Aman leads stocks in Dubai and bulldozers are at the forefront of the Abu Dhabi market
The UAE stock markets recorded a mixed performance during today's session, as the Abu Dhabi Securities Exchange rose by 0.79%, closing at 4,546 points, in contrast to the Dubai Financial Market from slight declines, as the market index decreased by 0.2% and closed at 2,320 points.
Dubai Islamic Insurance and Reinsurance Company "Aman" led the gains in Dubai, registering a growth of 14.93%, while the Marine Dredging Company topped the most gaining shares in the market by 9.65%.
In detail, the Abu Dhabi Stock Exchange rose by 0.79%, closing at 4,546 points, winning 35.36 points, as 79.01 million papers worth 337.31 million dirhams were traded, after the execution of 1733 transactions, supported by the growth of First Abu Dhabi Bank’s share by 2.15%.
The market value jumped by 1.97 billion dirhams to reach 680.75 billion dirhams, compared to 678.78 billion dirhams in the last session, and the banking sector rose by 1.62%, the real estate sector by 0.36%, while the telecommunications sector declined by 0.60%, and the energy sector by 0.16%.
The Marine Dredging Company topped the market with the highest gain in the market by 9.65%, followed by Agthia Company by 7.59%, then AXA Insurance Company by 5.26%, and in terms of declines, Arkan Building Materials recorded the list of the most declining shares by 2.53%, while the share of the global company The holding is the most active in terms of value, with a liquidity of 75.79 million dirhams, and the share of Aldar Properties was the most traded in terms of volumes, after trading 30.70 million shares.
In addition, the Dubai Financial Market index witnessed an accidental movement, as the market index decreased slightly at 0.2%, and closed at 2320 points, and 272.20 million shares were traded, valued at 231.20 billion dirhams, through the implementation of 4,247 transactions.
Shares of 20 companies registered an increase out of the 35 companies traded today, while shares of 12 companies declined, while three companies remained steady.
Insurance led the market sectors in terms of gain, up by 2.79% during today's session, led by the Dubai Islamic Insurance and Reinsurance Company (Aman), which closed up by 14.93%, closing at 93 fils per share, through the circulation of 22.612 million shares. With a value of 20.3 million dirhams, the share of Areej Insurance Company came in second place, with an increase of 7.14%, and the share closed at 1.50 dirhams. Emaar Development Company from the real estate sector ranked third in terms of increases by 5.37%, closing at a price of 2.55 dirhams.
On the other hand, the banking sector decreased by 0.71%, the investment sector and financial services by 0.51%, while the consumer goods sector increased by 1.39%, the services sector by 1.08%, and the real estate sector by 0.34%.
The most active stock in terms of volumes was Ithmaar Holding Company, also listed on the Bahrain Stock Exchange after trading 52.88 million shares. Emaar Development Company’s share was the most active in terms of value, with a liquidity of 30.85 million dirhams.
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