UAE shares… actual property reduces the decline in indices within the first half Newspaper Al Khaleej

Abu Dhabi: Muhannad Dagher
Actual property shares lowered the quantity of strain confronted by the UAE market indices from shares within the monetary sector within the first half of 2024, and the info confirmed that they tended to purchase from overseas (non-Arab) buyers with funding internet of 5.85 billion dirhams.

The Dubai market index fell 0.7% to 4,030 factors within the first half, whereas the Abu Dhabi market index fell 5.4% to 9,060.73 factors.

International purchases had been distributed at 4.44 billion dirhams within the Abu Dhabi market, in comparison with 1.4 billion dirhams within the Dubai market.

In actual property, shares of “Deyaar” rose 3.6%, “Emaar Properties” rose 3.5%, “Emaar Improvement” rose 11.8%, and “Union Properties” rose 24.8%.

Alternatively, a number of main financial institution shares fell, particularly “Emirates NBD Financial institution” with 4.6% and “First Abu Dhabi Financial institution” with 10.74%, which have vital weights within the indices.

Within the first half, inventory liquidity recorded 182.6 billion dirhams, of which 134.37 billion in Abu Dhabi in comparison with 48.23 billion dirhams in Dubai, and the quantity of buying and selling shares was 58.26 billion shares, distributed as 34.1 billion shares in Abu Dhabi and 24.16 billion. shares in Dubai.

Within the first half, the Dubai market index fell 0.7% to 4,030 factors, resulting from strain from main shares in finance, actual property, utilities and business.

Within the monetary sector, shares of “Ajman Financial institution” fell by 17.78%, “Emirates NBD Financial institution” by 4.6%, “Emirates Funding Financial institution” by 9.09%, and “Dubai Monetary Market” by 8.6%, in comparison with a rise in “Emirates”. Dubai Industrial Financial institution” with 21.3% and “Emirates Financial institution of Dubai Islamic Financial institution 0.35%, GFH 17%, and Mashreq Financial institution 29.6%. On the enterprise sector degree, shares of “Aramex” rose by 8.3% and “SALIC” by 8.04%, in comparison with the decline of “Air Arabia” by 18.4%, “Dubai Investments” by 9.4%, and “Gulf Navigation” by 18.4%. 9.14%.

In actual property, shares of “Deyaar” rose 3.6%, “Emaar Properties” 3.5%, “Emaar Improvement” 11.8%, and “Union Properties” 24.8%, in comparison with the decline in “Tecom” 5.45% .

Within the utilities sector, shares of “DEWA” declined 10.5%, “Empower” 12%, and “Tabreed” 16.2%.

The Abu Dhabi Market Index decreased within the first half by 5.4% to a degree of 9060.73 factors, affected by declines in shares within the monetary, industrial, utility and vitality sectors.

Within the monetary sector, “Umm Al Quwain Nationwide Financial institution” rose 24.57%, “Abu Dhabi Islamic Financial institution” 14.43%, and “Worldwide Acceptance” 2.13%, in comparison with a decline in “First Abu Dhabi Financial institution” 10.74 %, “Sharjah Islamic Financial institution” 9.05%, and “Abu Dhabi Financial institution.” Industrial” 12.64%, “Nationwide Financial institution of Ras Al Khaimah” 2.26%, “United Arab Financial institution” 18.52%, “Worldwide Financial institution of Commerce” 15.49%, and “Multiplayer” 35.53%.

By way of actual property, “Aldar” rose by 17.01%, in comparison with declines in “Ishraq” by 28.08%, “Ras Al Khaimah Properties” by 9.4%, and “Aram Group” by 6.77%. Within the utilities sector, Taqa shares fell 10%.

In communication, “Etisalat E&” decreased by 18.02% and “Yahsat” decreased by 23.75%. Within the expertise sector, shares of “Brissite” fell by 2.76%, “Bayanat” by 31.53%, and “Phoenix Group” by 22.32%.

By way of healthcare sector, “Pure Well being” decreased by 25.79% and “Burjeel” decreased by 15.11%.

Concerning the vitality sector, “ADNOC Drilling” rose by 8.47%, in comparison with the decline of “ADNOC Gasoline” by 6.47%, “ADNOC Distribution” by 8.38%, and “Dana Gasoline” by 19.82%.

