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00:23 the market.
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04:39 in the Saudi market.
04:42 Of course, the group retreated in all the markets they are in.
04:46 In its market, OM lost 10%.
04:49 But in Abu Dhabi, the UAE, it returned about 3% and the same is the case in the Dubai market.
04:55 Kuwait was 1% higher as a result of the announcement by the Group and the holding investment company.
05:01 The talks on the acquisition of investment and investment governance continued.
05:07 The discussions are ongoing to put the last touches on the form of the deal and the agreement on it.
05:12 I remind you that the talks between the two companies began on March 6.
05:18 According to a previous statement by the holding investment company, the total loss from the capital was about 110% at the end of 2003-20.
05:29 Let's move to another share and talk about the holding company, Berjil. On April 15, it was the date of the acquisition of the holding Berjil distributions of about 12.5% from the second half of 2023.
05:44 Therefore, today's session was for these acquisitions.
05:48 The share returned 13% points.
05:51 We will now go to another share and follow you.
05:57 Of course, Agility, and it seems that today was the last day of the acquisition of 10% of the shares of Agility.
06:05 We find it in the Kuwaiti market, which returned 4.5 points, while in the UAE market, it recorded 11.5 points.
06:14 I go to Abu Dhabi Airlines.
06:16 We have a 1% share return after the general discussion. Tomorrow, the proposal is to distribute profits of about 111 million dirhams by 2023.
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07:55 We will now follow the latest developments in the trading of the session today in the UAE markets with Neda Abdel Salam,
08:02 who is our co-host.
08:04 I would like to welcome you, Neda.
08:06 The session that will take place immediately after the long break.
08:10 How do you rate it?
08:12 Did it return to a clear activity, especially since we saw that some shares rose today in the limit up in the session?
08:18 Good evening, Rola.
08:22 The session was, in general, good.
08:25 Although the session was based on very limited returns, the Abu Dhabi market indicator was returned,
08:31 and the Dubai market indicator was returned by more than 1%.
08:35 Perhaps it was a quick reading or fear from a number of investors in the UAE markets due to geopolitical tensions in the Rola region.
08:45 But the direction of the indicators changed quickly during the session.
08:50 Before the middle of the session, we saw a return to the Abu Dhabi market and a return of 9,200 points quickly,
08:58 with the support of the electronic liquidity that entered the UAE markets in both markets.
09:03 Since we are talking about the Abu Dhabi market, we are talking about 1.3 billion dirhams of liquidity during this session.
09:12 This liquidity is good compared to the mid-month of last Ramadan,
09:16 which was in some sessions of liquidity without the 1 billion dirhams as you can see, Rola.
09:21 As for the Dubai market, although it closed on returns, it was a lot of morning returns with more than 1%.
09:29 It closed on a semblance of stability and also returned the 4,200 points that it lost at the beginning of this session.
09:37 But within the indicators, many of the things that we will observe, Rola,
09:42 you told me a little about Agility, Agility today is the last trading session,
09:45 you talked about the steep share in the Dubai market, the last trading session with the acquisition,
09:51 tomorrow, of course, the trading session will be held without the acquisition.
09:54 This is the scene we saw on many stocks.
09:57 We may see or observe Agility during the session tomorrow,
10:00 it may be exposed to quick profit-making processes after its rise today by more than 11% at the end of this session.
10:07 Another group of stocks is the Eomar share, Eomar today,
10:10 and we are talking about this high liquidity, we mentioned it in the Abu Dhabi market,
10:14 but it was also high in the Dubai market, we are talking about the level of over 600 million dirhams in the Dubai market.
10:21 One Eomar share acquired more than a third of this liquidity, we are talking about 224 million dirhams,
10:31 which was acquired by Eomar share only during the session,
10:34 but it was a liquidity or a pressure, and there was a sale on this share,
10:40 although it still maintains at the levels of 8.40 Dara,
10:45 and also a lot of the returns we saw on this share since the session started,
10:51 we are talking about less than 1% returns, but the values of the trading sessions were very noticeable.
10:57 We will observe Eomar share during the next sessions,
11:00 and we will observe the entire real estate sector as a whole and the entire banking sector as a whole,
11:04 because in the Dubai market, we are talking about, they were pressing some things during this session,
11:09 although the banking sector was more than the real estate sector.
11:12 Another group of shares is the Multiply share,
11:15 this share has positive movements in the last period,
11:19 today we found a rise during the session of more than 12%,
11:23 we learned that this share, when we looked at it,
11:26 since the end of 2022, it has only reached the levels of 5 Dara,
11:31 and since then there has been a downward wave,
11:34 and today we are talking about, or during the period in Ramadan,
11:39 the share started to rise, with noticeable increases during this period,
11:44 we will observe this share because the trading averages are high compared to the three-month averages,
11:51 today we are talking about more than 120 million Dara on the share,
11:55 the average of this company is 60 million Dara.
11:58 Nada, you mentioned that there are two sectors that are pressing on the real estate and banks markets,
12:04 which banking sector today, maybe from now and even the release of the financial results for the first quarter of this year,
12:12 maybe we will witness an acceptance of it or a preservation of the share on it?
12:16 Today this issue appeared on the Islamic Dubai Bank,
12:23 we were referring to a company called Eomar, which had directly in the values of the Islamic Dubai,
12:30 this is the share that investors prefer in the last period, as we see,
12:34 whether the matter that appeared on the levels of the share or even the values of the exchanges,
12:39 also during many sessions, we witness a kind of rise, and other than the shares,
12:46 the shares of the banking sector preferred by investors are mostly present in the Dubai market at the moment,
12:53 if we compare the performance of the shares in the Dubai market to the Abu Dhabi market,
12:57 they are superior in the Dubai market.
13:00 As you mentioned the banking sector, we have during this week a general issue for the Ajman bank,
13:06 this bank was witnessing a kind of positive movements,
13:09 not in the current year, but we have seen these movements during 2023,
13:14 but the bank, despite the stupid distribution that the banks made in the UAE markets in 2023,
13:23 the general of the Ajman bank will look in the suggestion of the board of directors,
13:27 not to distribute the profits,
13:29 to any extent this bank will also move during the current week and the next period,
13:35 since it has seen positive movements during the last year,
13:38 and it was really noticeable, it is one, even if this bank is small,
13:42 but the banking sector in general in the last period,
13:46 after the distribution processes and the announcement of the results of the past year,
13:52 it started to witness a calm in the momentum of attracting liquidity and acquiring liquidity in the UAE markets,
14:00 the real solution was the real estate sector,
14:02 and therefore, can the real estate sector continue during this period,
14:06 before the announcement of the results of the first quarter of the current year in acquiring and evaluating the developments in the UAE markets,
14:13 or can we witness a return to the huge performance of the banking sector,
14:17 we will certainly follow this matter.
14:19 Thank you Nada for this follow-up and for this explanation in more detail.
14:25 We will stop with a short break and then we will continue with you what happened to the market during this two days.
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14:58 We will continue with you our viewers in an interview with the Arab CNBC,
15:02 the Secretary General of the Council of Emirates for Foreign Investors, Jamal Al-Jarwan,
15:07 said that the expected growth of the UAE economy by about 4.3% during the current year,
15:13 is a good thing in the face of the crises that the world is facing today.
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