Varied closings of local stock markets at the end of yesterday's session, with a relative improvement in the levels of liquidity, with a profit of Abu Dhabi market more than 3.2 billion dirhams supported by foreign purchases boosted blue chip stocks gains, while the Dubai market fell under increasing pressure from real estate stocks.
Abu Dhabi's market rose 0.5% to close steady at 4971.43 points, enhanced the return of the gains of the shares of banks, real estate, investment, communications and goods, while the Dubai market fell by about 0.44% to 2727.41 points, weighed down property, investment, insurance and commodity stocks.
The improved liquidity of the markets yesterday relatively after it reached 411.4 million dirhams, of which 158 million in Dubai, and 253.4 million in Abu Dhabi, and was trading 146.3 million shares, divided by 95.8 million in Dubai, and 50.5 million in Abu Dhabi through 4498 transactions.
Abu Dhabi Stock Exchange.
Abu Dhabi's market rose 0.48%, with Abu Dhabi's first gainers gaining 0.42%, Abu Dhabi Commercial Bank up 1.62% and National Bank gaining 0.21%. The gains also boosted the real estate sector by 0.81% with Aldar gaining 1.2%.
The telecom sector gained 1.18%, with Etisalat increasing. On the other hand, the energy sector fell by 2.51%, with Dana Gas falling 3.98% and energy at 3.92%, while ADNOC was up 1.75%.
Abu Dhabi First dominated the market with AED 155.3 million, followed by Etisalat with AED 26.3 million and Abu Dhabi Islamic Bank with AED 18 million. Methaq Takaful was the top gainer with 9.57%, while Al Qudra Holding was the biggest loser by 10%.
Dubai Stock Exchange.
The real estate sector fell 1.22% after Emaar Properties fell 1.25%, Arabtec 3.14%, Diar 2.44%, Union Real Estate 2.8%, Emaar Properties 1.21%, Emaar Properties 1.05% Dubai Financial Market 3.45% and Shuaa Capital 1.94%.
On the other hand, the banking sector increased by 0.44%, supported by the rise of 2.85% in Emirates NBD. Dubai Islamic Bank fell 1.13%. The transport sector was marginally supported by Aramex's 0.23% rise and the stability of Air Arabia.
Emaar Properties topped the list with AED 40 million, followed by Dubai Islamic Bank with AED 27.25 million, Dubai Investment Company with AED 25 million. The biggest gainer was Tabreed, which rose 3.85%. %.
Foreign investors tended to buy a net investment of AED 48.16 million. In contrast, Arab, GCC and local investors tended towards selling with a net investment of AED 48.16 million, distributed by 4.4 million to Arabs, 5 million to Gulfis and 39 million to nationals.
Foreign investors focused their shares on the shares of Manazel Real Estate, Dubai Financial Market, Aldar Properties and Union Properties, while their sales focused on Dubai Investments, DxP, Dana Gas and Emaar Properties.
In terms of investment performance, the performance of investment portfolios in Abu Dhabi tended to buy a net investment of AED 26 million. They sold to Dubai with a net investment of AED 18.6 million. Retail investors tended to sell in Abu Dhabi with a net investment of AED 26 million and buy in Dubai with a net investment of 18.6 million. AED.
The FTSE NASDAQ Dubai 20 index gained 0.1% to 3,204 points after trading 187.33 thousand shares valued at $ 1.74 million. In the derivatives market, 1705 contracts worth AED 990.67 thousand were traded through 8 transactions. Abu Dhabi's first contracts rose 0.41%, while Arabtec and Emaar fell by 3.18% and 1.27% respectively.
The Board of Directors of Emirates Islamic Bank (EIB) met yesterday to discuss ordinary matters, as well as the minutes of the previous board meeting held on October 29.
The Board of Directors of Khaleeji Commercial Bank, which is listed on the Dubai and Bahrain Stock Exchanges, will meet today to discuss and approve the bank's budget for 2019.
The International Financial Advisors Company (IFA), listed on the Dubai and Kuwait Stock Exchanges, posted losses of KD 11.32 million in the first nine months of this year, compared to profits of 1.46 million in the same period last year.
Kuwait Stock Exchange (KSE) has agreed to renew the purchase or sale of up to 10% of the treasury shares for a further period of six months from the date of the end of the current approval on 7 December 2018.
As reported by the newspaper "albayan"