Emirates Securities Market down by -0.52 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -0.52% to close at 4657.72 points. Accordingly the Market Capitalization has lost AED 3.94 billion attaining AED 755.54 billion. A total of 473.66 Million Shares were traded with a total value of AED 0.77 billion during the trading session of 27-04-2016 through 6667 transactions.
The number of companies which has been traded is 60 out of 128 companies listed in the market. Shares for 17 companies were advanced, whereas shares for 29 companies were declined and the rest remained unchanged.
Dubai Islamic Bank came at the top of the most active companies with a trade value of AED 113.67 million distributed over 18.66 Million Shares through 654 transactions. Gulf Finance House came at the second top of the most active companies with a trade value of AED 67.77 million distributed over 75.53 Million Shares through 523 transactions.
«National Marine Dredging Co» shares has achieved the highest increase in the price which closed at 6.40 AED with 6.67% increase during the trading of 2400 Shares with a trade value of 15.36 Thousand AED. Whereas «Takaful Emarat» shares Increased by 5.56% to close at 1.90 AED during the trading of 58.01 Thousand Shares with a trade value of 109.8 Thousand AED .
National General Insurance has achieved the lowest decline by -9.09% to close at AED 2.70 during the trading of 10488 Shares with a trade value of AED 28.32 thousand. Followed by Manazel Real Estate – PVT which dropped by -4.76% to close at AED 0.60 during the trading of 17.63 Million Shares with a trade value of AED 10.8 million.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 8.830%, with a total accumulated trade value of AED 74.35 billion. The number of companies which has achieved a rise in its market price reached 68 out of the 128 listed companies whereas the declined ones are 38 companies. As of 27-04-2016, the Energy sector index has the lead over the other indices, with highest increase of 21.8238% to settle at 86.7646compared to 71.2214 points by the end of last year. Followed by the Telecommunication sector index with an increase of 18.1% to settle at 3786.06 points. Followed by the Real estate sector index with an increase of 15.6% to settle at 5600.26 points. Followed by the Fin/Investment sector index with an increase of 12.4% to settle at 4010.29 points. Followed by the Services sector index with an increase of 11.7% to settle at 1552.17 points. Followed by the Consumer Staples sector index with an increase of 10.0% to settle at 2111.08 points. Followed by the Transportation sector index with an increase of 2.42% to settle at 3413.33 points. Followed by the Banks sector index with an increase of 1.79% to settle at 2932.46 points. Followed by the Industrials sector index with a decrease of -2.6% to settle at 946.624 points. Followed by the Insurance sector index with a decrease of -3.5% to settle at 1227.73 points.