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00:00Welcome to the first session of the UAE markets for this week, which coincides with the opening of the global markets.
00:29The impact of the global markets on the UAE markets and some of the domestic news.
00:38But how will the trading go?
00:40At the end of the first session of the trading for this week, we have the Dubai market with a 20-point difference, ending at 4167 points.
00:51Fudsi Abu Dhabi loses almost half of the 100 points and ends at 9075 points.
00:58There will be a detailed statement on the closing figures with more analysis of the session performance and its news.
01:04But always at the beginning, we remind you of the main headlines of the markets.
01:08In the 22nd of April, Assom Parking will be the first company to be listed in 2024 in the Dubai market, the Islamic market and the industrial sector.
01:32The Kuwaiti financial institution, EFA, agreed to distribute 12.5% of the company's current capital, which will be the company's capital after adding 30 million dinars.
01:52According to the Central Bank of Qatar, the value of the existing banks in Qatar has increased since 2024 by 5.6% annually to about 1.9 trillion dinars.
02:10Let's see how the UAE index movement was during the course of this session and how it ended in the end of the trading.
02:30The Dubai market opened with some stability at 4190 points. It continued to rise and gave us some indications of its commitment to the rise at 4200 points.
02:43It remained for a limited period of time, then the market returned and tested more opportunities to fluctuate.
02:50Then, from the last third of the session, it began to take a different path and the market began to decline, leading to a decline of about 20 points, which was recorded at 4200 points.
03:04But let's move on to the session activity. Today, the market invested in the real estate share of the UAE, which is close to 60 million shares, with a tendency to rise to the market value of about half a point.
03:16The investment recorded earnings next to this activity with 35 million shares. Diyar was on a 1% decline and recorded activities of more than 23.5 million shares.
03:28The Kuwaiti holding was also on an activity of about 14.5 million shares, in addition to its rise as a market value of 2.5 points.
03:38The UAE held the leadership share of the UAE and closed at a price of 38 pence, and achieved activities of more than 12 million shares, with the company's commitment that it will commit to the restoration and maintenance of all victims due to the floods and floods that came to the city of Dubai.
03:58All of this, of course, will be accounted for additional costs in the hands of the company later, but the biggest winners today in the international Dubai market are 10% of the earnings, 6.4% of the national and international holdings.
04:13The Gulf of Melah rose 3.6%, the symbol of investment and development 3.3% of the earnings. Losses amounted to 3% of the Dubai Commercial Bank's debt.
04:25Of the withdrawals, the holding education lost 0.18%. The UAE withdrew 0.18% of its total shares of communications, and the Dubai financial market was at a loss.
04:36Let's move on to the UAE capital market, Abu Dhabi, and how the withdrawals began, 0.5% of the withdrawals, as was the case in the beginning of the trade.
04:45As the Dubai market rose, the index rose by 9,150 points, but the long-term withdrawal of the session was followed by some kind of calm, and the market continued in a horizontal frame.
04:59As we can see, the UAE withdrew with the end of the session, with a difference of 0.5 points. How did this reflect on the activity of the session, and which of the shares caused this behavior?
05:09The investment light recorded 175 million shares of trading, with earnings of 9.5 points as a market value.
05:18Sudanese telecommunications had a 3% rise, and about 50 million shares of trading. Multiply was also on the list of activities with limited trading on the market value.
05:29Real estate houses and the Phoenix Group were among the active stocks in the capital market, Abu Dhabi.
05:35The largest winners in the East, Cement, rose by 14%, with the investment light at 9.5 points.
05:41The Phoenix Group, Cement, and Sudanese telecommunications were all winners, with an average of 4% in most of them.
05:50The biggest losers were Invest Cut Investment, with 6.25 points.
05:54Al-Fadhabi Al-Qabida lost 5%.
05:57Al-Qabida Foods withdrew 4%.
05:59Al-Qaim Al-Cement Al-Abid lost 3.8 points.
06:02And E7 withdrew 3.5 points.
06:12Al-Fadhabi Al-Cement Al-Abid lost 3.8 points.
06:16Many news are related to the share of the leading construction company in its sector and in the Dubai market.
06:22Today, the share recorded a rise with the closure of the crisis by 10.1 points.
06:27It only added close to 1 Pounds to end it at 38 Pounds.
06:31The company announced that on April 22, it will hold a general meeting to discuss the distribution of profits of its shareholders.
06:41In total, it will reach 4.4 Billion Dirhams or 50% of the company's capital.
06:48The company recorded a rise in profits in 2023 by 70% to 11.6 Billion Dirhams
06:58compared to 6.8 Billion Dirhams in 2020.
