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The local equity markets continue to rise yesterday, boosted by increases in the main shares of the banking and real estate sectors, while the liquidity remains at a modest level below the 300 million dirhams, despite the continuous announcements of profits of companies above expectations. 0.14% or 4.13 points to close at 2948.8 points, with Emaar Properties, Dubai Islamic Bank and Emaar Properties rising, while the Abu Dhabi market gained 13.77 points or 0.29 % to reach 4844,19 points. Levels in 3 years.
Total liquidity of the market reached 296.37 million dirhams distributed by 146.9 million in Dubai and 149.39 million in Abu Dhabi 185.29 million shares were traded, of which 125.6 million in Dubai and 59.64 million in Abu Dhabi through the execution of 3228 transactions.
Results Season
Markets continued to grow despite liquidity, which remains modest despite the good results of companies and banks, which have so far posted better earnings than banks. market expectations and analysts. Hussein added to the "economic statement" that he expected to continue his gains next week, especially as investors await the results of large companies like Emaar Properties and its subsidiaries, which should stimulate investor sentiment and encourage them to buy
. The banking sector grew by 0.16%, Dubai Islamic grew by 0.4%, Emirates NBD's stabilized, investment rose by 1.29%, Dubai Investment grew by 1, 5%, Dubai Financial Market 0.2% and Shuaa Capital 1.89. In contrast, the real estate sector fell by 0.09%, with Drake & Scull falling 6.4% and Ara (1.95%), Emaar Properties (1.43%) and Union Properties (0.98%). ), despite the rise of Emaar Properties and Emaar Properties by 0.38% and 0.79% respectively. (Dubai Islamic Bank), followed by Dubai International Bank (DIB) with 15.56 million AED, followed by Emaar Properties (15.3 million AED), Takaful Emarat (14.6%) and Khaleeji Commercial Bank (19659002) High Communication
In Abu Dhabi, the banking sector increased by 0.05% with Union National Bank up 1.43% and Bank Raas A The Al Watani Tent was 0, 96%, against 0.25% for ADIB (Abu Dhabi Islamic Bank) and Abu Dhabi First unchanged, while the telecommunications sector grew by 0.59% with Etisalat, gaining the same shares as the company after the excellent results. The energy sector gained 1.48%, Dana Gas rose by 3.74% and TAQA by 4.07%, while the real estate sector grew by 0.4% and Aldar 0.49%. "Abu Dhabi First" was the most traded issue with AED 53.9 million, followed by Dana Gas with AED 36.13 million, followed by Etisalat with AED 26.2 million.
Zawya Oasis was the first winner on the capital market, 12.5% to 2.25 AED. Dana Gas, National Hotel Company of Abu Dhabi, 2.78%, National Building Materials of Abu Dhabi (9.26%) and Manazel Real Estate (4.26%).
Ⅶ Disclosures
SHUAA Capital held its August 6 meeting to discuss the interim financial statements for the six-month period ended June 30.
Agility Public Warehousing, Kuwait and Kuwait propose to acquire part of the investment management activities of Abraaj Capital Group which filed a temporary liquidation application last month.
The net profit of Ras Al Khaimah White Cement decreased to 13.4 million AED in the first half compared to 18.14 million over the same period. From 2017, sales amounted to about 113.06 million dirhams against 125.7 million in the corresponding period
Commercial International Bank announced that its Board of Directors would have 3 working days up to June 30 to consult and vote on the financial statements for the first half of 2018.
