Emirates Securities Market up by 1.30 percent

ABU DHABI / EMIRATES BUSINESS

The Emirates Securities Market Index has increased by 1.30% to close at 4482.71 points. Accordingly the Market Capitalization has gained AED 9.31 billion attaining AED 727.15 billion. A total of 0.54 Billion Shares were traded with a total value of AED 0.74 billion during the trading session of 2016-03-30 through 6705 transactions.
The number of companies which has been traded is 60 out of 128 companies listed in the market. Shares for 40 companies were advanced, whereas shares for 13 companies were declined and the rest remained unchanged.
AL Dar Properties came at the top of the most active companies with a trade value of AED 70.83 Million distributed over 26.09 Million Shares through 443 transactions. Emirates National Bank of Dubai came at the second top of the most active companies with a trade value of AED 56.22 Million distributed over 7.21 Million Shares through 23 transactions.
SHUAA Capital shares has achieved the highest increase in the price which closed at AED 0.58 with 14.94% increase during the trading of 69.4 Million Shares with a trade value of AED 37.95 Million. Whereas Oman Insurance Company shares Increased by 13.33% to close at AED 1.70 during the trading of 2990 Shares with a trade value of AED 5083.
Abu Dhabi Ships Building has achieved the lowest decline by -7.77% to close at AED 2.85 during the trading of 32.78 Thousand Shares with a trade value of AED 93.21 Thousand. Followed by Sharjah Islamic Bank which dropped by -7.14% to close at AED 1.30 during the trading of 0.82 Million Shares with a trade value of AED 1.07 Million. Since the beginning of the year, the percentage change in the Emirates Securities Market index has an increase by 4.741%, with a total accumulated trade value of AED 55.84 billion. The number of companies which has achieved a rise in its market price reached 58 out of the 128 listed companies whereas the declined ones are 49 companies. As of 30-03-2016, the Telecommunication sector index has the lead over the other indices, with highest increase of 16.4175% to settle at 3730.39compared to 3204.32 points by the end of last year. Followed by the Real estate sector index with an increase of 9.04% to settle at 5278.50 points. Followed by the Fin/Investment sector index with an increase of 9.02% to settle at 3889.64 points. Followed by the Consumer Staples sector index with an increase of 5.71% to settle at 2028.30 points. Followed by the Services sector index with an increase of 3.47% to settle at 1437.52 points. Followed by the Energy sector index with an increase of 0.11% to settle at 71.3032 points. Followed by the Transportation sector index with a decrease of -1.7% to settle at 3273.61 points. Followed by the Insurance sector index with a decrease of -2.3% to settle at 1243.35 points. Followed by the Banks sector index with a decrease of -2.3% to settle at 2813.74 points. Followed by the Industrials sector index with a decrease of -5.0% to settle at 923.529 points.