A.SREENIVASA REDDY (ABU DHABI)
The UAE stock markets were mixed on Thursday with Abu Dhabi seeing a fall after three sessions of gains and Dubai seeing a rise, taking its index to a record high.
Abu Dhabi Securities Exchange’s (ADX) general index — FADGI — down by 0.215%, reaching 9,414.96 points. A total of 9,460 trades were recorded, involving 160 million shares with a combined value of Dh719 million. The total market capitalisation of all companies listed on the ADX reached Dh2.959 trillion.
International Holding Company fell nearly 1% and Alpha Dhabi by 0.9% leading to a fall in the general index.
Out of the 81 companies traded at the ADX, the share prices of 38 companies rose, while 29 declined, and 14 remained unchanged.
Top gainers included Commercial Bank International (+13.80%), Sharjah Cements (+6.31%), Abu Dhabi Ship Building (+4.66%), and RAK Co. for White Cement (+4.39%), while notable losers were Hayah Insurance (-4.35%), United Arab Bank (-3.57%) and Gulf Pharmaceuticals (-2.22%).
DFM
The Dubai Financial Market (DFM) general index (DFMGI) is up by 0.065% to reach 5,083.68.
Emirates NBD rose 1.2% and supermarkets operator Spinneys advanced 1.3%, taking the DFM’s main index to a decade-long high.
Shuaa Capital rose 1.4% to its highest in over three months. The investment bank's board approved on Friday a deal with a senior creditor to restructure Dh208 million in debt facilities.
A total of 6048 trades were executed at the DFM, involving 193 million shares with a combined value of Dh243 million.
The prices of 24 companies rose, while 17 declined, and seven remained unchanged.
Among the top gainers were Takaful-Emirates (+15.00%), Chimera UAE S&P Shariah ETF (+2.96%), Watania Holding (+2.32%) and Al Firdous Holding (+2.28%). The most notable losers included Al Mazaya Holding (-9.90%), National International Holding (-4.33%) and Emirates REIT (-4.00%).