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Emirates Securities Market up by 0.24 percent

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ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has increased by 0.24% to close at 4469.04 points. Accordingly the Market Capitalization has gained AED 1.75 billion attaining AED 724.94 billion. A total of 442.36 Million Shares were traded with a total value of AED 0.64 billion during the trading session of 04-05-2016 through 7443 transactions.
The number of companies which has been traded is 64 out of 128 companies listed in the market. Shares for 25 companies were advanced, whereas shares for 31 companies were declined and the rest remained unchanged.
Emaar Properties came at the top of the most active companies with a trade value of AED 106.45 million distributed over 17.15 Million Shares through 847 transactions. Arabtec Holding Company came at the second top of the most active companies with a trade value of AED 65.14 million distributed over 44.92 Million Shares through 714 transactions.
Sharjah Islamic Bank shares has achieved the highest increase in the price which closed at AED 1.55 with 8.39% increase during the trading of 1.46 Million Shares with a trade value of AED 2.24 million. Whereas Gulf Pharmaceutical – JULPHAR shares Increased by 8.11% to close at AED 2.40 during the trading of 242.14 Thousand Shares with a trade value of AED 0.58 million.
Abu Dhabi Ships Building has achieved the lowest decline by -9.69% to close at AED 2.61 during the trading of 50 Shares with a trade value of AED 130.5. Followed by Takaful Emarat which dropped by -7.57% to close at AED 1.71 during the trading of 342.4 Thousand Shares with a trade value of AED 0.58 million.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 4.421%, with a total accumulated trade value of AED 77.45 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 50 companies.
As of 04-05-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 19.1918% to settle at 3819.28compared to 3204.32 points by the end of last year. Followed by the Energy sector index with an increase of 11.8% to settle at 79.6772 points. Followed by the Services sector index with an increase of 7.96% to settle at 1499.88 points. Followed by the Real estate sector index with an increase of 7.53% to settle at 5205.67 points. Followed by the Consumer Staples sector index with an increase of 5.82% to settle at 2030.31 points. Followed by the Fin/Investment sector index with an increase of 1.61% to settle at 3625.35 points. Followed by the Transportation sector index with a decrease of -3.0% to settle at 3230.62 points. Followed by the Banks sector index with a decrease of -3.6% to settle at 2776.95 points. Followed by the Insurance sector index with a decrease of -4.6% to settle at 1213.84 points. Followed by the Industrials sector index with a decrease of -5.6% to settle at 917.373 points.

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