LAMEES OBEIDAT (ALETIHAD)
Closing at 9518.83 points, the Abu Dhabi Securities Exchange (ADX) experienced a slight 0.334% decrease Tuesday, revealing the nuanced nature of market dynamics. The day witnessed a substantial 19,860 trades, accumulating an impressive Dh1.46 billion in total value. A total of 78 companies actively participated in the day's trading session.
Within this dynamic environment, the stock market showcased a diverse range of movements, with 23 stocks observing an upward trajectory, 40 facing declines, and 15 remaining unchanged. Notable among the top performers were PHX Minerals Inc, concluding at Dh2.18 with a noteworthy 5.83% increase, and Ooredoo QPSC, closing at 10.9, marking a 5.21% ascent.
On the flip side, Union Insurance Co PSC recorded a closing price of 0.621, signaling a 10% decline, while Commercial Bank International PJSC closed at 0.593, down by 9.88%, marking the lowest prices of the day.
Simultaneously, the Dubai Financial Market (DFM) concluded the day at 4,168.43 points, exhibiting a marginal 0.05% decrease. The marketplace demonstrated robust activity, with a total of 7,549 trades amounting to Dh346.7 million in value.
Leading the gainers were Takaful Emarat Insurance PJSC, experiencing a substantial 14.92% surge to Dh0.832, and Mashreqbank PSC, closing at Dh190.250, reflecting a notable 13.24% increase.
In contrast, the day's lowest prices were observed in Al Firdous Holdings PJSC, which faced a decline of 8.57% to Dh0.320. Commercial Bank of Dubai P.S.C. marked a 6.37% decline, closing at Dh5.