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Domestic stock markets rebounded last week, driven by gains in real estate stocks, as investors returned optimism following the release of strong quarterly bank results, while the Gulf stock markets were mixed.
The Saudi market grew by 1.56%, followed by the Bahrain Stock Exchange by 0.56%, the Abu Dhabi market by 0.42%, the Dubai market slightly down by 0.09%, while the Kuwait and Muscat markets fell 1.22% and 1.01. % successively.
"Local markets are still evolving in a horizontal margin and the weakness of liquidity persists despite the good results of some of the listed banks," said Iyad al-Barriqi, General Manager of Al Ansari Financial Services.
The weekly liquidity of the two markets reached MAD 1.8 billion, spread over one billion dirhams in Dubai, to reach 777.5 million dirhams in Abu Dhabi, of which 1.46 billion were exchanged, including 1.14 billion dirhams. in Dubai and 313 million in Abu Dhabi. Deal.
Al-Barriy added to the "economic statement" that last week's meetings included selective purchases of shares, including leading shares, reinforcing the consistency of key indicators.
Al-Bariqi added: "With companies that are performing well in terms of earnings and earnings growth, we expect to be a catalyst for the markets and a catalyst for liquidity and investors in the coming period, especially if the rest of the companies continue to announce positive results.
Abu Dhabi
The Abu Dhabi securities market rose 0.42% to 4,498.73 points, supported by 2.28% real estate equities led by Aldar (1.76%). 7.71%) and Ras Al Khaimah Properties up 0.81%. The telecommunications sector also grew by 1.57% after Etisalat's share increase.
In contrast, the banking sector fell by 0.25%, the Commercial Bank of Abu Dhabi by 3.55%, the Islamic Bank of Abu Dhabi by 2.2%, the National Union by 4.79% %, Abu Dhabi's share of 0.82%, 0.37% decrease in energy and 2.17% decline in Adnoc Distribution 0.8% and the stability of Dana Gas.
Abu Dhabi First dominated the market with a net cash flow of 168 million AED, followed by Etisalat with 114 million AED and by ADIB with 98 million AED.
Abu Dhabi's national hotels recorded the largest increase of 11.29%, followed by Abu Dhabi Ship Building (10.78%), Al Qudra Holding (8.89%) and Bank of America. investment (10%). Al Khaleej Investment Company lost 9.52%.
Arab investors, foreigners and citizens tend to buy, with a net investment of AED 50 million, which was distributed at AED 42.3 million, AED 5.84 million and AED 908,000.
Dubai
The Dubai market increased by 0.09% to reach the level of 2757.73 points, the real estate sector progressing by 2.25%, with the increase of Emaar Properties by 1.84%, Arabtec 3.93%, Damac 4.12%, Diar 6%, Drake & Scull 6.2%, Emaar Development 2.14%.
The transportation sector grew by 0.72%, with Aramex 1% and Gulf Navigation 4.7%, while Air Arabia lost 0.42%. The banking sector fell 1.2%, Emirates NBD down 2.7%, while Dubai Islamic closed flat. The investment sector declined by 4.5%, Dubai Investment lost 5.8% and the Dubai financial market by 2.25%.
Salama Insurance dominated the list with a business turnover of AED 197.75 million, followed by Dubai Islamic Bank with a turnover of AED 100 million and Deyaar Development with liquidity of $ 85.35 million. AED.
Aman Akbar gained 7.87%, followed by Takaful Emarat (7.78%) and Drake & Scull (6.2%). Ajman Bank was the biggest loser at 55.56%, Dubai Refreshments at 9.4% and Al Salam Holding at 7%.
Arab investors and citizens tend to buy on the Dubai market with a net investment of AED 65 million, distributed at AED 1.66 million to Arabs and AED 63.64 million to UAE nationals. GCC and foreign investors sold AED 65 million, of which AED 51.7 million. And 13.6 million AED of foreigners.
Saudi Arabia
The general index of the Saudi stock market "TASI" rose 1.56%, or 117.35 points, to reach 7648.15 points, with 7 sectors leading the sector of capital goods with a 5.44% increase and three main sectors: banks, basic materials and communications rose by 3.82%. 97% and 0.97% respectively.
The market capitalization of Saudi shares reached RS 40.83 billion, or RS 1,826 billion. The value of the exchanges during the week increased by 82.33% to reach 27.22 billion RS, while the trading volume rose by 61.18% to 1.034 billion shares.
Bahrain
The Bahraini general index rose 0.56% to 1,323.45 points, after investors traded 15.15 million shares against 22.58 million shares and a worth 3.4 million dinars against 5.83 million dinars.
The market's rise led to a 0.82% increase in the banking sector, driven by Ahli United Bank's (AUB) 0.76% gain and Bahrain National's 2.5% rise. Services also grew 2.37%, with Batelco up 3.3% and 1.8% higher. The investment sector also gained 0.57% as the rise in equity investment rose 0.9%.
Kuwait
The Kuwait Stock Exchange fell for the third week in a row. The index fell from 1.22% last week to 5004 points, while the first fell 1.6% to 5172.99 points and the main index of 0.44% to 4697.73 points.
Weekly liquidity increased 51.3% to 90.57 million dinars against 60 million dinars, while volumes increased to 349.73 million shares, against 333.67 million shares, an increase of 4.8%, and transactions at 18.88 thousand transactions, up 8.3%.
Amman
The general market index of Muscat fell 1.01% to 4444.34 points, losing 45.42 points, under the pressure of a collective decline in sector indices, led by the sector of 1, 25%, financial services and 0.61% and services by 0.48%.
The market value of the stock market fell by 0.24 percent to 17.954 billion RS, compared to 18.015 billion RS, with a market loss of 61.01 million SAR. Arab Insurance was the biggest loser with 30%, Gas 9.09% and Oman Investment & Finance 5.26%, Dhofar Insurance the main winner with 11.19%, Sohar Energy 6.19% and national finance 3 , 05%. The volume of transactions increased by 16.51% to 39.62 million shares and the value of transactions from 33.28% to 7.19 million riyals.
Purchases
Non-Arab foreign investors focused their purchases on local stock markets last week on Deyaar, Union Properties, Tabreed, RAK Properties, Emaar Properties and Amlak Finance. Investments in Dubai, National Union, Commercial Abu Dhabi and Arabtec.
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