07:03Now, let's move to the share of the Dubai Financial Market.
07:06Let's move to Parking, where the Dubai Financial Market was announced.
07:11Parking joined the General Market Report, the Islamic Market Report, and the Industrial Market Report as of today.
07:17The company's shares were listed in the Dubai Financial Market in March as the first company to be listed in the market in 2024.
07:26In total, Parking's shares were listed at 259 Billion Dirhams,
07:32exceeding the listed shares' value by almost 165 times.
07:38The share of Al-Hiyad was listed at 2.82 Dirhams.
07:42Now, let's move to Qatar and the Doha Bank.
07:45Today, the share of Al-Hiyad closed at 1.49 Dirhams.
07:52I would like to remind you that Al-Hiyad's profits rose 11% in the first quarter of this year on an annual basis,
07:58reaching 231 Billion Qatari Riyals, which is better than expected.
08:04This was supported by a 2.7% increase in the value of loans and contracts,
08:09reaching 75.2 Billion Riyals.
08:13The share of Al-Qabda was listed at 18.10 Dirhams.
08:17Al-Qabda was awarded to the company by the General Assembly on the expansion of the Board of Directors
08:23by not allocating profits in 2023, which is the 7th year in a row.
08:28Al-Qabda was also awarded to the General Assembly on the expansion of the Board of Directors
08:34by not allocating profits in 2023, which is the 7th year in a row.
08:40Al-Qabda was also awarded to Qatar, which is the largest company in terms of capital,
08:47to all the buildings and businesses, including the Unified Investment Fund,
08:51which showed losses in the fourth quarter of the previous year.
08:55The losses reached almost 120 Billion Qatari Riyals,
08:59contributing to a decrease in the annual profit value to about 100 Billion Qatari Riyals,
09:05as we can see, it closed at 802 Qatari Dirhams, with a return of 18.10.
09:12And we stay in Qatar, and to Qatar for the cement industry,
09:15which contributed a 14.00 return, and helped the company reduce its net profits in the first quarter of this year,
09:21with a return of 20% per annum,
09:24and reached 51.400.000 Qatari Riyals,
09:29with a return of 17.10 to 106.000.000 Qatari Riyals.
09:35Of course, we are talking about Qatar Cement, and now we move to another shareholder,
09:41Kuwait, and IFA,
09:44which agreed with the Board of Directors in the international financial consultancy sector
09:49to allocate 12.50% of the current company's capital,
09:54as the company agreed to increase its capital,
09:57which is 60% of the current company's capital,
10:00to 48.000.000 Qatari Riyals,
10:02in exchange for 30.000.000 Qatari Riyals.
10:04The share ended up at 5.700.000 Qatari Riyals.
10:09And we stay in Kuwait, and this time to the Kabilat,
10:13which agreed with the Board of Directors in allocating 65% of the current company's capital,
10:20which is 65.000.000 Qatari Riyals,
10:23in exchange for 23.000.000 Qatari Riyals.
10:26Kabilat lost 41.000.000 Qatari Riyals,
10:29and ended up with 258.000.000 Qatari Riyals.
11:50Kabilat lost 41.000.000 Qatari Riyals,
11:53and ended up with 258.000.000 Qatari Riyals.
12:00We will discuss the Emirates' market closures
12:03in the first round of international sessions this week,
12:05with my colleague Nada Abdussalam.
12:07Welcome, Nada.
12:08How do you describe the market situation today,
12:11and what about the construction share?
12:13As for the company's distribution,
12:15the share did not move much,
12:17with only 1% of the company's profits.
12:24Good evening, Rola.
12:25Today's markets were different.
12:29The Dubai or Abu Dhabi market indicators
12:32showed a kind of difference during the session,
12:35although both markets closed in the red zone.
12:38Rola, as we follow.
12:40In the beginning, we talked about the construction share,
12:42a general share for the company,
12:44which was proposed by the Board of Directors
12:47for 50% of the company's profits.
12:50As we mentioned, the company doubled this share in the morning.
12:54The share, with the opening of this session,
12:56was at a high level.
12:57But, Rola, let me remind you that during the past week,
13:00the Emirates' markets were in the red zone
13:02in most of the sessions.
13:04This led to 1.6% for the Dubai market
13:06and 1.2% for the Abu Dhabi market.
13:08Therefore, the construction share was one of the shares
13:11that faced revocations during the past week.
13:14With the opening of this session,
13:16we started to rise,
13:17maybe exceeding 1% or more than 1% with this session.
13:21After that, there was a kind of stability on the share.
13:25Then, it rose again,
13:27but as I mentioned, very slightly.
