Youssef Al-Bustanji (Abu Dhabi)
Yesterday, the Abu Dhabi Securities Exchange listed the medium-term global bond program issued by the Emirate of Abu Dhabi, issued on September 2 of this month, with a value of $ 5 billion and consisting of three categories, in accordance with the established pricing provisions.
The market announced on its website that the bonds that have been listed fall into three categories, including bonds worth one billion dollars, due in 2023 with an interest of 0.75%, while the second category includes bonds worth 1.5 billion dollars, maturing in 2031 with an interest of 1.7%. As for the third category, it includes bonds worth $ 1.5 billion, maturing in 2070, with an interest rate of 2.7%.
And the Abu Dhabi Securities Exchange announced last August the listing of global bonds worth 4 billion dollars, issued by “MDGH-GMTNB” and guaranteed by the “Mamora Diversified Global Holding”, a subsidiary of the Mubadala Investment Company. This was also preceded by the listing of a $ 7 billion bond, issued by the Emirate of Abu Dhabi last April, which was listed at the same time on the London Stock Exchange.
In terms of stock dealings, a state of relative calm prevailed over the trading of the local financial markets, during the trading session at the beginning of the week yesterday, as the value of the traded shares witnessed a clear decline, recording 540 million dirhams, in conjunction with the investors resorting to profit-reaping operations that affected a number of the leading stocks listed in Abu Dhabi Securities Exchange, to lead the index to the red zone.
While trading in the Dubai Financial Market focused on small stocks, which enabled the market to consolidate in the green zone, with a slight increase, compared to the closing levels at the end of last week.
The trading session on the Abu Dhabi Stock Exchange witnessed the conclusion of 1307 deals, during which 80 million shares were traded, with a total value of 295 million dirhams, while the general index closed at 4,510 points, a decrease of 0.2%.
The International Holding Company topped the list of the most traded shares by value, as the value of the traded shares of the company during the session reached 75 million dirhams, and the stock closed at a stable level at 37.02 dirhams, without change, compared to the official closing price recorded for it last Thursday.
Trading in First Abu Dhabi Bank shares accounted for 69 million dirhams, and the stock closed down by 0.35% at a price of 11.38 dirhams per share, followed by trading on Aldar Real Estate at a value of 59 million dirhams, and the stock also closed 0.97% lower at the closing price of 2.040 dirhams.
Abu Dhabi Commercial shares rose 1.28% at the closing price of 5.55 dirhams per share, after executing deals worth 25 million dirhams on the bank’s share during the session.
In the Dubai Financial Market, the session witnessed the conclusion of 4556 transactions on the shares of 34 companies, during which 335 million shares were traded, with a total value of 245 million dirhams, and the general index of the market closed at an increase of 0.17% at 2274.4 points, compared with the previous closing level.
The list of the most traded was topped by the “Salama” company with a value of 35 million dirhams, and the stock closed down by 1.79% at a price of 0.765 dirhams per share, followed by «Arabtec» share at a value of 32 million dirhams, and closed up by 0.16% at the closing price of 0.600 dirhams per share, then trades. On the share of “GFH”, worth 28 million dirhams, the share rose by 0.32% at 0.62 dirhams per share, while Union Properties fell by 1% at a price of 0.296 dirhams, after transactions of 25 million dirhams.