Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The UAE stock markets saw huge volumes of trading even as the global markets were subdued over the escalating geopolitical situation.
The general index of Abu Dhabi Securities Exchange (ADX) — FADGI — fell by 0.46% to reach 9425.49 points. It reported a total of 28,709 trades involving 520 million shares with a total value of Dh1.94 billion.
The trading session saw share prices of 24 companies rise, while 46 companies experienced a decline. Additionally, 13 companies closed unchanged compared to their previous closing prices. The market capitalisation of listed companies at ADX reached Dh2.933 trillion, inching closer to the Dh3 trillion milestone.
Modon Holding (+4.12%), Taqa (10.73%) and Multiply Group(+1.72%) are among the prominent gainers while Aldar (-1.96), International Holding Company(-0.73), Fujairah Building Industries (-9.88) and Abu Dhabi National Company for Building Materials (BILDCO) (-7.87) are among the prominent losers in the stock market on Monday.
In the Dubai Financial Market (DFM), the general index (DFMGI) was down by 0.39% to close at 4,503.48 points. The trading session witnessed 12,333 trades involving 249 million shares with a total value of Dh458 million. Combined market capitalisation of listed companies at DFM reached Dh757 billion at the end of the trading.
The trading session saw prices of 12 companies rise, while 27 companies experienced a decline. Additionally, seven companies closed unchanged.
National International Holding (NIH) (+14.41%), Dubai Refreshment Company (DRC) (+10.53) and Amanat Holdings (+4.39%) are among the top gainers while International Financial Advisers (IFA) (-10.00%) Al Salam Sudan (-6.24%), Takaful-Emarat (-4.23%) are among those who experienced declines.
