Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The UAE markers remained subdued on Thursday amid uncertainty over the extent of US rate cuts and somewhat disappointing US consumer price data.
The general index of ADX (FADGI) saw a marginal fall of 0.161% to reach 9307.72 points. It reported a total of 19,561 trades involving 291 million shares with a total value of Dh1.014 billion.
The trading session saw prices of 31 companies rise, while 30 companies experienced a decline. Additionally, 20 companies closed unchanged compared to their previous closing prices. The market capitalisation of listed companies at ADX reached Dh2.830 trillion.
NMDC Energy, which started trading at ADX on Wednesday after a super-successful IPO, saw a further rise of 1.32%, and its share price reached Dh3.06 from Dh2.8 at the time of listing.
Apex Investments, RAK Properties and Multiplay Group are among the prominent gainers, while NMDC Group, Easy Lease, Gulf Cement Company(GCEM), International Holding Company (IHC) and Abu Dhabi National Hotels (ADNH) are among the prominent losers in the stock market on Thursday.
In the Dubai Financial Market (DFM), the general index (DFMGI) was up by 0.42% to close at 4,364.87 points. The trading session witnessed 7,602 trades involving 96 million shares with a total value of Dh320 million. The combined market capitalisation of listed companies at DFM reached Dh732 billion at the end of the trading.
The trading session saw the prices of 28 companies rise while 13 companies experienced a decline. Additionally, five companies closed unchanged.
International Financial Advisors (IFA), Emaar, Dubai Islamic Bank (DIB), National Cement Company (NCC), Agility and National International Holding (NIH) are among the prominent gainers, while Dubai Islamic Insurance and Reinsurance (AMAN), TECOM Group, Islamic Arab Insurance (SALAMA) are among those who experienced declines.
Elsewhere in the region, Saudi Arabia's benchmark index (TASI) gained 0.7%, with Al Taiseer Group rising 1.6% and Al Rajhi Bank increasing 1%. Among other gainers, oil giant Saudi Aramco (2222.SE) was up 0.4%.
The Qatari benchmark (QSI) advanced1.5%, buoyed by a 4.8% jump in the Gulf's biggest lender, Qatar National Bank (QNBK.QA) a day after the bank's board approved a share buyback of 2.9 billion riyals ($795.61 million).
