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The expected partial profit taking in the markets continued, with most stocks having reached high levels due to a series of gains recorded during last July's sessions: the Dubai Index lost 1.46%, while that of Abu Dhabi fell by 0.96%.
Although the pressures were caused by the fall of most equities, the main property values such as Emaar Properties and Aldar, as well as banks such as Abu Dhabi I, Emirates NBD, were the most affected. Islamic ". Despite these negative movements on the part of some investors, most of them maintained their investment positions, which resulted in low liquidity, which did not exceed MAD 200 million in both markets, about 188.6 million DH, divided into 108 million DH. Dubai and AED 80.6 million in Abu Dhabi, representing around 90 million shares in Dubai and 36.5 million in Abu Dhabi.
Profit pressure in Dubai
The Dubai index fell 1.46% to 42.5 points, losing 2,900 points to close at 2,587.9 points, under the pressure of weak liquidity gains.
The real estate sector was the biggest loser in the market, with a decline of 3.17%, with a collective decline, including a 4.04% decline for Emaar Properties, which has established at AED 5.23, the market dominating the market with 28.6 million AED. Damac fell by 1.91% to 0.976 AED, 10 million AED, 2.49% from Union Properties and 2.91% from Deyaar.
The bank index fell 0.44%, affected by a near-collapse of the sector, excluding the Mashreq bank, which grew by 6.67% at AED8, while Emirates NBD lost 0.84% to 11.75%, 10.5 million AED and Dubai Islamic Bank 0.75% to 5.27 dirhams, representing 14 million exchanges, while the GfH fell by 1.41% at 0.911 dirhams, after the security experienced a liquidity of about 10.5 million dirhams.
The investment index fell by 1.81%, Dubai's financial market declined by 2.88% to 0.909 AED, Shuaa's capital by 2% to 0.98 AED and investments in Dubai by 1.46%. % to 1.35 AED.
The shares of 3 insurance companies declined, with Salama down 1.01%, Takaful House 2.24% and Aman 3.93%.
In the commodities sector, Dxp Investments fell 2.17% to settle at 0.225 AED, while Dubai Refreshments recorded the largest gain in the market, up 14.48%. , to reach 10.2 AED.
Banks have the greatest influence
The Abu Dhabi index fell 0.96% to 5,179.92 points, under pressure from the banking sector which lost 1.09% and the real estate index which lost 3.66%. And 'Telecommunications' 0.48%, while the 'investment' and 'energy' movements
The market, up slightly by 0.16% and 0.29%, respectively. Abu Dhabi First rose 1.41% to 15.38 AED, to 15.5 million AED, while the Islamic Bank of Abu Dhabi rose 0.80%, ahead of 21 AED million the most traded companies in value. RAK National rose 1.09% to 4.65 AED and "Sharjah Islamic" 0.88% to 1.15 AED.
"TAQA" recorded the largest increase of 5.26% to 0.78 AED, while "Global Holding" increased by 2.76% to 2.23 dirhams, with trade of about 13.8 million dirhams. In the investment sector, Waha Capital rose 0.99% to 1.02 AED, while Ishraq Investment lost 1.41% to 0.42 AED.
Aldar Properties fell 3.9% to 2.23 AED, with a business turnover of 2.8 million AED, thanks to partial profit taking.
Investor Trading
Trade in both markets was mixed: the Arabs sold 5.3 million AED in Dubai and 2.25 million AED in Abu Dhabi.
The Gulf countries recorded a 6.5 million AED sale in Dubai and a 4.1 million AED takeover in Abu Dhabi.
Foreigners achieved a turnover of AED 2.8 million in both markets as a result of purchases of AED 41.8 million and sales of AED 44.67 million. After the purchase in Dubai, the attitude of the citizens amounted to 13.5 million of AED, of which 5.25 million of AED in Abu Dhabi, for a total of 103.7 million and 95.4 million of EDA. Institutional investments sold 7.8 million AED on both markets, as a result of EDA's 84.2 million purchases and a sales turnover of 92 million of AED. Retail purchases amounted to 104.3 million AED, for a business turnover of 95.5 million from AED.
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