A.SREENIVASA REDDY (ABU DHABI)
The Abu Dhabi Securities Exchange (ADX) reported two large deals worth Dh210 million involving NMDC Energy and Ghitha Holding even as the stock markets across the region saw the main indices crashing following the rise of geo-political tensions.
Over 49 millions shares of NMDC Energy worth Dh147 million were traded in a single transaction. The shares of the company were recently listed on the ADX.
The general index of ADX — FADGI — fell by 1.003% to reach 9213.74 points. It reported a total of 28,733 trades involving 448 million shares with a total value of Dh1.885 billion. The combined market capitalisation of all ADX listed companies reached Dh2.843 trillion.
The trading session saw share prices of 19 companies rise, while 48 companies experienced a decline. Additionally, 13 companies closed unchanged compared to their previous closing prices.
Apex Investment (+2.51%), Hayah (+14.4%) and National Corporation for Tourism and Hotels (NCTH) (+2.68%) are among the prominent gainers while Aldar (-2.74), Multiply Group(-1.27), Gulf Medical Projects Company (GMPC) (-7.41), RAK Co.for White Cement and Construction (RAKWCT) (-7.08) are among the losers in the stock market on Thursday.
In the Dubai Financial Market (DFM), the general index (DFMGI) was down by 0.95% to close at 4,398.27 points. The trading session witnessed 12,986 trades involving 148 million shares with a total value of Dh358 million.
The trading session saw prices of seven companies rise, while 28 companies experienced a decline. Additionally, 12 companies closed unchanged. The combined market capitalisation of all DFM listed companies reach Dh738 billion.
National International Holding (NIH)(+14.97), REIT (+9%) and Parkin (+2.73) are among the top gainers while National General Insurance (NGI) (-10.00%) Agility Warehousing (-4.91%), Emirates Reem Investments (ERC) (-3.98%) are among those who experienced declines.
Elsewhere in the region, Saudi Arabia's benchmark index (TASI) dropped 0.7%, with aluminium products manufacturer Al Taiseer Group losing 0.9% and Al Rajhi Bank falling 0.9%. The Saudi index registered its biggest weekly loss of 3.4% since May.
The Qatari benchmark (QSI) also fell 1%, with telecoms firm Ooredoo losing 4%. Outside the Gulf, Egypt's blue-chip index (EGX30) advanced 1.2%, as most of its constituents were in positive territory.