13:29The construction share is mentioned
13:31because it reached 7.8% and 50%
13:35during the past period.
13:37Rola is still maintaining the 8% level.
13:39This means that the damages were of a very important psychological level
13:42for the users.
13:43Therefore, in terms of art,
13:45Rola still has good levels.
13:48However, this kind of stability
13:51is due to the construction of Rola
13:53on other of the listed shares in general.
13:56However, the observation regarding the construction share of Rola
13:59is that if liquidity entered,
14:02the trading value of this share
14:04became slightly higher
14:06than what we are used to in the last three months.
14:09Therefore, it pushed the positive movement
14:11towards the end of the session
14:13in this light form that Rola referred to.
14:15This is related to the construction share.
14:17Regarding the UAE markets,
14:19unfortunately, today we reached
14:21or were ready to reach 4,200 points.
14:23However, with the pressures that appeared
14:25on many of the shares of the financial sector,
14:27and here, of course, we are talking about
14:29the leadership of the UAE,
14:30the national Dubai,
14:31with a decline of more than 1%,
14:33although the session also started to rise
14:35as did many of the shares of the banking sector.
14:37However, we lost again the 4,200 points levels.
14:41This level, of course,
14:43we have been trying to reach it
14:45during the last period of several sessions,
14:47and we remained without it,
14:49showing more weakness of Rola.
14:51On the other hand,
14:53we also lost the 9,100 points level.
14:55The Abu Dhabi market, as you know,
14:57during the last period,
14:59we lost more than a level.
15:01Since the beginning of this year,
15:03we started with about 9,400 points,
15:05and now we are losing
15:07a level of 9,100 points,
15:09more than 400 points.
15:11We have lost Rola since the beginning of this year,
15:13and also more weakness in Yassar.
15:15But the other change is that
15:17there is an activity in the banking sector
15:19in the Abu Dhabi market,
15:21a competition for the results of the banks' business.
15:23During this week,
15:25many announcements were made
15:27by the banking sector
15:29about the results of the business.
15:31The last year has had an impact
15:33on the investors' decisions
15:35in the UAE markets.
15:37Here, we are talking about Rola
15:39and a number of shares of the insurance sector.
15:41Today, it has been very active,
15:43and also during this week,
15:45we have a number of shares,
15:47a number of companies,
15:49which are following their generalities
15:51to approve the distributions
15:53or not to distribute profits
15:55from the last year.
15:57Of course, and I thank you
15:59We will now stop for a short break
16:01and then continue our tour
16:03in the market.
16:29We will now stop for a short break
16:31and then continue our tour
16:33in the market.
16:59These companies are the first
17:01of its kind to target the integration
17:03of financial services in accordance
17:05with Islamic law in digital transactions
17:07on a daily basis.
17:09We are talking about providing this type
17:11of services to the banking sector,
17:13what is the nature of the products
17:15that can be subsidized for the customers,
17:17and about extending it after that
17:19to other sectors or companies
17:21in financial services.
17:23I have with me Mr. Abdullah Abu Elsheikh,
17:25founder of Astratec,
17:27welcome.
17:29This is perhaps the first partnership
17:31with the banking sector,
17:33but tell us,
17:35for those who do not know
17:37what is the nature of this cooperation
17:39to provide financial services
17:41to certain financial products
17:43with the banking sector,
17:45in partnership with business companies,
17:47it may seem to many
17:49that it only provides communication services.
17:51Hello, Siti.
17:53Thank you for your question.
17:55Today, with the Islamic Bank of Abu Dhabi,
17:57we are launching this service.
17:59It is not the first financial service
18:01that we have in Astratec.
18:03We have PayPay,
18:05a subsidized company
18:07from the Central Bank of the State,
18:09which offers services
18:11for e-wallets,
18:13e-credit cards,
18:15as well as services
18:17for transferring money
18:19from and to outside the state.
18:21Our partnership with the Bank of Abu Dhabi
18:23will now enable us
18:25to launch new products,
18:27including card services,
18:29bank account opening services,
18:31Islamic loan services,
18:33and other services
18:35that users may need
18:37from the financial system.
18:39Does this mean
18:41that you are multi-specialized
18:43and not just a provider
18:45or provider of communication services?
18:47Yes.
18:49Since the beginning of last year,
18:51since the acquisition
18:53of Botim
18:55through these companies,
18:57we started providing
18:59financial services
19:01and we have become
19:03the largest provider
19:05of services in the state.
19:07Everyone in the UAE
19:09knows that there are
19:11rules for the use
19:13of Botim products
19:15in the state.
