On Tuesday, the UAE stock markets experienced relatively muted trading, with fluctuations in the performance of leading stocks across various sectors such as real estate, financials, industrial and utilities. The Dubai market index fell by 0.17% to 3985.97 points, while the Abu Dhabi market index closed up by 0.01% at 8918.51 points.
Despite declines in some sectors, several companies recorded gains in their stock prices across both markets. In Dubai’s industrial sector, Parkin, Salik, Aramex and Empower all experienced increases in their share prices. Meanwhile, ADNOC Logistics, Alpha Dhabi, Etisalat E&T and ADNOC Distribution recorded gains in Abu Dhabi’s industrial sector.
The total market liquidity for both markets was 1.4 billion dirhams, with most of it coming from Abu Dhabi’s sectoral indices for financial and utilities stocks rising while declining in industrial and real estate sectors respectively. Companies like Mashreq Bank and Tecom saw their stock prices increase while others like Emaar Properties and Air Arabia experienced declines in Dubai’s financial and utilities sectors respectively.
Trading activities were led by different companies across both markets with more shares traded in Abu Dhabi compared to Dubai where 45 companies rose while the prices of 51 companies fell. Foreign investors tended to buy in the Abu Dhabi market while national investors focused on purchasing in Dubai’s sectoral indices for financial and utilities stocks that rose despite declines in other sectors such as industrial and real estate sectors respectively due to lack of interest among foreign investors who opted instead to sell their assets there instead of buying new ones as individual investors did on both markets.
Overall investment portfolios varied between the two markets with some investors looking to buy stocks in Dubai while others opting to sell them away from Abu Dhabi amidst a mixed outlook for the UAE economy due to ongoing uncertainties caused by global geopolitical events that affect oil prices which are a significant source of revenue for the UAE economy.
In summary, Tuesday’s trading session saw mixed results across different sectors of the UAE stock markets with fluctuations affecting both local and foreign investors who had varying preferences when it came to buying or selling stocks depending on their portfolios and risk management strategies
.png)
