Stock markets earn 5 billion dirhams


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Stock markets profit 5 billion dirhams, today, Monday 13 July 2020 01:14 in the morning


  • Abu Dhabi – Rami Samih

History: July 13, 2020

Local stocks ended yesterday’s session with market gains of nearly 5 billion dirhams, amid quiet trading of around 200 million dirhams, as investors awaited the results of the mid-term companies.

The Dubai market rose 0.17% to 2085.85 points with the rise of real estate, banks and insurance, while the Abu Dhabi market increased 0.48% at 4316.18 points, supported by the gains of banks, investment and energy. Shares attracted 212 million dirhams, including 156.6 million in Dubai and 55.36 million in Abu Dhabi, and 265 million shares were traded, distributed by 233.96 million in Dubai, and 31 million in Abu Dhabi, through 3,971 transactions.

Six shares acquired nearly half of the liquidity (48.4%) after attracting 102.6 million dirhams issued by Arabtec, 20.36 million, Emaar 19.18 million, Damac 17.7 million, Al-Ittihad Real Estate 16.9 million, and TAQA 15.47 million and GFH 12.9 million.

Dubai Market

The rise of the Dubai market was boosted by the rise of the real estate sector 0.29%, with the rise of «Arabtec» 8.35%, «Damac» 11.57%, «Dyar» 1.07%, and «Union Properties» 5.07%, while «Emaar Real Estate» 1.09% and «Emaar Development» 0.46 Emaar Malls 2.66%, and the banking sector rose 0.46%, with the support of Dubai Islamic rising 1.03%, while Emirates NBD decreased 0.11%.

The investment sector fell 0.5% after the decline of “Dubai Investment” by 0.86%, while the “Dubai Financial Market” rose 0.5% and the stability of “Shuaa Capital” without change, and the transportation sector fell 0.04% with the drop of “Gulf Navigation” 1.25%, while “Aramex” settled And «Air Arabia».

Arabtec spearheaded the activity by 20.4 million dirhams, followed by Emaar Properties 19.2 million, then DAMAC 17.7 million, and Damac achieved the largest increase by 11.5%, while the city’s largest was 4.89%. Foreign investors and citizens tended to buy with a net of 8.15 million dirhams, while Arab and Gulf investors tended to liquidate.

Abu Dhabi Market

And the rise of the Abu Dhabi market was supported by the rise of the banking sector 0.77% due to the gains of “Abu Dhabi First” 0.72%, “Abu Dhabi Commercial” 2.2% and “Abu Dhabi Islamic” 0.53%, and the investment sector grew 1.05% with “Global Holding” rising 0.74% and “Ishraq” 4.93 % And “Oasis Capital” 2.29%.

The energy sector rose 0.8% after the rise of “TAQA” by 2.93% and “Dana Gas” by 1.23%, while “ADNOC Distribution” fell 0.67%. The real estate sector fell 0.43% after the drop in «Aldar» 0.55%, while «Ras Al Khaimah Real Estate» 1.42%. The telecom sector fell 0.12%, with the share of «Etisalat» falling by the same.

“TAQA” dominated liquidity, attracting 15.47 million dirhams, followed by “Etisalat” 7.58 million, then “Global Holding” 6.5 million, and “Julphar” achieved the highest rise rate of 11.21%, while Bank of Sharjah was the lowest, 4.72%. Gulf and foreign investors have deliberated towards purchasing 5.84 million net, while Arab and citizens investors have directed towards monetization.


The institutions’ performance varied, as they went towards buying in the Abu Dhabi market with a net investment of 1.27 million dirhams, and towards liquidation in the Dubai market with a net worth of 3.3 million dirhams, while individual investors moved towards buying in the Dubai market with a net income of 3.3 million, and towards liquefaction in Abu Dhabi with a net investment of 1.27 million.

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