UAE stock indices did not succeed in rising in a session dominated by anticipation, the first trading session this week, as Monday was a holiday in the UAE on the occasion of National Day.
The Dubai market closed down -0.23% at 3978.2 points, with the highest rises being: Aramex 3.04%, Al Firdaus 2.33%, Aman 2.17%, and Emirates NBD 1.71%. The decliners were: Union Coop 3.23%, Union Properties 3.22%, Emaar Development 2.49%, and Ithmaar 2.40%.
|
Most traded by value in Dubai |
||||
| the value | the size | the price | Change in price | |
| Emaar Properties | 90,208,771.96 | 12,118,705 | 7.54 |
0.132%- |
| Emirates NBD | 44,611,288.20 | 2,554,374 | 17.8 |
1.714%+ |
| diva | 31,881,145.73 | 12,595,966 | 2.53 |
0.00% |
| Gulf Shipping | 26,845,764.45 | 3,829,600 | 7 |
0.00% |
| Emaar Development | 21,023,716.92 | 3,158,848 | 6.65 |
2.493%- |
| Dubai Islamic | 18,403,449.34 | 3,317,113 | 5.58 |
0.722%+ |
In Abu Dhabi, the index fell -0.19% to 9,520.07 points, and the largest increase was: Phoenix 35.3%, Fujairah Cement 13.64%, Gulf Cement 3.8%, and Alpha Dhabi 1.36%. On the other hand, the largest declines were: Finance House 9.92%, and Umm Al Quwain Investments 7.83%. Food 5.89%, and Baladco 5.6%.
While “International” settled without change, “Phoenix” shares closed the first trading day up 37% at two dirhams, after registering a 50% rise at the beginning of the session to 2.25 dirhams, compared to the listing price of 1.5 dirhams.
| Most traded by value in Abu Dhabi | |||
| the value | the price | the change% | |
| International Holding | 223,594,308.00 | 399.9 | 0.10% |
| Phoenix | 93,578,914.00 | 2.03 | 35.33% |
| Alpha antelope | 80,413,995.00 | 19.4 | 1.36% |
| Multiplay | 65,756,378.00 | 3.37 | -0.88% |
| First Abu Dhabi | 51,814,191.00 | 13.62 |
-0.58% |
UAE market indices consolidated during last week’s sessions, supported by selective purchases targeting leading real estate and banking stocks, in a week that witnessed an escalation in foreign purchases on multiple segments of company shares.
The Dubai market fell 0.1% to 3,987.75 points, and the Abu Dhabi index fell 0.17% to 9,539 points.
2023-12-05 11:15:00
#Anticipation #prevails #UAE #stock #trading #Khaleej #newspaper
