Emaar has more than 900 billion dirhams

Investor sentiment was boosted by yesterday's trading session and the stock market capitalization reached AED 9.6 billion, buoyed by optimism driven by strong banking results and the trend in emerging markets. traders to buy in most sectors, especially because prices are trading at attractive prices. Emaar has paid more than 900 billion dirhams to the market's total market capitalization.

The index rose 1.3%, surpbading the 2750-point level to close at 2774.87 points, with gains in most sectors, mainly in real estate, banks and investments. .

The Abu Dhabi market rose for the fifth consecutive session, close to the level of 5300 points, up 1.2% to close at 5299, with the rise in shares of banks and real estate.

In the previous session, liquidities increased from AED 234.32 million to AED 522.3 million, of which 199.7 million in Dubai and 322.6 million in Abu Dhabi, of which 295 million (146, 2 million in Dubai and 148.8 million in Abu Dhabi). .

Total market capitalization reached AED 903.4 billion at the end of yesterday's session, after Abu Dhabi shares rose by 5.65 billion dirhams and Dubai shares by 3, 95 billion.

Immovable

Dubai gains pushed the real estate sector up 2.3%, with Emaar Properties up 2.48% to its highest level in three months: AED 4.95, 2.97% for Emaar Properties, 2 , 60% for Emaar Properties and Arabtec. Holding »1.74%

The banking sector grew by 0.86%, with the Commercial Bank of Dubai up 2.63%, Emirates NBD 0.87% and Islamic Dubai 0.78%. The investment sector increased by 0.74%.

The commodities sector grew by 2.03% and the telecommunications sector by 0.86%, with the same increase. The services sector grew by 0.82%, Tabreed by 1.14%, the insurance sector by 0.55% and Takaful House by 1.33%.

Emaar Properties tops the list with a net flow of 63.86 million AED, followed by Dubai Islamic Bank (27.25 million AED) to AED 5.2. The title "Dubai Refreshments" rose 14.97% to 8.91 AED, while Amlak Finance was the main loser of 1.83% to 0.322 AED.

Abu Dhabi Market

In the Abu Dhabi market, the banking sector grew by 1.2%, followed by Bank of Sharjah (2.15%), Abu Dhabi First (1.52%), Abu Dhabi Islamic Bank (0.63%) and Abu Dhabi Commercial Bank (0.57%). .

The real estate sector grew by 2.70% and the telecommunications sector by 1.51%, while Etisalat saw the same increase.

The commodities sector grew by 0.61%, Agthia by 0.60%, the industrial sector by 0.50%, by 6.38% for Gulf Cement and by 0.46% for Cement de Ras Al Khaimah. .

Abu Dhabi First dominated the market with a net flow of 34.5 million AED, closing at 4.83 AED, followed by "International Holding" with a liquidity of 67.3 million AED, closing up 0.6% to 1.66 AED. "Gulf Cement" increased the most by 6.38% to 0.900 AED, while "Al Qudra Holding" was the weakest down 6.84% to 0.885 AED.

Gulf investors and foreign investors in Dubai tended to buy a net investment of AED 34.14 million, including $ 31.44 million for foreigners and $ 2.7 million for Gulf investors. In Abu Dhabi, foreigners and Gulf countries were net buyers with a net investment of 112.01 million euros.

Strong recovery

"Local stocks have seen a strong rebound fueled by investor sentiment, especially with Emaar signing an agreement with Daxing Airport in Beijing for a 40.5 billion Dhs project," said the market intermediaries.

The disclosures

The ADIB Board of Directors will meet Wednesday to approve the second quarter financial statements of 2019.

Ras Al Khaimah Poultry Company posted a net profit of AED 3.3 million for the first half of 2011, compared to AED 2.45 million for the corresponding period of 2018.

The audit committee of the Board of Directors of RAK Properties will meet on Sunday to discuss the audited financial statements for the second quarter of 2019.