Share of performance and liquidity on 2 billion of AED

Local markets were mixed in last week's trade as foreign investors and institutional investors stepped up their shares to seize opportunities. The Dubai market grew, boosted by gains in the banking, real estate and banking sectors. Investment, while the capital market has folded back into profit-taking.

According to the economic report, net purchases of non-Arab foreign investors in both markets reached AED 44 million during the week, including 1.26 million in Dubai and 42.65 million in Abu Dhabi. And went to Abu Dhabi for sale at 24.28 million dirhams.

Contrast

The Dubai index rose 1.74% to above 2900 to 2900.4 points, with strong support from key stocks in the banking, real estate and investment sectors. the Abu Dhabi index fell 2.92% to 5230.22 points after being pressured to sell, the first weekly decline in six weeks.

"The local market posted mixed performances last week as the Dubai market was mainly supported by Emaar Properties after a series of positive incentives, including the signing of Dubai's largest real estate company, Rated at 40, 5 billion AED with Beijing Daxing International Airport.

The brokers added that the Abu Dhabi shares were selling and making profits, but that the market is holding steady at 5,000 points, signaling that the correction is about to be completed.

Dubai Market

The rise in the Dubai market led to a 2.65% increase in the real estate sector, with an increase of 4.21% to 5.45%, Emaar Development of 2.58% to 4.77%, Deyaar Development of 1 , 47% at 0.344 AED and 1.1% of Damac Properties. In comparison, Union Properties lost 1.37% to 0.361 AED, Arabtec down 1.12% to 1.76 AED and Emaar Properties 0.95% to 2.08 AED.

The banking sector grew 1.2%, Islamic Dubai progressing from 1.34% to 5.31 AED and Emirates NBD 1.28% to 11.85 AED.

The investment sector advanced 1.77% as Dubai Financial Market jumped 11.43% to 0.936 AED, after the company reported a profit for the second quarter, while Dubai Investment lost 0.72% to 1.37 AED, 0.99% in AED.

The commodities sector gained 3.08%, the DAX rose 3.6% to 0.23 AED, the insurance sector grew 1.82%, with Dubai National Insurance & Reinsurance up 18.06%, Takaful House 2.8%, Dubai Islamic Insurance – Security »3.21%.

Emaar Properties is the most traded security with 312.43 million AED, followed by GfH with a liquidity of 137.86 AED against 0.93 AED and Dubai Islamic Bank with 143.74 million AED.

Dubai National Insurance & Reinsurance was the most active gain of 18.06%, closing at EUR 3.6, while Al-Madina Finance was the weakest of 3.95% at 0.23 AED.

Abu Dhabi Market

The telecommunications market drove the Abu Dhabi market down 6.07%, and Etisalat nearly closed at AED 16.7.

The banking sector declined by 2.26%, with a first decline of 2.99% in Abu Dhabi (15.6%) and Abu Dhabi Commercial Bank from 1.9% to 8.91%.

The energy sector fell 3.34%, while Dana Gas lost 4.63%. The company was seeking to withdraw from Egypt and focus on its activities in Iraq, which has achieved a better return on investment in recent years, according to the company's release, ADNOC Distribution 1.09% With Aldar down 2.12% at AED2.31. The investment sector fell by 2.82%, while Waha Capital lost 2.88%.

"Abu Dhabi Commercial" led the market with liquidity of 148.80 million AED, closing at 9.09 dirhams, followed by liquidity "Abu Dhabi I" of 136.7 million dirhams, to close at 16, 08 dirhams, then for a commercial value of "Dana Gas" of 112.9 million dirhams, and closed at 1.08 AED. CIBC was the biggest winner with 38.1% closing at AED 0.60, while Gulf Cement was the biggest loser at 22.14% at 0.90 AED.

2.16

Total liquidity in the Dubai and Abu Dhabi markets fell from 2.51 billion dirhams to 2.16 billion dirhams last week, spread between 1.27 billion in Dubai and 891 million in Abu Dhabi and the volume of shares rising from 1.45 billion to 1.35 billion.