Stock markets mobilize against pressure on profits



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Local stock markets clashed at the end of yesterday's session against banks' profit-taking, real estate and investments, as investors watched more, while liquidity remained at a level below 200 million dirhams. Or 7 points to close at 2941.81 points, with a decline in real estate and investments Financial markets lost 11 points, or 0.25%, to 4,832.22. Total liquidity in the two markets reached AED 174.45 million, distributed to 97.15 million in Dubai, 77.3 million in Abu Dhabi and exchanged 87.36 million shares, of which 65.36 million in Dubai and 22 million in Abu Dhabi until 1956. Dubai Real Estate fell 0.99% with Emaar Properties down 1.7%, Arabtec by 2.48%, Deyaar by 0.7% and Union Properties of 0.28% Investment fell 1.3%, Dubai Investment fell 1.48% and Shuaa Capital lost 3.7%. While the banking sector index rose 0.6%, which slowed down the market decline, supported by Dubai Islamic Bank by 0.8% and Mashreqbank by 7.38%.

Dubai Islamic Bank dominates the Dubai market with a liquidity of 17.8 million, followed by Emaar Properties (15.5 million AED), followed by Drake & Scull (12.06 million AED) and Agility (14.91 %) to AED 7.86. (19659002) Banks

The banking sector of Abu Dhabi dropped after falling 0.28% with the fall of "Abu Dhabi I" 0.74%, while the Bank Abu Dhabi's commercial rose by 0.99%, the telecommunications sector by 0.29% and Etisalat was the same, while the energy sector lost 0.3% and Dana Gas has decreased by 1.8%

Abu Dhabi First issued a 27 million AED activity on the capital market, Etisalat's stock price was AED 14 million, followed by Abu Dhabi Commercial Bank with 12 million AED. The highest winner of 10.52% at AED 2.52, while RAK Cement was the largest drop of 8.9% at AED 0.81.

Purchase Abroad

On the other hand, the Arabs and the Gulf countries tended to sell with a net investment of AED 17.73 million, of which $ 14.4 million AED for Arabs and 2.3 million AED for GCC nationals.

Investment and institutional investors tended to buy with a net investment of AED 14 million, of which AED 11 million in Abu Dhabi and AED 3 million in Dubai, compared with AED 14 million for a net investment of AED 11 million in Abu Dhabi .

Contracts

The FTSE NASDAQ Dubai 2 index declined (0.36%) to 3259.23 points after trading 116.7 thousand shares of the company. A value of $ 1.057 million NASDAQ Dubai futures transactions took place after 4 transactions of 7,500 contracts worth 1.05 million AED on GfH contracts down 1.48%.

Ⅶ Disclosures

The net profit of Fujairah Construction Industries amounted to 24.1 million AED in the first half of the year, compared with 13.33 million AED for the same period. ;last year.

AED 54.04 million in the first half versus AED 48.69 million for the same period in 2017.

RAK National Insurance increased to AED 10.45 million in the first half compared to AED 12.35 million over the same period last year.

The profits of Union Insurance increased to AED 9.02 million in the first half against AED 283 thousand in the same period last year. 2015.

Gulf Medical Projects Company announced that its Board of Directors will approve the adoption of the financial statements for the second quarter of this year, August 2.

The RAK Ceramics Board of Directors will hold a meeting on August 1 The financial statements for the first half of this year.

The Aram Board of Directors

Wataniya International Holding, listed on the Dubai Stock Exchange and Kuwait, made a profit of 1.33 million dinars for the first half of this year , compared with $ 1.2 million for the same period last year. 2017.

National Central Cooling Company will hold a council meeting on Wednesday to discuss the activities and activities of the company.

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