The first day of trading on the Abu Dhabi Securities Market saw a 19% drop in the share price of Alef Education Company, resulting in a loss of about 1.2 billion dirhams in market value. This brought its closing price down to 8.26 billion dirhams. The Dubai market also experienced a decline, with a 0.7% drop, while the Abu Dhabi market saw significant activity with large direct deals on various shares, including Union Insurance and The National Investor.
The financial sector was the hardest hit in both markets, with declines in share prices for companies like Dubai Islamic and Emirates NBD in Dubai, and Abu Dhabi Commercial and First Abu Dhabi in Abu Dhabi. Real estate shares also fell in both markets, with Emaar Properties leading the decline in Dubai. However, there were some gains in the financial sector, with companies like Abu Dhabi Commercial seeing increases in their share prices.
Trading activity was led by companies like Alef Education and Emaar Properties in their respective markets. There were also net investment trends based on nationalities, with Arab and Gulf investors buying or selling shares. Despite these fluctuations, online casino games such as video poker continued to attract players looking for entertainment options. Various online platforms offered different casino games for players to enjoy.
Overall, while the markets experienced some volatility on the first day of trading, it is important for investors to remain vigilant and make informed decisions based on market indicators and company performance data.