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Local stock markets retreated at the end of trading yesterday as they continued to be subject to selling pressure targeting bank stocks after a sharp rise following the announcement of positive results banks.
While liquidity remained below the 300 million dirhams, investors expected more quarterly results, especially large companies. The Dubai market remained stable after a slight drop of 0.06%, or 1.61 points, to close at 2,736.4 points, as banks and investment shares collapsed.
While the Abu Dhabi market fell 44 points, or 0.89%, to reach 4882.26 points under the pressure of declining shares of banks and real estate in return for rising power of banks and energy. Total liquidity reached AED 288.5 million, of which 158.7 million in Abu Dhabi and 129.7 million in Dubai, as well as 145.05 million shares traded, including 39.1 million in Abu Dhabi and 105, 9 million in Dubai, through 3,294 operations.
Immovable
The Dubai market fell by 0.42%, the National Bank of the United Arab Emirates down 1.53% despite a 0.58% rise in the share of Dubai Islamic Bank, the sector of the United Arab Emirates. investment down 0.44%, Dubai Investment having lost 0.63% and the Dubai market '0.23%.
banks
In Abu Dhabi, the banking sector fell by 1.67%, with a first decrease of 2.35%, the National Bank 1.32%, the Sharjah Islamic Bank 1.72%, the Commercial Bank of Abu 0.67% and Abu Dhabi's Islamic Bank unchanged. The real estate sector fell 0.36%, Aldar lost 0.6% and RAK Properties, while Ashraq gained 1.34%.
On the other hand, the telecommunications sector grew by 0.71%, while that of Etisalat rose, that of energy by 0.78%, by 5.66% and that of from Dana Gas.
Abu Dhabi First was the most traded stock with 81.7 million AED, followed by Etisalat with 26.1 million AED, followed by Aldar with 16.2 million AED, while Union Insurance was the biggest loser of 9.77%.
Nasdaq
The FTSE NASDAQ Dubai 20 Index yielded 0.39% to close at 3,182.91 points after trading 180.27,000 shares worth $ 3.2 million in 81 trades . In the derivatives market, 1450 AED 1.44 million contracts were traded in 9 transactions, with Abu Dhabi First contracts down 2.36% and Union Properties contracts down 0.50%. 95%.
461 million euros of the Asian "Depa" unit business turnover
Depa, an interior and exterior decoration company, said that its revenue from Studio Design Group LLC amounted to $ 125.7 million ($ 461.6 million) in the first nine months of the year. year, compared to $ 100.7 million for the same period last year.
The company, which operates primarily in Asian markets, reported a loss of $ 10.2 million in earnings between January and the end of September 2006, compared to a net profit of $ 4.9 million for the corresponding period of 2017. The company told Nasdaq Dubai that its unit, According to the release, the group has entered into new contracts worth $ 144.8 million for the first nine months of this year. Dubai – Ashraf Rafiq
Governor
The Securities and Commodities Authority (SCA) called on investors to avoid dealing with irregular portfolios managed by unauthorized persons, to ensure that the portfolio has an official license, to be subject to the control of the Regulatory authority and the disclosure of its financial statements.
* Disclosures
* Gulf Navigation has decided to end its liquidity contract with Al-Ramz Capital earlier this year.
Khaleeji Commercial Bank, listed on the Dubai Stock Exchange and Bahrain, announced the appointment of Riyadh Eid Abdullah Al Yaqoub as an independent member of its board of directors and the purchase of the equivalent of 1.10 million shares in the Bahrain Stock Exchange, which amounted to 91.19 million shares, or 8.69% 2018.
* The board of the National Central Cooling Company will meet next Wednesday to discuss the company's activities and activities.
* The board of directors of the National Bank of Ras Al Khaimah will meet on October 31 to discuss some of the public banking activities affecting the course of action.
* The general meeting of the company Ras Al Khaimah Cement Company approved the capital reduction of 559.2 million dirhams to 503.118 million euros by canceling a number of actions raising to 55.9 million shares and approving the appointment of Ahmad Amer Saleh and Samani as members of the board of directors. The status of the board of directors is from 5 to 7.
* Al Dhafra Insurance Company's Board of Directors will meet on November 13 to review the results for the third quarter of this year.
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