Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The trading in the UAE stock markets on Thursday is subdued ahead of the release of US job data and amid the deteriorating political situation in the region.
Abu Dhabi Securities Exchange (ADX) reported a total of 18,121 trades involving 214 million shares with a total value of Dh910 million. The general index of the ADX (FADGI) fell by 0.607% to close at 9,232 points.
The trading session saw prices of 25 companies rise, while 40 companies experienced a decline. Additionally, 15 companies closed unchanged compared to their previous closing prices.
The market capitalisation of listed companies at ADX reached Dh2.797 trillion.
Abu Dhabi National Company for Building Materials, Ooredoo, Fertiglobe and Apex Investment are among the gainers while Alwathba National Insurance, Union National Insurance, Presight and Gulf Cement are among those who saw their share prices fall.
In the Dubai Financial Market (DFM), the general index (DFMGI) rose by 0.233% to close at 4,334 points. The trading session witnessed 10,946 trades involving 141 million shares with a total value of Dh305 million.
The trading session saw the prices of 18 companies rise, while 17 companies experienced a decline. Additionally, nine companies closed unchanged compared to their previous closing prices.
Salik, Watania International Holding and Al Salam Bank are among the gainers, while Empower, Aramex and GFH Financial Group are among those who experienced declines.
Elsewhere in the Gulf, the stock markets traded in the positive amid rate cut hopes. Saudi Arabia's benchmark index (TASI) gained 0.2%, with aluminium products manufacturer Al Taiseer Group rising 1% and Al Rajhi Bank increasing 1.6%.
In Qatar, the benchmark (QSI) closed 0.7% higher, with the Gulf's biggest lender Qatar National Bank rising 1.2%.
