A.SREENIVASA REDDY (ABU DHABI)
The UAE stock markets reported flat trading on Thursday following the global trends.
The general index of the Abu Dhabi Securities Exchange (ADX) — FADGI – saw a marginal rise of 0.004% to reach 9327.92 points.
It reported a total of 29,036 trades involving 501 million shares with a total value of Dh1.517 billion. The combined market capitalisation of all ADX listed companies reached Dh2.888 trillion.
The trading session saw share prices of 32 companies rise, while 36 companies experienced a decline. Additionally, nine companies closed unchanged compared to their previous closing prices.
Abu Dhabi National Company for Building Materials (+14.81%), ADNOC Drilling (+2.42%) and Agility (+4.17%) are among the prominent gainers while National Bank of Fujairah (-4.23%), Gulf Cement (-4.73%) and Abu Dhabi Islamic Bank (-2.78) are among the losers in the stock market on Thursday.
In the Dubai Financial Market (DFM), the general index (DFMGI) was down by 0.293% to close at 4,591.05 points. The trading session witnessed 14,601 trades involving 169 million shares with a total value of Dh528 million.
The trading session saw prices of 19 companies rise, while 27 companies experienced a decline. Additionally, seven companies closed unchanged. The combined market capitalisation of all DFM listed companies reach Dh759 billion.
Takaful-Emirates (+14.41%), National Industries (+10.11%) and Al Ramz Investment (+4.17%) are among the top gainers while Emirates Investment Bank (-10%), Salik (-4.57%), Ithmaar Holding (-2.43%) are among those who experienced declines.