Emirates Securities Market down by -0.36 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -0.36% to close at 4441.39 points. Accordingly the Market Capitalization has lost AED 2.58 billion attaining AED 720.45 billion. A total of 0.89 billion Shares were traded with a total value of AED 0.98 billion during the trading session of 06-04-2016 through 9367 transactions.
The number of companies which has been traded is 56 out of 128 companies listed in the market. Shares for 22 companies were advanced, whereas shares for 20 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 189.17 million distributed over 108.16 Million Shares through 1309 transactions. Union Properties came at the second top of the most active companies with a trade value of AED 100.08 million distributed over 113.09 Million Shares through 895 transactions.
Al Khazna Insurance Co shares has achieved the highest increase in the price which closed at AED 0.35 with 12.90% increase during the trading of 231.08 Thousand Shares with a trade value of AED 79.82 Thousand. Whereas SHUAA Capital shares Increased by 4.62% to close at AED 0.68 during the trading of 36.14 Million Shares with a trade value of AED 24.58 million. Gulf Cement Co has achieved the lowest decline by -4.08% to close at AED 0.94 during the trading of 1.23 Million Shares with a trade value of AED 1.15 million. Followed by Takaful Emarat which dropped by -3.16% to close at AED 1.84 during the trading of 108.15 Thousand Shares with a trade value of AED 199.09 Thousand.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 3.775%, with a total accumulated trade value of AED 59.52 billion. The number of companies which has achieved a rise in its market price reached 56 out of the 128 listed companies whereas the declined ones are 49 companies. As of 06-04-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 13.7552% to settle at 3645.08compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 10.0% to settle at 5329.23 points. Followed by the Fin/Investment sector index with an increase of 9.29% to settle at 3899.51 points. Followed by the Energy sector index with an increase of 8.87% to settle at 77.5428 points. Followed by the Consumer Staples sector index with an increase of 4.30% to settle at 2001.16 points. Followed by the Services sector index with an increase of 4.18% to settle at 1447.31 points. Followed by the Transportation sector index with a decrease of -1.0% to settle at 3297.53 points. Followed by the Insurance sector index with a decrease of -1.7% to settle at 1250.06 points. Followed by the Banks sector index with a decrease of -3.6% to settle at 2775.20 points. Followed by the Industrials sector index with a decrease of -5.7% to settle at 916.453 points.