Emirates Securities Market up by 0.62 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has increased by 0.62% to close at 4563.26 points. Accordingly the Market Capitalization has gained AED 4.53 billion attaining AED 740.22 billion. A total of 1.97 billion shares were traded with a total value of AED 2.32 billion during the trading session of 07-03-2016 through 20575 transactions.
The number of companies which has been traded is 71 out of 128 companies listed in the market. Shares for 38 companies were advanced, whereas shares for 26 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 0.64 billion distributed over 365.91 million shares through 4472 transactions. Union Properties came at the second top of the most active companies with a trade value of AED 195.25 million distributed over 224.55 million shares through 1863 transactions.
National Marine Dredging Co shares has achieved the highest increase in the price which closed at AED 5.23 with 14.95% increase during the trading of 4907 Shares with a trade value of AED 25.11 Thousand. Whereas Union Properties shares Increased by 14.43% to close at AED 0.91 during the trading of 224.55 million shares with a trade value of AED 195.25 million.
AXA Green Crescent Insurance Company has achieved the lowest decline by -9.01% to close at AED 1.01 during the trading of 41 Thousand Shares with a trade value of AED 41.41 Thousand. Followed by Arabtec Holding Company which dropped by -6.56% to close at AED 1.71 during the trading of 365.91 million shares with a trade value of AED 0.64 billion. Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 6.623%, with a total accumulated trade value of AED 40.81 billion. The number of companies which has achieved a rise in its market price reached 59 out of the 128 listed companies whereas the declined ones are 40 companies.
As of 07-03-2016 the Telecommunication sector index has the lead over the other indices, with highest increase of 17.8053% to settle at 3774.86compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 9.59% to settle at 5305.16 points. Followed by the Fin/Investment sector index with an increase of 8.31% to settle at 3864.39 points. Followed by the Energy sector index with an increase of 3.22% to settle at 73.5193 points. Followed by the Consumer Staples sector index with an increase of 3.02% to settle at 1976.57 points. Followed by the Services sector index with an increase of 2.51% to settle at 1424.14 points. Followed by the Transportation sector index with an increase of 1.61% to settle at 3386.55 points. Followed by the Banks sector index with an increase of 0.91% to settle at 2907.07 points. Followed by the Industrials sector index with a decrease of -1.2% to settle at 959.769 points. Followed by the Insurance sector index with a decrease of -4.8% to settle at 1211.03 points.