Emirates Securities Market down by -0.17 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -0.17% to close at 4496.32 points. Accordingly the Market Capitalization has lost AED 1.21 billion attaining AED 729.36 billion. A total of 0.95 Billion Shares were traded with a total value of AED 1.04 billion during the trading session of 11-04-2016 through 10346 transactions.
The number of companies which has been traded is 64 out of 128 companies listed in the market. Shares for 24 companies were advanced, whereas shares for 33 companies were declined and the rest remained unchanged.
Arabtec Holding Company» came at the top of the most active companies with a trade value of AED 151.45 million distributed over 85.14 Million Shares through 1023 transactions. Union Properties came at the second top of the most active companies with a trade value of AED 123.18 million distributed over 133.88 Million Shares through 1201 transactions.
Abu Dhabi National Building – BILDCO shares has achieved the highest increase in the price which closed at AED 0.50 with 6.38% increase during the trading of 3.59 Million Shares with a trade value of AED 1.74 million. Whereas Al Salam Bank – Sudan shares Increased by 6.08% to close at AED 1.57 during the trading of 130.43 Thousand Shares with a trade value of AED 197.57 thousand. National Marine Dredging Co has achieved the lowest decline by -8.20% to close at AED 5.04 during the trading of 11.83 Thousand Shares with a trade value of AED 59.74 thousand. Followed by DANA Gas which dropped by -6.67% to close at AED 0.56 during the trading of 46.02 Million Shares with a trade value of AED 26.79 million. Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 5.059%, with a total accumulated trade value of AED 62.96 billion. The number of companies which has achieved a rise in its market price reached 62 out of the 128 listed companies whereas the declined ones are 44 companies.
As of 11-04-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 14.2604% to settle at 3661.26compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 13.1% to settle at 5476.97 points. Followed by the Fin/Investment sector index with an increase of 12.5% to settle at 4016.22 points. Followed by the Energy sector index with an increase of 11.1% to settle at 79.1565 points. Followed by the Consumer Staples sector index with an increase of 6.71% to settle at 2047.50 points. Followed by the Services sector index with an increase of 4.64% to settle at 1453.70 points. Followed by the Transportation sector index with a decrease of -0.6% to settle at 3311.09 points. Followed by the Insurance sector index with a decrease of -2.1% to settle at 1246.19 points. Followed by the Banks sector index with a decrease of -2.7% to settle at 2801.32 points. Followed by the Industrials sector index with a decrease of -4.5% to settle at 928.422 points.