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August 06, 2019
LONDON (Reuters) – Domestic stocks closed lower on Monday, reflecting a drop in the Gulf markets following the intensification of the trade dispute between the two countries and China, pushing investors towards safer badets.
Only 11 domestic actions have increased. The Dubai market fell by 2.03% or 58.08 points, the largest daily loss in two and a half months, to close at 2799.83 points, continuing its decline for the third consecutive session.
The Abu Dhabi market lost 96.7 points, or 1.87%, to close at 5083.16 points, its lowest level since the middle of last month, and continued its decline for the fifth consecutive session with the decline in shares in banks, telecommunications, real estate and energy.
According to the economic report, the Saudi stock market fell 1.07% to close at 8465 points, the index of the Kuwaiti stock market dropped 0.29% to 4872 points and the Bahrain stock market lost 0.26% to 1544 points.
Liquidity
Liquidity stood at 430.9 million AED, distributed between 226.4 million in Abu Dhabi and 204.5 million in Dubai and 218.38 million shares traded, of which 69.1 million in Abu Dhabi and 149.27 million in Dubai, through 6,274 transactions.
Dubai Market
The Dubai market has fallen, the real estate sector down 3.13%, Emaar Malls down 4.83%, Emaar Properties down 3.25%, development in Emaar down 2.39% % and Arabtec down 2.3%.
The banking sector fell 1.71% as Dubai Islamic Bank lost 2.09% and Emirates Emirates 1.7%. The investment sector lost 0.56%, while Dubai Investment lost 0.74% and 1.02% respectively. The Dubai market grew by 0.11%. .
The transportation sector fell by 0.72%, Gulf Navigation by 1% and Aramex by 1.15%, while Air Arabia remained stable. Emaar Properties was the most active with a liquidity of 55.8 million AED to close at 5.06 AED. Only 5 stocks, led by Oman Insurance, rose 14.67%, to 1.72 AED, while Ithmaar posted the worst performance, of 7.98%, to 0.24 AED.
Abu Dhabi Market
The Abu Dhabi market fell, with the banking sector down 1.92%, Abu Dhabi gaining 2.21%, Abu Dhabi's commercial segment up 2.04%, the Islamic group Abu Dhabi of 0.99% and telecommunications of 2.64%, with the fall of Etisalat.
The real estate sector fell by 1.42%, that of Aldar Properties by 1.35% and that of Ras Al Khaimah Properties by 2.35%. The energy sector declined slightly, with Dana Gas falling 0.97% against ADNOC and energy at 1.12% and 1.28%. While the investment sector dropped by 1.37% with the fall of "Waha Capital 0.98% and of" brilliant 2.38%.
Abu Dhabi First led the session with a liquidity rating of AED 54.9 million to close at AED 15.04, followed by Abu Dhabi Commercial Bank with AED 44.18 million to close at AED 8.6. Only 6 shares, led by Emirates Driving, rose 3.15% to AED 7.85, while Charter was down 4.16%.
NASDAQ
The FTSE NASDAQ Dubai 20 index lost 2.19% or 72.35 points to close at 3225.27 points after trading 301.7 thousand shares of a value of 4.18 millions of dollars in 334 transactions.
The instructions
The Securities and Commodities Authority (SCA) said that allowing investors to discuss the performance of the board of directors and its plan for the coming period was a right granted at the general meeting of the company. She advised that you always actively participate and vote on all decisions that are in the best interest of the corporation and the interests of the shareholder.
The disclosures
The Board of Directors of Damac Properties will meet on Thursday to discuss and approve the financial results for the period ended June 30, 2019.
The board of directors of DxP Entertainment has decided to postpone the decision to enter into an agreement with the parties concerned regarding the accommodation of employees, to propose changes to the company's contracts for computer services and sponsorship of its subsidiaries, which will be examined at the meeting of the Board of Directors of tomorrow. .
Waha Capital's board of directors will meet on Thursday to approve the second-quarter financial results.
Union Insurance achieved a net profit of AED 19.6 million at the end of the first half of 2019, compared with a profit of 9 million euros for the same period of 2018.
Gulf Medical Projects Company reported a profit of 20.2 million AED at the end of June 2019, against a profit of 36.2 million EUR for the corresponding period of 2018.
Arkan Building Materials' profit reached AED 33.8 million at the end of the first half of 2019, compared with 15.2 million a year earlier.
In the first half, Alliance Insurance reported a net profit of 24.82 million AED, compared with 26.45 million AED for the same period in 2018.
The Arab Islamic Insurance – Salamah, Unicai Foods, Digital Services Holding, Salam Holding and Al Madina Finance & Investment boards of directors will meet tomorrow to discuss the interim consolidated financial results for the first half of the year.
Ithmaar Holding intends to voluntarily retire from the Kuwait Stock Exchange while trading on the Bahrain Stock Exchange and the Dubai Financial Market continues.
Yusuf Al-Mulla has resigned from his position of board member of the company 'Al Safwa directly for part time because of personal obligations.
Sudan-based Al Salam Bank, listed on the Dubai and Khartoum stock exchanges, posted a profit of 45.8 million Sudanese pounds at the end of the first half of 2019, compared with 455.4 million Sudanese pounds in the same period of 2018.
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