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Local stock markets ended the week in the green zone after reaching a market capitalization of nearly 2.5 billion dirhams yesterday to ignore the growing trade dispute between Washington and Beijing that caused a decline in global markets.
Or 19.26 points to settle at 2880.42 points with rising shares of real estate companies and investment and banks, while the Abu Dhabi market gained 9.3 points, or 0.2% to 4603.2 points supported by bank stocks, investment and energy. The stock market capitalization rose from AED 839.6 billion to Wednesday's trading session to reach 842.09 billion at the end of yesterday's trading session with gains of 2.47 billion dirhams distributed by 1.92 billion in Dubai and 548.9 million in Abu Dhabi.
Total market liquidity dropped to 279.53 million dirhams 254.4 million shares were traded, of which 226 million shares in Dubai and 28.4 million shares in Abu Dhabi through 3,680 transactions.
Dubai
Emaar Properties was 0.59%, Drake & Scull was 1.59%, Emaar Development 1.17%, Damac 1.4% and Deyaar 0 , 24%. Dubai Investment and Shuaa Capital gained 2.1% and 3.9% respectively.
The banking sector grew by 0.2%, Dubai Islamic Bank gaining 0.2% Emirates Transport was the biggest loser in the market, with a 1.65% increase in the transportation sector, an increase of 0.5% for Air Arabia, 1.46% for Aramex and 8.7% for Gulf Navigation.
(AED 57 million), GFH (AED 46.35 million), Emaar Properties (AED 27.24 million), Khaleeji Commercial Bank (10%) and Takaful Emarat The gains were driven by the banking sector, which 0.5%, with Abu Dhabi First up 0.82% and Abu Dhabi Commercial Bank up 0.85%. The energy sector gained 0.84% thanks to the 1% gain of Dana Gas. The real estate sector fell by 0.34%, while Aldar lost 0.97%, the telecom sector dropped by 0.6%, Etisalat losing the same.
Abu Dhabi Commercial Bank issued 10 million AED and Ashraq Real Estate 6.4 million Dh, followed by "Dana Gas" with 5 million dirhams, and "Sharjah Cement & Industrial Development", 8.42%, while than "International Trade", the biggest loser of 9.8%.
Foreigners ]
Investors and Arab citizens tended to buy in both markets with a net investment of 100.5 million dirhams, of which 67.67 million was for nationals and 33 million dirhams for the Gulf. While foreign and Arab investors tended to sell with a net investment of 100.5 million AED, of which 15.4 million for Arabs and 18.16 million for foreigners.
In Abu Dhabi, retail investors tended to sell with a net investment of 30 million AED, of which 29 million in Dubai and 913,000 in Abu Dhabi
Awareness
Obtain a copy of the agreement signed by the brokerage firm and take into account the write-off, if any
* Disclosures
Drake & Scull International was named as BG Root
Wataniya International Holding, listed on the Dubai and Kuwait Stock Exchanges, increased its stake in Fing International AGI, a German woodcutting machine manufacturer of 9.18. At 11.66% by buying 1.24 million shares worth 700,000 KD
Fujairah Building Industries Company, listed on Abu Dhabi Securities Exchange (ADX), announced its report on the corporate governance for the period ended December 31, 2017.
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