7.75 billion stock liquidity in a week of selling pressure


During the past week, the local stock markets succumbed to strong pressures in the first sessions, due to the decline in global markets that followed the crisis of the “Evergrand Group”, one of the largest real estate companies in China, which put the shares under the brunt of selling operations, whose first goal was to “reap profits” on the shares. The main stocks that recorded strong increases over the past periods, in addition to the adjustments of positions in other stocks. The Dubai Financial Market Index declined by a strong 2.12%; Where it gave up the level of 2900 points, while the Abu Dhabi Securities Market index fell by 0.74%, but it regained the level of 7800 points again and remained below the level of 7900 points.

The pressures on the indices increased after many of the major stocks in the banking, real estate and communications sectors closed in the red, affected by selling pressures, which pushed the markets to record a negative performance.

Weekly liquidity decreased to 7.75 billion dirhams, through trading 1.52 billion shares, executed through more than 41 thousand transactions; Where the Abu Dhabi market witnessed about 6.84 billion dirhams, with a circulation of 869 million shares, while the Dubai market recorded 909.4 million dirhams, with 653 million shares being traded.

Three companies, “First Abu Dhabi”, “International Holdings” and “Al Dar”, accounted for 58% of the total liquidity in the two markets, about 4.5 billion dirhams.

Dubai market

The Dubai Financial Market index recorded a weekly decline of 2.12%, equivalent to 61.5 points, to close at 2839.57 points, after the index abandoned the level of 2915 points at the beginning of the week, and reached 2834.1 points during the week’s sessions.

The banking sector fell 1.7%, affected by the decline of “Dubai Islamic” by 1.99% to 4.92 dirhams, with a circulation of 88 million dirhams, and “Emirates NBD” fell 1.75% to 14 dirhams, with a turnover of 63.4 million dirhams, and “GFH” decreased by 2.3%. To 0.716 dirhams, the share of «Amlak» marginally increased by 0.74%.

In the commodities sector, “Dubai Refreshments” decreased by 9.34%, and “Emirates Refreshments” decreased by 1.9%.

The investment and financial services sector declined by 2.95%, with the Dubai Financial Market dropping 1.87%, Dubai Investments 3.35% and Shuaa Capital 1.28%.

The insurance sector decreased by 0.49%, amid a decline of “Aman” by 2.8%, “Takaful House” 0.9%, “Salama” 5.5%, and “Takaful Emirates” 2%.

The real estate sector declined by 2.81%, with “Emaar Properties” dropping 3.1% to 4.07 dirhams, with a turnover of 252.7 million dirhams, and “Emaar Development” 3.24%, “Emaar Malls” 2.38%, “Deyaar” 5.5%, and “Union Properties” » 3%, while «DAMAC Properties» alone increased by 2.44% to 1.26 dirhams, with a circulation of 186 million dirhams.

The transportation sector decreased 1.43%, with “Aramex” dropping 2.67% to 3.65 dirhams, and “Gulf Navigation” 2% to 0.288 dirhams, while “Air Arabia” settled unchanged, with a circulation of 28.5 million dirhams.

The services sector was the biggest loser by 7.6%, with “Tabreed” dropping 9.3% to 2.54 dirhams, and “Amanat” declining 5.26% to 1.08 dirhams, while “Al-Firdaws” jumped 31.8%.

Telecom alone rose by 0.15%, amid an increase in “du” share by 0.15% to 6.6 dirhams.

Abu Dhabi market

The Abu Dhabi Securities Exchange index recorded the first weekly decline in 13 weeks by 0.74%, equivalent to 58.42 points, to close at 7824.8 points, after falling to 7665.14 points during the week’s sessions.

The general index of the market was affected by the negative performance of the “banking sector”, which fell 1.57%, especially with the decline of “First Abu Dhabi” by 1.6%, to close at 18.4 dirhams, with a trade of 1.63 billion dirhams, as well as “Abu Dhabi Commercial” 1.94%, and “Abu Dhabi” Islamic” 2.61%, and “Umm Al Qaiwain National” rose 6.67%.

The real estate declined by 2.12%, after “Al Dar Properties” lost 2.14% of the share price, to close at 4.11 dirhams, with a trade of 1.36 billion dirhams, and “Ras Al Khaimah Real Estate” also declined 1.57%, and “Sharjah Group” 11%.

The telecommunications sector decreased by 1.25%, amid the mixed performance of the two shares of the sector; As “Etisalat Group” decreased 1.37% to 24.56 dirhams, with a turnover of 199.5 million dirhams, while “Yahsat” rose 3.2% to 2.57 dirhams, with a turnover of 116.2 million dirhams.

The energy sector fell 1.99%, after “ADNOC Distribution” fell 3.85% to 4.25 dirhams, with a turnover of 280 million dirhams, while “Dana Gas” rose slightly by 0.95% to 1.06 dirhams, with a turnover of 40 million.

The investment and financial services sector rose 0.74%, with “Alpha Abu Dhabi” rising 1.86% to 27.4 dirhams, with a turnover of 622.7 million dirhams, and “International Holdings” rose 0.55% to 147 dirhams, with a turnover of 1.55 billion dirhams, and in contrast, “Waha Capital” declined. 5.5% to 1.7 dirhams.

The “Marine Dredging” share recorded a strong increase of 29% to 14.02 dirhams, with weekly trading of 181.3 million dirhams.

At the level of private companies, the shares of “ASG Stallions Emirates” rose 27%, “Al Capability” rose 9%, “Palms Sports” 13.4%, and “Ze Stores” 5%.

Investors Nationalities

The orientations of non-Arab foreign investors in the two markets were unified towards buying, after their net investment, as a result of buying, amounted to nearly 107.3 million dirhams during the week; Where distributed between 50.5 million dirhams in the Abu Dhabi market, and 56.8 million dirhams in the Dubai market.

Citizens also recorded in the two markets the proceeds of selling shares of about 218 million dirhams, the largest part of them in the Dubai market with 217.4 million dirhams, while the Abu Dhabi market recorded the proceeds of selling about 638 thousand dirhams. As for Gulf investors, their attitudes varied in the two markets, with a sale sum in Abu Dhabi of 50.7 million dirhams, and a strong purchase outcome in the Dubai market of 160.8 million dirhams.

Institutions and individuals

The control of institutional trading in the Abu Dhabi market continued, after it achieved a purchase outcome of 19.6 million dirhams, through purchases of about 5.97 billion dirhams, and sales of about 5.95 billion dirhams.

While the institutions recorded a total sale in Dubai of 217 million dirhams, as a result of purchases of 321 million dirhams, compared to sales of 537.8 million dirhams.


Please enter your comment!
Please enter your name here