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- Abu Dhabi – Rami Sameeh
Dated:
August 16, 2019
Local stocks closed at the end of trading yesterday, mixed with the sale of targeted stocks of major stocks due to investors' fears about global trade tensions.
The Dubai market fell 1.27% or 35.93 points to close at 2795.76 points, while shares in real estate, banking, investment and transportation declined, while the Abu Dhabi market edged up 0.02% or 0.89 points to close at 5,054.66 points as the banking and investment sectors rose. The telecommunications sector was unchanged.
The grace period for the rest of the companies, which has not announced their results in the medium term, expired yesterday, while badysts expect the markets to be balanced over the coming period. especially after the end of the summer season and the return of investors to inject more cash, which are currently trading at low and rare levels. Market liquidity continued to decline from AED 376.4 million on Sunday to AED 318.6 million yesterday, from 168.5 million in Dubai to 150.1 million in Abu Dhabi, traded at 283.9 million. 39 million shares, of which 217.2 million in Dubai and 66.7 million. In Abu Dhabi, through 5,194 operations.
Dubai Market
The decline in the Dubai market dominated the real estate sector by 1.92%, with Arabtec's shares 3.55%, DAMAC's 3.24%, Emaar Development's 2.82%, D & C's 39, Emaar Properties 1.9%, Emaar Malls 1.03% and Union Properties 0.29%. Emirates NBD lost 0.86% and Dubai Islamic Bank lost 0.58%.
The investment sector fell 2.19% with the Dubai market decline of 3.04% and Dubai investments of 2.22%, while Shuaa rose 1.05% and the Transport sector fell 1.07% under the pressure drop Air Arabia 1.65%, Aramex 0.72% and Gulf Navigation. 0.63%.
Emaar Properties led with 37.9 million AED, to reach AED 5.17, followed by Dubai Islamic Bank (AED 22.5 million), with a value of AED 5.14, followed by Ithmaar, with 16.5 million AED, to reach AED 0.28. Al Salam Bank was the largest gain, rising 4.59% to AED 1.14, while Al Madina recorded the worst performance, falling 9.93% to AED 0.24.
Abu Dhabi Market
The consolidation of the Abu Dhabi market was supported by the rise of the banking sector by 0.17% with the rise of the first Abu Dhabi of 0.17% against the decline of Abu Dhabi Islamic 0.8% and Abu Dhabi Commercial 1.66%, while the telecommunications sector remained unchanged with the stability of Etisalat.
The investment sector gained 1.24%, with Eshraq and Waha Capital gaining 1% and 1.49% respectively, while the real estate sector fell 1.65%, with Aldar Properties losing 1% and 1.49% respectively. , 78% and the energy sector, 0.42%, while ADNOC Distribution was down. Dana Gas was up 0.41%.
Abu Dhabi First was the most active with a turnover of 39.9 million AED which closed at 15.12 AED. Manazel was the main winner with a drop of 6.17% to AED 0.43, while the National Bank of Fujairah was the biggest loser with a fall of 9.83% to AED 4.31.
NASDAQ
The FTSE Nasdaq Dubai 20 Index lost 0.32% or 10.4 points to close at 3204.29 points after trading 222.69 million shares worth $ 3 million across 249 transactions .
The disclosures
Al Khazna Insurance Company reported net profit of 6.89 million AED in the first half of this year, compared with a loss of 3.43 million AED during the same period in 2018.
Fujairah National Insurance Co. reported net profit of AED 21.2 million in the first half of 2019, compared with AED 26.5 million for the same period last year.
Foodco Holding reported a profit of AED 39.88 million at the end of the six months ended June 30, 2019, compared to AED 48.57 million for the same period last year.
IFA (International Financial Advisors Holding Company), listed on the Dubai and Kuwait Stock Exchanges, announced that the company had registered the new capital after a reduction of 26.67 million KD to amortize accumulated losses, which accounted for 82% of the total. capital on 30 June.
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