41% increase in the liquidity of financial markets to half a billion dirhams

The liquidity of the local financial markets improved during the last trading session this week compared to yesterday 's trading session and last weekend' s trading session, due to the weakness of the market. profit taking operations on some of the rising stocks and total purchases of some others.
279.61 million shares were traded in 5219 transactions totaling AED 498.09 million (AED 235.9 million in Dubai and AED 262.2 million in Abu Dhabi), an increase of 35.1% compared to yesterday's business figure of 368.6 million AED. Cash was up 41.2% from the trading value of AED 352.83 million last week.
The Dubai Financial Market Index closed up 0.24% at 2837.96 points, supported by the rise in the real estate and transportation sector indices (in particular Emaar Properties, up 1.92% at 5 , 30 AED) and by Air Arabia. That rose by 3.45% and closed at 1.2 AED.
At the same time, the Abu Dhabi index closed down 0.42% to 5,097.17 points, under the effect of pressure exerted on certain sectors of the banks, telecommunications, banking, insurance, insurance and insurance companies. investment, insurance, industry and consumer, whose indices fell by 1.2%.
The divergence in the market indices occurred when the Governor injected cash into Dubai and liquidated Abu Dhabi as part of his plan to review his financial situation.
Market trading was focused on the largest stocks in both markets, with a note also on some Bahraini and Kuwaiti listed stocks, including "Digital Digital Services", which saw $ 56.63 million. traded shares valued at 10.78 million dirhams and which reached the higher level 14.62% to 0.196 AED, supported by the half-yearly results of the company, which made a profit greater than 1.16 million KD , having suffered losses during the previous period.
"Abu Dhabi Commercial Bank" is ranked at the top of the most active stocks with a commercial value of 83.5 million AED and closed down slightly by 0.14% to 8.43 AED.
The "first bank of Abu Dhabi" came in second with a commercial value of 63.45 million AED, down slightly by 0.04% to close at 15.1 AED. "Emaar Properties" shares increased by 1.92% to close at 5.30 AED. "Air Arabia" shares were also heavily traded with a commercial value of AED 56.2 million, up 3.45% to close at AED 1.2, supported by the solid results obtained by the company in the first half of the year. this year, rising to 338 million AED, representing a growth of 47% over the same period last year.
"Ann Digital Services" was the largest gain, closing at AED 0.196, with 56.63 million shares changing hands, ahead of the list of volumes. "Ekttitab" came in second place and closed up 12.28% to 0.192 AED and "Al Madina" took third place and increased by 11.57% to close at 0.241 AED. Bank of Sharjah shares rose 5.98% to close at 0.87 AED. "Al Qudra Holding Company" witnessed pressures, which dropped to the minimum level and closed at 0.82 AED, falling above the list of the most declining stocks in both markets. "Al Salam Group Holding" decreased by 8.03% to close at 0.527 AED. "RAK Insurance" lost 5.26% to close at 2.7 AED. "Arkan" lost 3.23% to close at 0.48 AED.

Investor Trading

Arab investors in both markets tended to sell their shares in order to make a profit: their net investment amounted to AED 3.52 million, of which AED 2.57 million was sold in Dubai.
CCG investors sold their shares equitably for profit in the Dubai market, with a net investment of AED 6.05 million resulting from the sale, which corresponds to the sale and liquidation of shares on the market. Dubai market for AED 10.77 million, and Abu Dhabi's purchase at 4.72 million net.
Nationals stepped up their sales with a net profit of AED 3.85 million, or AET 10.7 million for ADX sellers, while they were net sellers of AED 14.6 million.
In return, foreign investors injected cash into DFM's shares with a net investment of AED 27.9 million, while liquidating shares of the Abu Dhabi market with a net investment of $ 14.5 million. AED resulting from the sale, thus exerting a downward pressure on the Abu Dhabi market. Yesterday, the index boosted foreign trade by stimulating trade in Dubai, which rose 0.24%, while their trading activities and sales weighed on the shares of Abu Dhabi, which which contributed to the 0.42% decline in the Abu Dhabi index.
The investment portfolios of banks, companies and government institutions injected liquidity concentrated on Dubai's market share (their net investments in the Dubai market reached AED 37.6 million), which increased its index, which contributed to the rise of the Dubai index. These portfolios wound up shares in the Abu Dhabi market, with a net investment of 27.25 million AEDs resulting in sales, which contributed to pressure on the Abu Dhabi market, which closed down. .