Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The trading in the UAE stock markets on Tuesday was flat, though Abu Dhabi and Dubai's stock markets closed the day in positive territory. Global markets began the September trading on a cautious note as the month is said to be very volatile historically for securities’ market. Suspense over the extent of impending rate cuts by the US Federal Reserve added to the anxiety.
The general index of Abu Dhabi Securities Exchange (ADX) —FADGI — was up by 0.171% to close at 9,379.09 points. It reported a total of 21,247 trades involving 301 million shares with a total value of Dh1.11 billion.
The trading session saw prices of 34 companies rise, while 33 companies experienced a decline. Additionally, 14 companies closed unchanged compared to their previous closing prices. The market capitalisation of listed companies at ADX reached Dh2.837 trillion.
Hily Holding, Al Khaleej Investment, Abu Dhabi National Company for Building Materials and Apex Investments are among the gainers while Invictus Investment, RAK Co. for White Cement & Construction Materials, NMDC Group and National Bank of Fujairah are among those who saw their share prices fall.
In the Dubai Financial Market (DFM), the general index (DFMGI) rose by 0.3% to close at 4,369.83 points. The trading session witnessed 9,574 trades involving 306 million shares with a total value of Dh407 million.
The trading session saw prices of 20 companies rise while another 20 companies experienced a decline. Additionally, seven companies closed unchanged.
Al Ramz Investment, GFH Financial Group, Emaar and National International Holding Company are among the gainers, while Shuaa Capital and Al Firdous Holdings are among those who experienced declines.
