Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The UAE stock markets made strong gains on Tuesday after days of volatile trading in the global markets.
The general index of ADX (FADGI) saw a decent rise of 0.50% to reach 9402.46 points. It reported a total of 19,957 trades involving 295 million shares with a total value of Dh1.06 billion.
The trading session saw prices of 41 companies rise, while 30 companies experienced a decline. Additionally, nine companies closed unchanged compared to their previous closing prices. The market capitalisation of listed companies at ADX reached Dh2.845 trillion.
RAK Properties, FAB, Alpha Dhabi Holding, NMDC, Apex Investments are among the gainers while International Holding Company (IHC), ADNOC Logistics and Services, Multiply Group and Easy Lease are among those who saw their share prices fall.
In the Dubai Financial Market (DFM), the general index (DFMGI) was up by 0.65% to close at 4,387.48 points. The trading session witnessed 11,654 trades involving 122 million shares with a total value of Dh324 million.
The trading session saw prices of 23 companies rise, while 19 companies experienced a decline. Additionally, eight companies closed unchanged.
Dubai Refreshment Company (DRC) (14.83%) and Agility (5.86%) are among the top gainers, while Al Ramz Investment (-8.23%), National General Insurance(NGI) (-7.55%) and Takaful Emarat (-5.09%) are among those who experienced declines.
Elsewhere in the region, Saudi Arabia's benchmark index (TASI) rose 0.2%, helped by a 0.3% increase in Al Rajhi Bank and a 0.7% gain in the country's biggest lender, Saudi National Bank.
The Qatari benchmark (QSI) finished 0.5% higher, with the Gulf's biggest lender, Qatar National Bank (QNBK.QA), rising 1%.
Outside the Gulf, Egypt's blue-chip index (EGX30) fell 0.9%, weighed down by a 4.5% slide in Ezz Steel.
