Emirates Securities Market down by -0.46 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -0.47% to close at 4393.78 points. Accordingly the Market Capitalization has lost AED 3.38 billion attaining AED 712.73 billion. A total of 398.31 Million Shares were traded with a total value of AED 447.32 million during the trading session of 2016-03-28 through 5102 transactions.
The number of companies which has been traded is 59 out of 128 companies listed in the market. Shares for 16 companies were advanced, whereas shares for 30 companies were declined and the rest remained unchanged.
Dubai Parks & Resorts PJSC came at the top of the most active companies with a trade value of AED 70.28 million distributed over 56.29 Million Shares through 600 transactions. Arabtec Holding Company came at the second top of the most active companies with a trade value of AED 50.53 million distributed over 31.09 Million Shares through 525 transactions.
Bank of Sharjah shares has achieved the highest increase in the price which closed at AED 1.54 with 9.22% increase during the trading of 2.91 Million Shares with a trade value of AED 4.3 million. Whereas Gulf Cement Co shares Increased by 4.40% to close at AED 0.95 during the trading of 22.87 Thousand Shares with a trade value of AED 21.73 Thousand.
Abu Dhabi Ships Building has achieved the lowest decline by -9.79% to close at AED 2.95 during the trading of 27.11 Thousand Shares with a trade value of AED 79.98 Thousand. Followed by RAK Properties which dropped by -9.52% to close at AED 0.57 during the trading of 8.79 Million Shares with a trade value of AED 5.01 million.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 2.663%, with a total accumulated trade value of AED 54.77 billion. The number of companies which has achieved a rise in its market price reached 54 out of the 128 listed companies whereas the declined ones are 52 companies. As of 28-03-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 12.9989% to settle at 3620.84compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 6.42% to settle at 5152.02 points. Followed by the Fin/Investment sector index with an increase of 6.29% to settle at 3792.25 points. Followed by the Services sector index with an increase of 3.05% to settle at 1431.70 points. Followed by the Consumer Staples sector index with an increase of 2.25% to settle at 1961.97 points. Followed by the Transportation sector index with a decrease of -2.9% to settle at 3235.62 points. Followed by the Insurance sector index with a decrease of -3.2% to settle at 1231.63 points. Followed by the Banks sector index with a decrease of -3.5% to settle at 2777.70 points. Followed by the Energy sector index with a decrease of -3.7% to settle at 68.5663 points. Followed by the Industrials sector index with a decrease of -5.0% to settle at 923.583 points.