Institutional and foreign purchases continue to support inventories

Follow Gulf 365 – Abu Dhabi – Dubai: Anwar Dawood

Local stock markets started to trade in the green zone in November, with the Dubai index rising 0.74% and Abu Dhabi 0.38%, thanks to strong support from investors. main values ​​of the real estate and banking sectors, foreign and institutional investors continued to buy in both markets.
The total liquidity of both markets decreased slightly to stand at 431.7 million AED, 209 million shares being traded between 209 million shares, of which 152.6 million of DFM and 142.7 million DH for 56.3 million in Abu Dhabi.
The Dubai Financial Market index continued its rise for the third consecutive session, closing 0.74% higher, after adding 20.6 points, exceeding a high level of 2805.2 points, thanks to the positive performance of the the majority of equities and their impetus, with foreign investors and institutions continuing to grow in the market. .
The real estate sector led the market with a strong 1.5% increase, with Emaar Properties rising 3.33% to 5.27 AED after drawing liquidity of 113 million AED, making it the largest most negotiated market of the session. Following the unclear announcement of the intention of Abu Dhabi's national hotels to buy hotels in Emaar, Arabtec also grew 1.99% to 2.05 AED, Union Properties 1.29% and Deyaar 0.23%. (1.8%) and Emaar Properties (1.64%).
The banking index rose 0.12%, supported by the Dubai Islamic Bank, which closed at 5.29 AED, a growth of 0.57%, to reach 28.4 million AED. EFG also increased by 1.59% to 1.28 AED, against 31.4 million AED. Emirates NBD fell by 0.32% to 9.25 AED.
Shares in the investment sector closed up 0.18%, with the DFM gaining 2.65% to AED 0.89 or AED 5.7 million, while SHUAA Capital continued its growth of 1.92% to 1.06 AED. Margin of 0.62% to 1.61 AED, to 13.6 million AED, under the pressure of the company.
Dxp Internatements grew by 1.71% for the second consecutive session, to settle at AED 0.357, trading at AED 4 million, driving up the Commodities index by 1.54%. "Transport" increased by 2.2%, supported by the increase of "Aramex" by 5.06% to 4.15 dirhams.

D'Abu Dhabi

The Abu Dhabi Securities Market (ADX) rose 0.38% to 4920.66 points. The banking index rose 0.45%, real estate by 2.38%, energy by 0.90% and services by 7.85%. And the goods 2.44%.
Abu Dhabi First gained 0.58% to reach AED 13.9. The value of the most traded companies rose by 44.6 million AED, while National Union rose by 2.73% to 4.89 AED, AED 11 million and 2% in Abu Dhabi Islamic 2% to 3.57 AED. While the Abu Dhabi Commercial Bank sold 1.11% to AED8.
The Etisalat group recorded a decline of 0.80% to settle at 17.26 AED, due to partial profit taking as a result of previous gains, in exchanges of about 20.5 million dirhams.
Real estate securities rose 4.85% to AED 0.58, Aldar Properties rose 2.31% to 1.77 AED and ESHARAK Properties rose 0.83% to 0.61 AED.
Abu Dhabi National Hotels recorded the largest price increase, at 14.29%, or 4 AED, after uncertain news about the company's plans to acquire Emaar's properties, while ADNOC Distribution recorded a sharp rise of 4.5%, to 2.32 AED. 0.93% to 1.06 AED.
Non-Arab foreign investors continued their purchases in the Dubai and Abu Dhabi markets with a buyback of 54.8 million AED resulting in AED 177.5 million and 122 purchases, 6 million sales of AED, the rest of the investors having been liquidated with a sale value of 12.6 million AED and 8.3 million Dhs for Gulfis and 34m for foreigners.
The institutions also purchased, with AED 43.6 million in sales, distributed between AED 38.6 million in Dubai and AED 5 million in Abu Dhabi. Total purchase transactions in both markets amounted to AED 253 million, compared with AED 209.5 million.