In industries, “ADNOC Logistics” rose 9.4%, in comparison with the decline of “Alpha Dhabi” with 37.23%, “Emirates Metal – Arkan” with 7.86%, “Abu Dhabi Ports” with 20.06%, and “Marine Dredging” with 7.86% 19.13%.

The liquidity of the Abu Dhabi market was led by “Worldwide Holding” shares with a worth of 25.5 billion dirhams, closing on the degree of 408 dirhams, adopted by “Alpha Dhabi” with a liquidity of 10.4 billion dirhams, reaching a worth of 11.8 dirhams, then “Multiplay” by attracting 7.4 billion dirhams, to shut at 2.05 dirhams Fourth, “Aldar Properties” has liquidity of just about 7 billion dirhams, reaching the extent of 6.26 dirhams.

The liquidity of Dubai is led by “Emaar Properties” with a worth of 9.9 billion dirhams, closing on the degree of 8.2 dirhams, adopted by “Emirates NBD Financial institution” by attracting 5.6 billion dirhams of liquidity, closing at 16.5 dirhams, then “Islamic Financial institution of Dubai” with a liquidity of 4.37 billion dirhams, reaching a worth of 5.74 Dirhams, and in fourth place, “Emaar Improvement”, with a liquidity of two.9 billion dirhams, closing at 8 dirhams.

• Excessive and low

“Abu Dhabi Constructing Supplies – Bildco” shares recorded the very best improve within the Abu Dhabi market with 64.88%, closing at 0.399 dirhams, adopted by “Al Wathba Insurance coverage” with a development of 48.57% to five.2 dirhams, then “Fujairah Development Industries”. modified up to now +35.68% in comparison with yesterday.

Alternatively, the decline was led by “Al-Sir Tools” with 45.14% to 4.12 dirhams, adopted by “Alpha Dhabi” with a decline of 37.23% to shut at 11.8 dirhams, then “Abu Dhabi Nationwide Motels ”, which closed on a year-to-date change of -35.83% in comparison with yesterday.

The very best improve within the Dubai market was recorded by “BHM Capital” with 89.3%, closing at 3.37 dirhams, adopted by “Nationwide Industries”, which rose 53.9% to a worth of 4.54 dirhams, then “Takaful Emarat” with a development of 40.15%, closing at 0.548 dirhams. Alternatively, the declines had been led by “Agility Public Warehousing” with 69.23% to 4 dirhams, adopted by “Al Salam Sudan” with a decline of 43.14% to 0.597 dirhams, then “Salama Insurance coverage” with a decline of 34.36%. , closing at 0.361 dirhams.

By way of trades by nationality, within the Abu Dhabi market, overseas buyers and the Gulf tended to purchase, with a internet funding of 5.7 billion dirhams resulting from purchases, of which 4.44 billion dirhams had been resulting from purchases by foreigners and 1.3 billion dirhams resulting from purchases. resulting from purchases by Gulf nationals. Alternatively, Arab buyers and residents tended to liquidate with a internet funding of 5.6 billion dirhams as a result of sale, of which 5.62 billion dirhams had been as a result of sale of residents, and 36.52 million dirhams had been results of the sale. Within the Dubai market, overseas and Arab buyers tended to purchase with a internet funding of 1.4 billion dirhams resulting from purchases, 1.4 billion dirhams are resulting from purchases by foreigners, and the result’s 4.2 million dirhams. revenue from purchases by Arabs.

Alternatively, buyers and residents of the Gulf moved to liquidation with a internet funding of 1.4 billion dirhams because of the sale, of which 1.2 billion dirhams had been the results of the sale of residents, and 197.4 million dirhams had been the results of the sale. promote the residents of the Gulf.

The efficiency of funding portfolios diversified each different 12 months, with a development in direction of shopping for in Abu Dhabi with a internet funding of round one billion dirhams resulting from purchases, whereas there was a development in direction of liquidation in Dubai with internet funding of 123.12 million dirhams resulting from gross sales.

Alternatively, particular person buyers tended to purchase within the Dubai market with a internet funding of 123.13 million dirhams resulting from purchases, whereas they tended to liquidate in Abu Dhabi with a internet funding of round on a billion dirhams resulting from gross sales. .