Emirates Securities Market down by -0.73 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -0.73% to close at 4418.03 points. Accordingly the Market Capitalization has lost AED 5.29 billion attaining AED 716.66 billion. A total of 313 Million Shares were traded with a total value of AED 356.37 million during the trading session of 26-04-2016 through 4475 transactions.
The number of companies which has been traded is 58 out of 128 companies listed in the market. Shares for 15 companies were advanced, whereas shares for 37 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 48.54 million distributed over 36.62 Million Shares through 320 transactions. Al Salam Bank – Bahrain came at the second top of the most active companies with a trade value of AED 33.05 million distributed over 34.95 Million Shares through 446 transactions.
Abu Dhabi Ships Building shares has achieved the highest increase in the price which closed at AED 3.27 with 14.74% increase during the trading of 150 Shares with a trade value of AED 463.5. Whereas RAK Bank shares Increased by 5.08% to close at AED 6.20 during the trading of 0.74 Million Shares with a trade value of AED 4.43 million.
Fujairah Building Industries has achieved the lowest decline by -9.72% to close at AED 1.30 during the trading of 550 Shares with a trade value of AED 715. Followed by Gulf Medical which dropped by -7.34% to close at AED 2.40 during the trading of 1000 Shares with a trade value of AED 2400.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 3.229%, with a total accumulated trade value of AED 54.33 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 48 companies.
As of 24-04-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 13.5593% to settle at 3638.80compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 7.24% to settle at 5191.74 points. Followed by the Fin/Investment sector index with an increase of 5.72% to settle at 3772.12 points. Followed by the Consumer Staples sector index with an increase of 5.70% to settle at 2028.12 points. Followed by the Services sector index with an increase of 3.26% to settle at 1434.62 points. Followed by the Banks sector index with a decrease of -3.0% to settle at 2792.72 points. Followed by the Transportation sector index with a decrease of -3.1% to settle at 3226.18 points. Followed by the Insurance sector index with a decrease of -3.2% to settle at 1231.63 points. Followed by the Industrials sector index with a decrease of -4.1% to settle at 931.634 points. Followed by the Energy sector index with a decrease of -5.8% to settle at 67.0344 points.