15 billion weekly stock gains, amid optimism about the results

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The local shares consolidated their gains in the trading of the past week, which were limited to only 4 sessions; Because of the Prophet’s birthday holiday, and its market capitalization gained nearly 15 billion dirhams, supported by the state of optimism that dominates the sentiment of investors; Thanks to the strength of the national economy and the expected recovery after the repercussions of “Covid 19”, with the start of the marathon of quarterly results and the announcement of results by banks and companies that exceeded expectations.

Last week, the Dubai market rose 2.4%, which is the largest weekly gain since the beginning of last April, to close at the level of 2857.32 points, with the rise in the shares of banks, real estate, transportation, investment and services, and the Abu Dhabi market increased 0.83% to reach the level of 7876.68 points, supported by the gains of banking, telecommunications, industry, goods and services shares.

The shares attracted liquidity in 4 sessions, amounting to 8.3 billion dirhams, distributed by 6.18 billion dirhams in the Abu Dhabi market and 2.15 billion dirhams in the Dubai market, including the “Aramex” deal worth 1.4 billion, and 1.49 billion shares were traded, including 1.04 billion shares in Abu Dhabi and 453. 97 million shares in Dubai, through the implementation of 42.6 thousand transactions.

Dubai market

The rise of the Dubai market was supported by a 1.38% rise in the banking sector, with the growth of «Emirates NBD» 0.73% and «Dubai Islamic» 2.4%, and the real estate sector increased 2.3% on the impact of «Emaar Properties» 2.3%, «Emaar Development» 2.3% and «Emaar» Malls 3.6%, Deyaar 2.7%, Damac 0.8%, while Union Properties decreased 2.8%.

The investment sector rose 4.42% after “Dubai Investments” rose 4.2%, “Dubai Financial Market” 5.8% and “Shuaa Capital” 0.6%, and the transportation sector grew 10% after the rise of “Aramex” by 18.97%, while “Air Arabia” stabilized and declined «Gulf Navigation» 0.7%.

“Aramex” topped the activity after excluding the executed deal, attracting liquidity of about 172.78 million dirhams, followed by “Dubai Islamic” 124.8 million dirhams, then “Emirates NBD” 117.9 million dirhams, and “Aramex” achieved the largest increase by 18.97%, followed by “National Industries”. 14%, then “Tabreed” 10.67%, while “Al-Saqr Insurance” had the lowest rate by 18.9%, followed by “Al-Firdous Holding” 18.7%, then “National International Holding” 8.12%.

Foreign investors tended to buy in Dubai with a net investment of 1.13 billion dirhams, while Arab and Gulf investors and citizens tended to monetize, with a net investment of 1.13 billion dirhams, distributed by 31.7 million dirhams for Arabs, 533.3 million dirhams for Gulf nationals, and 567.86 million dirhams for citizens.

Abu Dhabi market

The rise of the Abu Dhabi market was supported by a 0.71% increase in the banking sector, with the growth of “First Abu Dhabi” 0.56%, “Abu Dhabi Commercial” 1.85%, “Abu Dhabi Islamic” 0.8% and “Sharjah Islamic” 1.1%, and the telecommunications sector rose 2.4% after “Etisalat” rose 2.49 %, while “Yahsat” decreased by 0.75%.

On the contrary, the investment sector decreased by 0.5%, with “International Holdings” down 0.48%, “Alpha Abu Dhabi” 0.79% and “Eshraq” 2.49%, while “Waha Capital” increased 4.07%, and the energy sector decreased 0.09% after “ADNOC Distribution” decreased 0.48 While “TAQA” increased by 1.63%, “Dana Gas” and “ADNOC Drilling” stabilized.

“First Abu Dhabi” dominated the activity, attracting 1.43 billion dirhams, followed by “International Holding” 1.15 billion dirhams, then “Aldar Properties”, attracting one billion dirhams. “Ras Al Khaimah White Cement” achieved the largest increase by 48.65%, followed by “Ras Al Khaimah Cement” 36.06%, then “Al Qudra Holding” 22.91%, while “Abu Dhabi National Takaful” was the lowest by 18.94%, followed by “ASG” 12.27% Then “Ze Stores” 9.37%.

Arab and foreign investors tended to buy in Abu Dhabi, with a net investment of 229.7 million dirhams, of which 15.78 million dirhams were for Arabs and 213.9 million dirhams for foreigners. Dirhams for citizens.

institutional investment

While the performance of institutions varied as they tended to buy in Dubai, with a net investment of 164.2 million dirhams, and towards monetization in Abu Dhabi, with a net investment of 59.24 million dirhams, while individual investors tended to buy in Abu Dhabi, with a net investment of 59.24 million dirhams, and towards monetization in Dubai, with a net investment of 164.2 million dirhams.

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