Dealers in the “Dubai Financial Market” poured out their anger on the arrow of “Emaar Real Estate”, considering that its market value has declined and its inability to rise during the past days a major reason for the remaining shares decline and then the decline in market indicators.
Although a large percentage of small shareholders and investors retains the arrow since its purchase at high prices in the hope that it will return to the level of 20 dirham Other stocks over the past three years.
In addition, Emaar’s shareholders held the responsibility for the reluctance of foreign investments, especially the Gulf, for investing in the UAE stock markets because of their losses in the leadership arrow, which investors explicitly announced on electronic stock forums and during the last annual meeting of the company’s general assembly.
On the other hand, the management of the company – which is one of the largest international companies in terms of market value – refused to bear the responsibility for the decline in the performance of the stock or the market, considering that the exchange of stock exchanges and the influence of local stock markets by the declines of global stock exchanges is a natural matter and no company should be held responsible for the decline in the value of its shares As long as she was achieving good business results.
Analysts emphasized that the presence of a heavy -weight leadership arrow in the market index is existing and normal in the Gulf and international stock exchanges, but they said, “The link between the Dubai Market Index movement and the movements of“ Emaar ”share are relatively less in the current year, as the leadership arrow decreased by a significant rate of more than a percentage Return in the indicator. ”
According to the “Financial Times” classification, Emaar Real Estate is one of the 500 largest companies around the world in terms of market value, and in addition to that, its share is considered one of the most active stocks in local stock markets. The destruction shares and the electronic stock forums witness almost daily comments on the performance of the “Emaar Real Estate” share, the last of which was for the investor, “Youssef. A “which described the stock as” the arrow of destruction “and the” bubble arrow “, which quickly abandoned the few gains he achieved in several sessions, although its price is still at the bottom as if the rise of the stock that does not exceed” philosophers “has become a large bubble that must be It explodes every time, and it is really the result. ”
The Dubai Financial Market Administration data indicate that the arrow of “Emaar Real Estate” was able, during several sessions, and after a long trouble, a number of resistance points exceeded that it reached the price of 11.9 dirham His gains that he obtained until yesterday reached the level of 11.1 dirhams.
Another investor in the name of “Saudi” said through an electronic stock forum: “Frankly, many of Saudi Arabia’s halls refused to enter the Emirates market because of the arrow of” Emaar “and its negative impact on the market track.” While another investor asked: “What is the guilt of those who have shares in 10 companies, and as soon as 50 fils descended for the price of“ Emaar ”, the market is affected in general? Here is the biggest problem. ”
He pointed out that «investors have heard about the arrow’s apostasy two or three years ago, and until now the stock is still sitting in its place, refusing to rise, and even if he got up a little, it will soon fall as it happened in the past days.
He concluded by saying: “The arrow of” Emaar “will remain a” candle “that some use to land the market only, and I really hope that we will get rid of this candle, which stands a great obstacle to the rise of the remaining shares.
As for one of the funniest comments about the arrow, it came from the investor, “Muhannad”, who commented on the attempt of some to promote the arrow by saying that “the permanence of the situation is from the shops and that it is patience for two years. Near the button, “Muhannad commented:” By God, I am afraid, instead of what he trampled on the button, he tramples on the whole market. “
As for the investor, Faris Abu Al -Khair, he claimed that “there are one of the milestones that play on the arrow of“ Emaar ”and collect large quantities of it, and he will not be satisfied with owning only 5%, but it may possess much more than that and with multiple names, and he will not stand at the point From the market, it devises daily new methods to steal the arrow and drag the market with it to the bottom, but it will one day appear and tell you I bought from you gold at the price of dirt ».
Abu al -Khair concluded his speech with a advice to the investors, and he said: “Always remember, whatever happens, it will never be valid except the correct one, and if the train stops one day, month, or public, it must start and everyone will look at it, then they are tightening, hitting the palm of the palm and you will see what is pleased all of you.”
Override obstacles
The Chairman of the Board of Directors of “Emaar Real Estate”, Mohamed Al -Abbar, responded to all the criticisms made by shareholders and investors to the company’s share during the last annual meeting of the General Assembly, and he said: “The company succeeded in overcoming several obstacles in the last fiscal year, including: the mortgage crisis Which affected the markets of many countries, as well as the decline in the price of the US dollar, the lack of building materials and its high cost, as well as the difficulty of finding contractors.
He added that “the decline in the performance of financial markets in general has become a global phenomenon that has occurred in many countries and affected the market value of many shares traded, and the UAE market was not immune to these markets.”
Al -Abbar recounted a number of numbers to confirm that the company’s management of its role in protecting the shareholders ’fund These lands are 74% from 68 billion dirhams to 118 billion dirhams, in addition to their success in selling more than 60% of the real estate units that they launched in global markets, with the exception of the American market that was affected by the mortgage crisis.
He concluded by saying, “The company is currently expanding in a number of foreign countries, and this expansion will be greater than the negative view that some may view the company currently, which seeks to employ any liquidity that it currently has in projects that will benefit the shareholders.”
Shares
For his part, the Executive Director of the Asset Management Group at Shuaa Capital, Haitham Al -Orabi, said that “the presence of the leadership arrow is normal in all stock exchanges – including advanced stock exchanges – for example, the arrow” SABIC “constitutes a percentage of 20% to 30 % Of the relative weight of the Saudi market, and in the American stock exchanges in which the number of shares is more than 15,000 shares, the 30 shares that are included in the Dow Jones index represents the first catalyst for the rise or decline in the market.
Confidence
“Emaar” is the stock that is taken as an indicator of investor confidence in the market performance as a whole, as the largest shares listed in terms of market value, which makes its relative weight in the index calculation heavier Other stocks, and therefore the general index movement is often related to the movement of the leadership arrow.
Pointing out that “despite the disappearance of the arrow of” Emaar “as a leading arrow since the beginning of this year – as the stock has achieved a greater decline than the market index’s decline – and transformed transactions to a number of other active shares, it is difficult at the same time to find another share that affects The index movement is the same as the arrow of Emaar. ”