Egypt – Dubai Stock Exchange fell 1.69%, beginning trading under pressure from Emaar Properties

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(MENAFN – Youm7) The general index of the Dubai Financial Market, at the beginning of the trading session today, Wednesday, the first session of the month of April, decreased by 1.69%, losing 30.01 points to reach the level of 1741.54 points, affected by the pressures of the global financial markets decline due to the fear of the spread of Corona virus, which led to Oil prices fell.

Trading volumes reached 23 million shares, at a value of 27.3 million dirhams, through the implementation of 682 transactions for 24 shares, 8 shares rose, 15 shares fell, and 2 shares settled.

3 sectors of the Dubai Stock Exchange, led by the real estate sector, fell by 2.66%, followed by the banking sector by 1.04%, followed by the transportation sector by 0.04%, while the investment sector increased by 0.76%, then the goods sector increased by 0.75%, then the insurance sector increased by 0.33%.

Dubai Islamic Insurance and Reinsurance Company – Aman increased by 11.11%, then Ann Digital Services Holding Company rose by 3.50%, and the list of declining shares was issued by DXB Entertainments Company by 4.16%, then Ithmaar Holding Company shares rose by 4.05%, while Emaar Properties shares topped the most heavily traded list by value, with a value of 6.2 million paper, with a value of 13.4 million dirhams, which declined by 4.05%.

In a related context, National International Holding Company announced the consolidated financial statements for the year ended December 31, 2019, and the net profit for the shareholders of the company amounted to 1.748 million Kuwaiti dinars during the past year, compared to 2.304 million Kuwaiti dinars in 2018, a decrease of 24.13%, and reached Basic earnings per share is 8.73 fils compared to 11.51 fils, a decrease of 24.15%, and net profit amounted to KWD 2.342 million, compared to KWD 2.699 million, a decrease of 13.91%.

In another context, Etihad Real Estate Company denied its exposure and its subsidiaries to the new Medical Center Hospital, whether through ownership in the shares of that company listed on the London Stock Exchange or by investing in debt securities or any other transaction.

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