Hossam Abdelnaby (Abu Dhabi)
Local stock markets continued their positive performance yesterday, supported by the successive announcements of listed companies about the growth of their net profits and the increase in foreign buying transactions compared to selling transactions. Market value gains amounted to 33.28 billion dirhams, most of which were from gains in the Abu Dhabi market, which exceeded 31.47 billion dirhams, and gains of about 1.81 billion dirhams in the Dubai Financial Market. The market value of shares registered in the Capital Market rose to 2.841 trillion dirhams, while the market value of the Dubai Financial Market reached 658.34 billion dirhams. This coincided with a total value of trades in both markets that exceeded 1.53 billion dirhams. The total value of foreigners’ transactions (buying) amounted to 70.9 million dirhams, including 58.17 million dirhams net buying in the Abu Dhabi Securities Market and 12.8 million dirhams in the Dubai Financial Market.
Abu Dhabi Market
According to Abu Dhabi Securities Market data, the market index closed yesterday with an increase of 0.61% at the level of 9486.43 points, gaining 57.11 points.
The total value of trades amounted to 1.2 billion dirhams, including more than 284.31 million shares through 16,766 transactions. The shares of 46 companies out of 65 companies whose shares were traded rose, the shares of 13 companies fell, and the shares of 6 companies remained stable. “International Holding” stock topped the list of the most active in terms of value with about 221.3 million dirhams, followed by “Alpha Dhabi Holding” with a value of 112.55 million dirhams, then “Multiplay” with a trading value of 109.59 million dirhams, and “Q Holding” came fourth with a value of 96.34 million dirhams. Then “Aldar Properties” ranked fifth, with a value of 77.7 million dirhams. “Ras Al Khaimah Properties” came at the top of the most active shares in terms of trading volume, with 50.48 million shares traded, followed by “Multiplay” with 30.43 million shares traded, then “Q Holding” with about 29.85 million shares, and “ADNOC Gas” came fourth after 20.48 million shares were traded. Then “Aldar Properties” with 19.49 million shares traded. Yesterday, active stock prices recorded notable increases, including “Multiplay” by 1.69% to 3.6 dirhams, “ADNOC Distribution” by 7.14% to close at 3.6 dirhams, and “Q Holding” by 2.86% to close at 3.24 dirhams, while it also rose. Shares of “Aldar Properties” increased by 3.68%, recording 5.64 dirhams, and “ADNOC Gas” increased by 3.1% to 3.26 dirhams. Regarding foreign investment in the Abu Dhabi market, the total value of non-Emirati foreigners’ purchases of shares amounted to about 338.92 million dirhams, compared to sales worth 280.75 million dirhams, bringing the net foreign investment to about 58.17 million dirhams as a result of “purchase.”
Dubai market
The general market index closed at a new high of 20.87 points, or 0.53%, to reach 3,913.42 points, after the shares of 19 companies rose, compared to a decline in the shares of 16 companies, and the shares of 5 companies remained stable. The total trading value in the Dubai Financial Market at the close of trading yesterday amounted to about 323.62 million dirhams, after 140.84 million shares were traded, through the implementation of 7,116 transactions. The list of activities was topped by “Emaar Properties” with a turnover of 120.65 million dirhams, followed by “Gulf Navigation Holding” with a value of 40.94 million dirhams, then “Ajman Bank” with a value of 30.98 million dirhams. While “Union Properties” came at the top of the active stocks in terms of trading volume with about 27.56 million shares, followed by “Emaar Properties” with 17.88 million shares traded, then “Shuaa Capital” with 17.23 million shares traded. Active stocks recorded remarkable increases during the trading session, as “Dubai Financial Market” shares rose by 3.8% to close at 1.36 dirhams, “Emaar Development” rose by 3% to 6.42 dirhams, and “Emaar Properties” rose by 1.49% to 6.77 dirhams. While Union Properties shares achieved gains of 2%, closing at 0.346 dirhams. “Deyaar” rose by 3.74% to 0.609 dirhams, as well as “Ajman Bank” by 2.91% to 2.12 dirhams. With regard to foreign investment in the Dubai Financial Market, the total value of foreign, non-Emirati, purchases of shares amounted to about 146.89 million dirhams, while The total value of their sales amounted to 134 million dirhams, bringing the net foreign investment to about 12.8 million dirhams as a result of “purchase”.
Institutional buyout
Purchasing transactions of financial institutions in the Abu Dhabi market increased more than selling transactions, reaching 878.63 million dirhams, compared to sales of shares worth 843.34 million dirhams, so that the total “purchase” amounted to about 35.28 million dirhams. The total transactions of financial institutions in the Dubai Financial Market amounted to “sales” amounting to 9.37 million dirhams, after purchases of shares worth 153.97 million dirhams and sales transactions worth 163.35 million dirhams.
2023-11-02 21:45:41
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