Mixed closures within the Emirates Stock Exchange amid limited movements and limited foreign purchases
The UAE stock exchanges continued their volatile performance today, Thursday, while their indices moved within a narrow path of ups and downs, amid more purchases by foreign investors.
The Dubai market index declined for the second session in a row by 0.18% to 3,992.36 points, with liquidity amounting to 601.63 million dirhams, while the main index of the Abu Dhabi market rose 0.06% at the level of 9,559.57 points, recording trades worth 1.67 billion dirhams.
In Dubai, Emaar Properties shares attracted 40% of the total market liquidity, equivalent to 238.3 million dirhams, rising 2.29% to 7.59 dirhams, according to the Arab World News Agency.
On the other hand, shares of Emirates NBD Bank fell 0.84% to 17.6 dirhams, Dubai Islamic Bank 0.18% to 5.52 dirhams, and Dubai Electricity and Water (DEWA) 0.78% to 2.53 dirhams.
In the capital market, shares of Aldar Properties companies rose 1.06% to 5.72 dirhams, Etisalat (E&) 0.21% to 19.32 dirhams, and First Abu Dhabi Bank 1.03% to 13.72 dirhams.
Energy sector shares also rose collectively, as ADNOC Distribution rose 0.8% to 3.8 dirhams, ADNOC Drilling rose 0.26% to 3.84 dirhams, ADNOC Gas rose 0.92% to 3.28 dirhams, and Dana Gas rose 0.51% to 0.792 dirhams.
Iyad Al-Bariqi, Director of Development Department at Aldar Stock and Bonds Company, said, “Most company stocks maintained their cohesion during today’s session, and moved between highs and lows at limited levels despite fluctuations in performance and in light of investors continuing to prefer short-term gains, especially in the current period before the end of the year.” “The current one.”
Al-Buraiki believed that foreign investors will continue to buy before the end of the year in light of the restructuring of positions and amid confidence in the performance of major companies as they are the main driver of stock market indices, in addition to their high financial and operational efficiency.
Foreign investments in Abu Dhabi recorded a net purchase amounting to 116.75 million dirhams, while Arabs, Gulf Arabs, and Emiratis tended to sell for a net amount of 13.6 million, 34.16 million, and 70.8 million dirhams, respectively.
Foreigners tended to buy in Dubai, with a net value of 99 million dirhams, while Arab, Gulf, and Emirati investors recorded net sales of about 8.29 million, 63.9 million, and 26.8 million dirhams, respectively.
