Emirates Securities Market down by -0.66 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -0.66% to close at 4443.67 points. Accordingly the Market Capitalization has lost AED 4.81 billion attaining AED 720.82 billion. A total of 0.59 Billion Shares were traded with a total value of 0.84 Billion AED during the trading session of 16-03-2016 through 8618 transactions.
The number of companies which has been traded is 60 out of 128 companies listed in the market. Shares for 26 companies were advanced, whereas shares for 25 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 134.66 million distributed over 86.13 Million Shares through 1219 transactions. Emaar Properties came at the second top of the most active companies with a trade value of AED 76.24 million distributed over 12.78 Million Shares through 608 transactions.
National General Insurance shares has achieved the highest increase in the price which closed at AED 3.61 with 13.88% increase during the trading of 10000 Shares with a trade value of AED 36.1 Thousand. Whereas International Fish Farming Company shares Increased by 7.86% to close at AED 7.00 during the trading of 8047 Shares with a trade value of AED 56.33 Thousand.
National Cement has achieved the lowest decline by -10.00% to close at AED 3.15 during the trading of 5800 Shares with a trade value of AED 18.27 Thousand. Followed by RAK Cement which dropped by -4.71% to close at AED 0.81 during the trading of 1.14 Million Shares with a trade value of AED 0.92 million.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 3.828%, with a total accumulated trade value of AED 47.78 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 49 companies. As of 16-03-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 17.7214% to settle at 3772.16compared to 3204.32 points by the end of last year. Followed by the Consumer Staples sector index with an increase of 8.88% to settle at 2089.11 points. Followed by the Fin/Investment sector index with an increase of 7.66% to settle at 3841.31 points. Followed by the Real estate sector index with an increase of 6.55% to settle at 5158.17 points. Followed by the Services sector index with an increase of 2.95% to settle at 1430.31 points. Followed by the Transportation sector index with an increase of 0.81% to settle at 3359.86 points. Followed by the Energy sector index with a decrease of -1.0% to settle at 70.4555 points. Followed by the Industrials sector index with a decrease of -3.0% to settle at 942.474 points. Followed by the Insurance sector index with a decrease of -3.2% to settle at 1231.71 points. Followed by the Banks sector index with a decrease of -4.2% to settle at 2758.97 points.