Emirates Securities Market down by -1.11 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -1.11% to close at 4457.31 points. Accordingly the Market Capitalization has lost AED 8.1 billion attaining AED 723.03 billion. A total of 0.73 Billion Shares were traded with a total value of AED 0.79 billion during the trading session of 05-04-2016 through 8562 transactions.
The number of companies which has been traded is 57 out of 128 companies listed in the market. Shares for 20 companies were advanced, whereas shares for 28 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 180.51 million distributed over 103.68 Million Shares through 1490 transactions. Drake & Scull came at the second top of the most active companies with a trade value of AED 73.11 million distributed over 137.75 Million Shares through 863 transactions.
AXA Green Crescent Insurance Company shares has achieved the highest increase in the price which closed at AED 0.92 with 12.20% increase during the trading of 150 Shares with a trade value of AED 138. Whereas SHUAA Capital shares Increased by 12.07% to close at AED 0.65 during the trading of 52.47 Million Shares with a trade value of AED 32.54 million.
International Fish Farming Company has achieved the lowest decline by -3.25% to close at AED 7.45 during the trading of 5099 Shares with a trade value of AED 35.46 thousand. Followed by Emirates Telecommunication Group which dropped by -2.99% to close at AED 17.85 during the trading of 1.15 Million Shares with a trade value of AED 20.69 million. Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 4.147%, with a total accumulated trade value of AED 58.53 billion. The number of companies which has achieved a rise in its market price reached 57 out of the 128 listed companies whereas the declined ones are 48 companies.
As of 05-04-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 12.9565% to settle at 3619.48compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 10.8% to settle at 5366.31 points. Followed by the Fin/Investment sector index with an increase of 9.69% to settle at 3913.83 points. Followed by the Energy sector index with an increase of 6.83% to settle at 76.0927 points. Followed by the Consumer Staples sector index with an increase of 4.45% to settle at 2004.03 points. Followed by the Services sector index with an increase of 3.91% to settle at 1443.56 points. Followed by the Transportation sector index with a decrease of -1.2% to settle at 3290.36 points. Followed by the Insurance sector index with a decrease of -1.8% to settle at 1249.21 points. Followed by the Banks sector index with a decrease of -2.6% to settle at 2802.91 points. Followed by the Industrials sector index with a decrease of -5.4% to settle at 919.009 points.