19:17Does this mean that if we want
19:19to launch other services,
19:21will these fees be raised?
19:23The fees will be raised
19:25about a year and a half ago.
19:27Botim is now completely free
19:29for all users.
19:31Any user who paid
19:33for the fees
19:35can cancel
19:37the paid service
19:39and continue using the app
19:41for free.
19:43No one needs to pay
19:45to use Botim
19:47for communication.
19:49As for the financial services,
19:51the cost of these financial services
19:53will be through the service itself
19:55or it will be a fee
19:57for the service itself
19:59and not by paying subscriptions
20:01and so on.
20:03Are the types of services similar
20:05to those of exchange companies?
20:07We are one of the largest providers
20:09of money transfer services
20:11abroad.
20:13Of course,
20:15our services are much cheaper
20:17than that of exchange companies
20:19because we do not have the high costs
20:21that exchange companies
20:23may have to bear
20:27whether they have branches
20:29or very high costs
20:31through people and the number of employees
20:33and so on.
20:35We do not have these costs
20:37and we can offer services
20:39much cheaper and faster
20:41than exchange companies.
20:43Many companies in the region,
20:45such as Egypt,
20:47work in the same sector
20:49to enter the financial market
20:51through an offer,
20:53and it really exists
20:55and at the beginning
20:57it was a very clear leap
20:59as a kind of diversification
21:01in the advanced sectors.
21:03Do you have an intention
21:05to offer in the financial market?
21:07Of course,
21:09the offer is always
21:11useful for investors
21:13and for companies.
21:15We do not have a direct plan
21:17for the offer,
21:19but these ideas are always present
21:21and when the time is right
21:23for our investors
21:25and for our users,
21:27God willing,
21:29there will be a serious thinking
21:31on the subject.
21:33We wish you all the best.
21:35Thank you,
21:37Mr. Abdullah Abu El-Sheikh,
21:39and you are the founder
21:41of Astratech
21:43and the CEO of Boutime.
21:45Thank you.
21:49Let's go to the latest data
21:51for the Central Bank of Qatar,
21:53where the value of the existing
21:55bank accounts in Qatar
21:57at the end of the first quarter
21:59of this year reached 5.6%
22:01on an annual basis,
22:03up to about $1.9 trillion.
22:05Let's continue.
22:09Astratech
22:11Contrad
22:13Accounts
22:15and Proximity
22:19Akhter
22:29on what happened to the interest rates for the Qatari banking sector, how it developed and how it supported the performance of this sector.
22:37We began to notice in the statement when the interest rates were at stable levels in 2022,
22:46but behind the back of the banks of the Central Bank of Qatar to the US Federal Reserve through the increase in interest rates,
22:53with the aim of adjusting inflation, we saw how the interest rates rose to stable levels in the last year, in 2024.
23:04But looking at the total amount in the Qatari banks, it is at the highest level ever,
23:12with a record of 1.9 trillion Riyals, and the increase rate was more than 5.16 percent.
23:21Of course, the local currency acquired the largest share at 1.627 trillion Riyals.
23:29In the rest of the data, of course, these numbers were supported by the increase in local confidence and the increase in foreign investment in the banks.
23:38Here, when talking about the loans of the banking sector, it grew by 14.3 trillion Riyals.
23:49The general sector acquired the largest share at 5 percent.
23:54Consumer loans recorded a rise of 10 percent, which is a very high level.
23:59However, there was a clear decline in terms of real estate loans.
24:05But what about the total deposits in the Qatari banking sector?
24:10The first quarter of the current year has more than a trillion Riyals, which is 16 percent higher than the previous quarter.
24:19The general sector acquired 11.16 percent, the private sector 3.14 percent, and finally non-residents 5.14 percent.
24:34But let's go back to talking about the critical situation of the Qatari banks in general.
24:40Local liquidity at the highest level at all, with an increase of 742 billion Riyals.
24:47Non-residents grew by 19 percent at 944 billion Riyals, while non-residents only recorded a decline of 400 billion Riyals.
25:00In the rest of the data for the Qatari banks, we talk about net profits and results.
25:06The results grew by about 8 percent, with a record of 28.5 billion Riyals.
25:12The National Bank of Qatar acquired the largest share at 8 percent of the results.
25:18The Islamic Bank of Qatar has about 7.5 percent, and finally the Commercial Bank at 7 percent.
25:26So, the profitable prices have drawn the path of the banking and financial sector for the Qatari banks.
25:42This brings us to the end of the market path for these two sessions.
25:45This is my greeting to Nawrullah Taran and the program team.
25:48Goodbye.
25:56Thank you.