Emirates Securities Market Index down by 1.08 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has decreased by -1.08% to close at 4255.16 points. Accordingly the Market Capitalization has lost AED 7.56 Billion attaining AED 690.24 Billion. A total of 1.18 Billion Shares were traded with a total value of 1.1 Billion AED during the trading session of 24-02-2016 through 10870 transactions.
The number of companies which has been traded is 70 out of 128 companies listed in the market. Shares for 21 companies were advanced, whereas shares for 42 companies were declined and the rest remained unchanged.
Eshraq Properties came at the top of the most active companies with a trade value of AED 155.86 Million distributed over 219.69 Million Shares through 1051 transactions. Gulf Finance House came at the second top of the most active companies with a trade value of AED 87.9 Million distributed over 125.44 Million Shares through 963 transactions.
Eshraq Properties shares has achieved the highest increase in the price which closed at AED 0.73 with 10.61% increase during the trading of 219.69 Million Shares with a trade value of AED 155.86 Million. Whereas Abu Dhabi Ships Building shares Increased by 8.57% to close at AED 3.04 during the trading of 26.65 Thousand Shares with a trade value of AED 80.13 Thousand.
Financial Advisors has achieved the lowest decline by -10.00% to close at AED 0.48 during the trading of 225.7 Thousand Shares with a trade value of AED 107.66 Thousand. Followed by United Arab Bank which dropped by -10.00% to close at AED 3.87 during the trading of 2000 Shares with a trade value of AED 7740.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has a decrease by -0.57%, with a total accumulated trade value of AED 26.83 Billion. The number of companies which has achieved a rise in its market price reached 38 out of the 128 listed companies whereas the declined ones are 56 companies.
As of today the Telecommunication sector index has the lead over the other indices, with highest increase of 4.8038% to settle at 3358.24compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 1.39% to settle at 4908.52 points. Followed by the Consumer Staples sector index with an increase of 0.90% to settle at 1936.01 points. Followed by the Industrials sector index with a decrease of -2.3% to settle at 949.486 points. Followed by the Transportation sector index with a decrease of -2.7% to settle at 3240.15 points. Followed by the Services sector index with a decrease of -3.2% to settle at 1344.39 points. Followed by the Banks sector index with a decrease of -3.4% to settle at 2782.09 points. Followed by the Energy sector index with a decrease of -3.9% to settle at 68.4028 points. Followed by the Fin/Investment sector index with a decrease of -4.4% to settle at 3407.32 points. Followed by the Insurance sector index with a decrease of -4.9% to settle at 1210.05 points.