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Local stock markets closed at the end of yesterday's session with a relative improvement in liquidity levels: the Abu Dhabi market grew more than 3.2 billion euros, supported by by overseas purchases that boosted the gains of the main stocks, while the Dubai market has been under increasing pressure from real estate stocks.
The Abu Dhabi market grew by 0.5% to 4971.43 points, supported by gains from banks, real estate, investment, communications and commodities, while the Dubai market fell 0.44% to 2727.41 points, affected by the decline in real estate, investments and insurance.
Market liquidity improved yesterday, reaching 411.4 million AED, of which 158 million in Dubai and 253.4 million in Abu Dhabi, 146.3 million shares traded, including 95, 8 million in Dubai and 50.5 million in Abu Dhabi through 4498 transactions.
Abu Dhabi Market
The Abu Dhabi market grew by 0.48%, Abu Dhabi's first winners by 0.42%, Abu Dhabi's commercial bank by 1.12% and the National Bank of 0.21%, 0.81% of real estate and 1.2% of Aldar.
The telecommunications sector grew by 1.18%, and Etisalat increased. On the other hand, the energy sector fell by 2.51%, 3.98% for Dana Gas and 3.92% for the energy sector, while the ADNOC rose by 1.75%.
Abu Dhabi First dominated the market with 155.3 million AED, followed by Etisalat with 26.3 million AED and by Abu Dhabi Islamic Bank with 18 million AED. Methaq Takaful was the main winner with 9.57%, while Al Qudra Holding was the biggest loser by 10%.
Dubai Market
The real estate sector fell by 1.22%, after that of Emaar Properties by 1.25%, Arabtec by 3.14%, by 2.44% by Diar, 2.8% for Union Real Estate, 1.21% for Emaar Properties and 1.05% for Emaar Properties. Dubai Financial Market 3.45% and Shuaa Capital 1.94%.
In contrast, the banking sector grew by 0.44%, supported by the 2.85% rise in Emirates NBD and the Dubai Islamic Bank, down 1.13%, with the transport sector being slightly supported by the increase of 0.23% of Aramex and by the stability of Air Arabia.
Emaar Properties led the list with 40 million AED, followed by Dubai Islamic Bank with 27.25 million AED, Dubai Investment Company with 25 million AED, the main winner being Tabreed, up 3.85%. %.
foreigners
Foreign investors tended to buy a net investment of AED 48.16 million, in contrast to Arab, Gulf and local government investors, with a net investment of AED 48.16 million, divided between 4 , 4 million euros for Arabs, 5 million euros for Gulfis and 39 million euros for nationals.
Foreign investors concentrated their shares on the shares of Manazel Real Estate, Dubai Financial Market, Aldar Properties and Union Properties, while their sales focused on Dubai Investments, DxP, Dana Gas and Emaar Properties.
In terms of investment performance, the performance of the investment portfolios in Abu Dhabi tended to buy a net investment of AED 26 million, sold in Dubai with a net investment of AED 18.6 million, while that retail investors tend to sell in Abu Dhabi with a net investment of 26 million AED and to buy in Dubai with a net investment of 18.6 million. AED.
3204
The FTSE NASDAQ Dubai 20 index rose 0.1% to 3,204 points after trading 187,333 shares for a value of $ 1.74 million. In the derivatives market, 1705 contracts worth 990.67 million AED were traded: the first contracts increased by 0.41%, while Arabtec and Emaar fell by 3, 18% and 1.27% respectively.
Disclosures
The board of directors of Emirates Islamic Bank (EIB) met yesterday to discuss regular issues and the minutes of the October 29 board meeting.
The Board of Directors of Khaleeji Commercial Bank, which is listed on the Dubai and Bahrain Stock Exchanges, will meet today to review and approve the bank's budget for 2019.
International Financial Advisors Company (IFA), listed on the Dubai and Kuwait Stock Exchanges, posted losses of KD 11.32 million in the first nine months of this year, compared with profits of 1.46 million KD in the same period last year. Last year.
The Kuwait Stock Exchange (KSE) has agreed to renew the purchase or sale of up to 10% of treasury shares for a further six months from the end of the year. current approval December 7, 2018.
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