Shares reached their highest level in 3 weeks with gains of 2.6 billion

Local markets closed last week in the green zone after yesterday's market value rose by more than AED 2.6 billion and major indices reached their highest levels in almost three weeks as investors being optimistic that companies and banks continue to report solid third quarter results.

The Dubai market grew by 0.74%, or 20.6 points, to close at 2805.22 points, supported by the rise in real estate, banking and investment shares, while the capital market has increased by about 18.8 points, or 0.38% to close at 4920.67 points with rising shares of banks, real estate and energy.

Total liquidity reached AED 431.6 million, divided between 288.9 million in Dubai and 142.6 million in Abu Dhabi, including 209 million shares, of which 152.6 million in Dubai and 56.36 million in Abu Dhabi, were traded through 4895 transactions.

Immovable

The Dubai market boom led to a 1.5% rise in the real estate sector, with the support of Emaar Properties (3.3%), Arabtec (1.99%) and of Union Properties (1.29%).

Emaar Properties lost 1.82%, Emaar Properties lost 1.64%, Drake & Scull 0.76% and Damac 0.49%. The banking sector grew by 0.12%, Islamic Dubai by 0.57% and Emirates NBD by 0.32%. The investment sector grew by 0.18%, with Dubai Finance Market up 2.65% and Shuaa Capital up 1.92%.

Emaar dominated the trading session with a net flow of AED 113.09 million, followed by GFH Financial with AED 31.4 million, followed by Dubai Islamic Bank with AED 28.43 million. Aramex was the main winner with a gain of 5.06%, while Salam Group was the biggest loser of 6.74%.

banks

The Abu Dhabi market has advanced, banking sector gaining 0.45%, taking advantage of Abu Dhabi 's first gains of 0.58%, Abu Dhabi Islamic 2%, China' s largest investment in Abu Dhabi. National Union 2.73% and Commercial Bank of Abu Dhabi losing 1.11%. The real estate sector grew by 2.38%, Aldar grew by 2.31% and 0.83%, and Ras Al Khaimah Real Estate by 4.85%. The energy sector advanced 0.9%, supported by a 4.5% increase in ADNOC and the stability of Dana Gas.

Etisalat sold 0.8% while Etisalat dropped, with Abu Dhabi with a liquidity of 44.6 million AED, followed by Etisalat with 20.5 million AED and Zawya Oasis with a net profit of 12.59 million AED. The national hotels of Abu Dhabi recorded the largest increase of 14.29%, while Fujairah Building Industries was the biggest loser of 9.6%.

foreigners

Foreign investors bought a net investment of 54.8 million dirhams yesterday, while Arab, Gulf and local investors tended to wind up with a net investment of 54.8 million AED, of which 12.6 million dirhams Arabs, 8.27 million for Gulf investors and 33.95 million for nationals.

0.53%

The FTSE NASDAQ Dubai 20 index rose 0.53% to 3238.23 points after trading of 242.24,000 shares valued at $ 2.1 million in 138 transactions. In the futures market, 10,000 contracts were negotiated against DXB for AED 364,000, closing up 1.71%.

* Disclosures

Orient Insurance recorded a 13.65% rise in profits in the first nine months of the year, reaching AED 347 million, compared to EUR 305.03 million for the same period in 2017.

The UNP Takaful East Board of Directors decided to hold its meeting on Tuesday to approve the third quarter results ending September 30, 2018.

The Amlak Finance Board of Directors will meet next Tuesday to discuss current business.

The National International Holding Company, listed on the Dubai Stock Exchange and Kuwait, made a profit of 1.41 million KD for the first nine months of this year, against a profit of 1.24 million KD for the same period of the year. last year, an increase of 13.7%.

The Emirates Insurance Company Board of Directors will meet on November 7 to discuss the company's financial results and performance for the third quarter of this year.

The Board of Directors of Fujairah Cement Industries will meet on November 8 to approve the financial statements for the first nine months of this year.

Abu Dhabi National Hotels Company (ADNH) announced that, as part of its expansion strategy in the United Arab Emirates and abroad, it was considering several investment opportunities, including the possibility of 39; purchase certain hotels Emaar Properties, and that she would disclose the details of any investment opportunity deemed appropriate.