 million to AED 10.77 million at the end of the corresponding period of last year.

– The national investor has announced a profit of 11 million AED at the end of the first six months of this year, against AED 2.28 million at the end of the corresponding period of the previous fiscal year.

– The first half results of Gulf Investment for the first half of the year stood at 1.39 million from AED, compared with 4.01 million at the end of the year. same period last year.

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