"Real estate" and "banks": pressure on stocks during the first sessions following EI



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Dubai: Anwar Dawood

The general indexes of the red-stock markets, during the first trading session after the holidays of Eid al-Adha, were affected by the decline in the main shares of the banking and real estate sectors, the l? index being 0.22% for the Dubai financial market and 0.85% for the Abu Dhabi financial market.
Liquidity in both markets, mainly oriented towards banks and real estate, fell to 376 million from AED, of which 164.7 million from AED to Dubai and 211.6 million from AED. AED in Abu Dhabi. Total shares traded reached 230.2 million shares, of which 176.7 million were in Dubai. And 53.47 million in Abu Dhabi, where the number of transactions executed in both markets is about 5878 transactions.

Dubai Market

In detail, the DFM index fell slightly by 0.22%, about 6.3 points, to close at 2831.7 points, abandoning the level of 2857 points recorded by the company. hint at the beginning of the session. The index fell in the first hour of the session, under pressure from the real estate and banking sectors, in particular the main stocks, which recorded some slight decreases during the session.
The real estate index fell 0.55%, with 4 values, namely: "Emaar Properties", down 0.57% to 5.27 AED, after the market exceeded 52.5 million of dirhams, while 'Emaar Development' recorded the largest decline in the Emaar Malls sector fell by 1.02% and Union Properties fell 0.87%. In contrast, Damac grew 1.38% to 0.958 AED, reaching 5.7 million dirhams, Deyaar 1.21% and Arabtec 1.2%. The bank index edged down 0.26%, with Islamic Dubai falling 0.58% to 5.17 AED and trading at 16.8 million AED, GFH of 0, 67% to 0.890 AED and Amlak up 0.90% to 0.338 AED. As Emirates NBD has stabilized unchanged, Ithmaar jumped 14.98% to 0.284 dirhams.
The investment index rose 0.13%, Dubai Investments rising 0.75% to 1.35 dirhams, in the wake of the decline of the Dubai financial market from 1.71% to 0.922 dirhams, and the stability of the SHUAA unchanged.
The commodities sector advanced 2.3%, supported by DXB Entertainment's unique 2.7% gain to AED 0.228, of which AED 4.75 million was traded.
Insurance companies, whose sector index fell by 0.55%, were mixed. Salama lost 0.89% to 0.665 AED and Takaful House 2.28% to 0.601 AED, while Aman rose 3.26% to 0.475 AED.

Abu Dhabi Market

The Abu Dhabi Securities Market index fell 0.85% to 5053.77 points, against a backdrop of an almost collective decline in sectoral indicators: "banks" 0.55%, "Investment and financial services" 5.69%, "Real estate" 2.11% and "Telecommunications" 1.1%. .
The commercial bank of Abu Dhabi (ADCB), the most traded issue in value, was the most active with a turnover of 89.6 million AED, up 0.24% to 8, 45 and from 1.71% to 1.19%. The Islamic bank of Abu Dhabi sold 0.61% to 4.98 AED The pressure was exerted by the first bank of Abu Dhabi, which fell by 0.93% to 14.96 AED, for a figure of AED 40.5 million business.
Aldar Properties sold 2.17% to close at AED 2.17, with a commercial value of AED 31.7 million.
"Etisalat" shares fell 1.11% to AED 16.1 million, for a total of 23.8 million EDA. In the investment, "Waha Capital" fell 6.93% to 0.94 AED, affected by the company's results for the second quarter of this year, and "Eshraq Investment" 4.3% to 0.40 AED.
In the energy sector, "Dana Gas" fell 2.88% to 1.01 AED, after the security had a liquidity of about 4.4 million dirhams, while that of "ADNOC Distribution "was 0.74% to 2.72 dirhams.

Investor Trading

Non-Arab foreign investors made AED 39.46 million in sales transactions in both markets, including AED 20 million in Dubai and AED 19.4 million in Abu Dhabi, buying and selling shares of total value. AED 209.5 million and AED 249 million. Millions of AED.
On the other hand, the rest of the investors tended to buy: the Arabs recorded a purchase volume of 5.7 million AED, purchases of around 26.3 million DH and sales of around 20.6 millions of DH.
Gulf Arabs also recorded a purchase / sale difference of AED 7.07 million resulting from purchases of AED 17.6 million and sales of AED 10.6 million.

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