Emirates Securities Market down by -1.30 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -1.30% to close at 4509.80 points. Accordingly the Market Capitalization has lost AED 9.6 billion attaining AED 731.55 billion. A total of 0.92 Billion Shares were traded with a total value of AED 1.29 billion during the trading session of 10-03-2016 through 11283 transactions.
The number of companies which has been traded is 69 out of 128 companies listed in the market. Shares for 23 companies were advanced, whereas shares for 37 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 327.27 million distributed over 184.88 Million Shares through 2223 transactions. Union Properties came at the second top of the most active companies with a trade value of AED 157.9 million distributed over 176.3 Million Shares through 1411 transactions.
RAK White Cement shares has achieved the highest increase in the price which closed at AED 1.33 with 14.66% increase during the trading of 7840 Shares with a trade value of AED 10427.2. Whereas Al Dharfra Insurance Co shares Increased by 13.64% to close at 5.00 AED during the trading of 3.23 Million Shares with a trade value of AED 15.92 Million.
Umm Al Qaiwain Cement has achieved the lowest decline by -10.00% to close at AED 0.81 during the trading of 1850 Shares with a trade value of 1498.5 AED. Followed by Takaful which dropped by -10.00% to close at AED 4.77 during the trading of 200 Shares with a trade value of AED 954 .
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 5.373%, with a total accumulated trade value of AED 43.74 billion. The number of companies which has achieved a rise in its market price reached 60 out of the 128 listed companies whereas the declined ones are 43 companies.
As of today the Telecommunication sector index has the lead over the other indices, with highest increase of 13.8679% to settle at 3648.69compared to 3204.32 points by the end of last year. Followed by the Fin/Investment sector index with an increase of 9.39% to settle at 3902.95 points. Followed by the Real estate sector index with an increase of 9.28% to settle at 5290.42 points. Followed by the Consumer Staples sector index with an increase of 2.79% to settle at 1972.17 points. Followed by the Energy sector index with an increase of 2.26% to settle at 72.8351 points. Followed by the Services sector index with an increase of 1.85% to settle at 1414.94 points. Followed by the Transportation sector index with an increase of 1.22% to settle at 3373.45 points. Followed by the Banks sector index with an increase of 0.28% to settle at 2888.80 points. Followed by the Industrials sector index with a decrease of -0.7% to settle at 965.057 points. Followed by the Insurance sector index with a decrease of -4.8% to settle at 1211.59 points.