Due to profit-taking activities after the huge gains recorded in the previous days, when the Abu Dhabi market established a new record and the Dubai market reached its highest level in three months, the UAE financial markets declined in the final sessions of the week.
Due to profit-taking, the Abu Dhabi market suffered its first weekly loss since early August, while the Dubai market experienced its largest weekly gain since mid-May.
The market index for Abu Dhabi decreased by 0.
15 to 10,110 points at the end of the trading day.
With 148. 82 million shares exchanged, trading in the Abu Dhabi market reached a value of 1.06 billion dirhams.
Global Holding’s 0.26 gain helped the markets perform better, while the first Abu Dhabi stabilised and my words increased by 0.25.
Shares of Multiplay Group were unchanged, although Abu Dhabi Ports, ADNOC Distribution, and Food saw increases of 1. 19, 0. 88, and 3. 22 respectively.
With a value of 295, 93 million dirhams, Global Holding shares were the most valued in terms of trading value, but Multiplay shares were the most active in terms of trading volume, with roughly 157, 87 million shares.
By 8. 28 points, Meethaq led the gains in the Abu Dhabi market, while 9. 95 points, Hayat Insurance lead the losses.
In the capital market, foreigners normally sold for a net price of 93.32 million dirhams, Gulf residents typically paid a net price of 1.34 million dirhams, and Arabs typically received a net price of 2.
93.01 million dirhams were bought by Emiratis, net of the 3.03 million dirhams they paid.
After reaching fresh highs in the first two sessions of the week, exceeding 10,300 points, the Abu Dhabi market dropped 1.7% this week, marking its first weekly fall since the beginning of August.
With 14 stocks declining, the Dubai Financial Market index fell 0.37 points to 3,419 points.
Additionally, the Emaar Properties stock will no longer be traded on the Dubai Financial Market until the company clarifies the conclusions of its board of directors meeting regarding the sale of the Namshi website.
With 80. 92 million shares traded, the market had a trading value of 127.37 million dirhams.
And, with a value of 20.
Emirates Refreshments shares had the highest trading value of 34 million dirhams while Salama shares had the highest trading volume at 12. 54 million shares.
Emaar Development lost 0.43 in the Dubai real estate market, Deyaar Development lost 0.17, and Union Properties lost 0.38.
The markets’ performance was in line with Dubai Islamic losing 0. 67 of its market share, while Dubai Financial Market gained 1. 12 and Amlak gained 0.
In the last sessions of the week, the Emirati financial markets are declining, but Dubai wins the week.
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