A.SREENIVASA REDDY (ABU DHABI)
The UAE stock markets saw mixed trading on Monday, with Abu Dhabi Securities Exchange (ADX) ending in positive territory while Dubai Financial Market (DFM) reported a small fall.
The general index of ADX (FADGI) saw a rise of 0.161% to reach 9453.75 points. It reported a total of 22,693 trades involving 378 million shares with a total value of Dh1.46 billion.
The trading session saw share prices of 33 companies rise, while 36 companies experienced a decline. Additionally, 13 companies closed unchanged compared to their previous closing prices. The market capitalisation of listed companies at ADX reached Dh2.893 trillion.
Apex Investments(+8.2%), International Holding Company (IHC) (+074%), Alef Education Holding (+0.85%) are among the prominent gainers while Alpha Dhabi Holding (-1.16), Modon Holding (-2.33) and Multiply Group (-0.44%) are among the prominent losers in the stock market on Monday.
In the Dubai Financial Market (DFM), the general index (DFMGI) saw marginal fall of 0.05% to close at 4,434.06 points. The trading session witnessed 8,158 trades involving 135 million shares with a total value of Dh297 million. Combined market capitalisation of listed companies at DFM reached Dh746 billion at the end of the trading.
The trading session saw prices of 19 companies rise, while 19 companies experienced a decline. Additionally, nine companies closed unchanged.
Orascom Construction (+3%), Nasdaq(+1.77%) and GFH Financial Group (+1.63%) are among the top gainers while International Financial Advisers (IFA) (-10%) Shuaa Capital (-6.4%), Takaful Emarat (-5.94%) are among those who experienced declines.
In the Gulf, all bourses except ADX reported falls in Monday trading over rising geo-political tensions and falling oil prices.