3378 percent growth in the market value of the listed “energy” companies by the end of the first half of June

4.8 billion dirhams, local stock liquidity during 3 sessions

The value of trading in the Dubai Financial Market amounted to 230 million dirhams.

Photography: Ahmed Ardeti

The flow of liquidity to the trading halls of the UAE financial markets continued, despite the calm state that dominated the movement of general indices, as a result of some profit-taking operations witnessed by some of the leading stocks after their continuous rises in the previous days.

In light of the continuation of intensive trading by foreign and local institutions, the value of transactions concluded in the markets rose to approximately 4.8 billion dirhams during three sessions, including 1.57 billion dirhams recorded in yesterday's session.

Abu Dhabi market

The general index of the Abu Dhabi Stock Exchange closed at the level of 6740 points, a growth of 0.07%, while the general index of the Dubai Financial Market closed at 2869 points, an increase of 0.05%, according to the daily monitoring of transactions.

Despite the relative calm that dominated the movement of the indices, a segment of the shares succeeded in achieving good gains, led by the “Aldar Properties” share, which rose to 3.87 dirhams, its highest level for a long time, as the value of the deals concluded on The company's share is 315 million dirhams.

The International Holding Company's share rose to 97.2 dirhams, the First Abu Dhabi Bank's share to 16.90 dirhams, and Ras Al Khaimah Real Estate to about 65 fils.

The value of trading in the Abu Dhabi market exceeded 1.33 billion dirhams, while the number of traded shares reached 283 million shares, executed through 4741 transactions.

Dubai market

In the Dubai Financial Market, the "Emaar Properties" share continued to rise to 4.16 dirhams, followed in the same direction by the "Emaar Malls" share to 2.02 dirhams, and the "Takaful House" share to 1.03 dirhams. The number of shares traded was 123 million shares, executed through 2789 transactions.

Jump

In addition, the total market value of Emirati companies operating in the energy sector and listed in the financial markets jumped to about 220.3 billion dirhams by the end of the first half of this June, a growth of 3378% compared to its value recorded at the end of 2019, according to the statistics documented by Abu Dhabi Securities Exchange records.

The market value of energy companies, which includes Abu Dhabi Energy Company, ADNOC Distribution, and Dana Gas, constituted about 23% of the total market value of all companies listed on the Abu Dhabi Securities Exchange, by the end of June 14, 2021.

A significant increase

Official statistics show that the recent significant increase in the market value of the energy sector coincided with the increase in the paid-in capital of the sector companies, which amounted to 120 billion dirhams at the end of 2020, and constitutes about 38% of the total paid-in capital of the total companies listed in the financial markets. , amounting to approximately 315 billion dirhams.

The energy sector is one of the most important sectors supporting the national economy in the UAE, as it played an important role in the comprehensive development process that the country witnessed during the past decades.

Abu Dhabi Energy tops the list

Abu Dhabi Energy Company tops the list of the most energy companies listed in the financial markets in terms of capital, which amounted to 112.43 billion dirhams at the end of 2020, while the market value of the company's shares listed in the capital market reached 159.6 billion dirhams, at the end of the first half of June 2021.

"ADNOC Distribution" came in second place in terms of market value, which amounted to 55 billion dirhams, at the end of the first half of this June, while the market value of the shares of "Dana Gas" reached approximately 5.62 billion dirhams.

• The market value of energy companies constitutes 23% of the total value of companies listed on the Abu Dhabi Securities Exchange.

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