Emirates Securities Market up by 0.88 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has increased by 0.88% to close at 4718.79 points. Accordingly the Market Capitalization has gained AED 6.68 billion attaining AED 765.45 billion. A total of 0.95 Billion Shares were traded with a total value of AED 1.24 billion during the trading session of 21-04-2016 through 10671 transactions.
The number of companies which has been traded is 68 out of 128 companies listed in the market. Shares for 35 companies were advanced, whereas shares for 23 companies were declined and the rest remained unchanged.
Gulf Finance House came at the top of the most active companies with a trade value of AED 265.16 million distributed over 292.68 Million Shares through 2003 transactions. Arabtec Holding Company came at the second top of the most active companies with a trade value of AED 215.43 million distributed over 123.16 Million Shares through 1271 transactions.
National Industries Group shares has achieved the highest increase in the price which closed at AED 1.90 with 14.46% increase during the trading of 1000 Shares with a trade value of AED 1900. Whereas Umm Al Qaiwain Cement shares Increased by 13.70% to close at AED 0.83 during the trading of 33 Thousand Shares with a trade value of AED 27.39 Thousand.
Abu Dhabi Ships Building has achieved the lowest decline by -6.73% to close at AED 2.77 during the trading of 10000 Shares with a trade value of AED 27.7 Thousand. Followed by Dubai Investment which dropped by -5.46% to close at AED 2.25 during the trading of 22.86 Million Shares with a trade value of AED 51.47 million. Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 10.25%, with a total accumulated trade value of AED 71.65 billion. The number of companies which has achieved a rise in its market price reached 69 out of the 128 listed companies whereas the declined ones are 38 companies.
As of 21-04-2016, the Energy sector index has the lead over the other indices, with highest increase of 24.8205% to settle at 88.8989compared to 71.2214 points by the end of last year. Followed by the Telecommunication sector index with an increase of 20.0% to settle at 3846.21 points. Followed by the Real estate sector index with an increase of 17.7% to settle at 5699.40 points. Followed by the Fin/Investment sector index with an increase of 15.7% to settle at 4127.95 points. Followed by the Services sector index with an increase of 10.2% to settle at 1531.17 points. Followed by the Consumer Staples sector index with an increase of 8.93% to settle at 2089.98 points. Followed by the Banks sector index with an increase of 3.04% to settle at 2968.49 points. Followed by the Transportation sector index with an increase of 0.68% to settle at 3355.34 points. Followed by the Insurance sector index with a decrease of -2.5% to settle at 1240.36 points. Followed by the Industrials sector index with a decrease of -3.2% to settle at 940.400 points.