Emirates Securities Market up by 0.30 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has increased by 0.30% to close at 4498.17 points. Accordingly the Market Capitalization has gained AED 2.2 billion attaining AED 729.66 billion. A total of 0.76 Billion Shares were traded with a total value of AED 0.91 billion during the trading session of 22-03-2016 through 8596 transactions.
The number of companies which has been traded is 60 out of 128 companies listed in the market. Shares for 34 companies were advanced, whereas shares for 14 companies were declined and the rest remained unchanged.
Union Properties came at the top of the most active companies with a trade value of AED 209.89 million distributed over 240.1 Million Shares through 1698 transactions. Gulf Finance House came at the second top of the most active companies with a trade value of AED 114.21 million distributed over 134.98 Million Shares through 1143 transactions.
Gulf Medical shares has achieved the highest increase in the price which closed at AED 2.59 with 14.60% increase during the trading of 15 Thousand Shares with a trade value of AED 38.85 Thousand. Whereas Sharjah Islamic Bank shares Increased by 6.15% to close at AED 1.38 during the trading of 68.31 Thousand Shares with a trade value of AED 94.86 Thousand.
Fujairah Building Industries has achieved the lowest decline by -9.72% to close at AED 1.30 during the trading of 55 Thousand Shares with a trade value of AED 71.5 Thousand. Followed by Air Arabia which dropped by -8.03% to close at AED 1.26 during the trading of 12.66 Million Shares with a trade value of AED 16.11 million.
Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 5.102%, with a total accumulated trade value of AED 52.81 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 45 companies. As of 22-03-206, the Telecommunication sector index has the lead over the other indices, with highest increase of 14.2317% to settle at 3660.35compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 10.6% to settle at 5354.32 points. Followed by the Consumer Staples sector index with an increase of 8.94% to settle at 2090.24 points. Followed by the Fin/Investmen» sector index with an increase of 8.27% to settle at 3863.18 points. Followed by the Services sector index with an increase of 4.69% to settle at 1454.42 points. Followed by the Energy sector index with a decrease of -0.7% to settle at 70.7007 points. Followed by the Banks sector index with a decrease of -1.2% to settle at 2844.46 points. Followed by the Industrials sector index with a decrease of -1.4% to settle at 957.893 points. Followed by the Transportation sector index with a decrease of -1.5% to settle at 3282.11 points. Followed by the Insurance
sector index with a decrease of -3.1% to settle at 1232.61 points.