Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The escalating geopolitical tensions weighed on the UAE stock markets even as the ADNOC’s proposed takeover of Covestro, a global leader in specialty chemicals, has created an upbeat mood in the market.
The general index of Abu Dhabi Securities Exchange (ADX) — FADGI — fell by 0.21% to reach 9405.66 points. It reported a total of 27,868 trades involving 512 million shares with a total value of Dh1.74 billion.
The trading session saw share prices of 41 companies rise, while 24 companies experienced a decline. Additionally, 16 companies closed unchanged compared to their previous closing prices.
Modon Holding (+2.11%), Multiply Group (+4.66%) and Apex Investments (+3.02%) are among the prominent gainers while Abu Dhabi National Energy Company (Taqa) (-9.37), Agility Global (-2.46) and Pure Health Holding (-1.94) are among the prominent losers in the stock market on Tuesday.
In the Dubai Financial Market (DFM), the general index (DFMGI) was down by 0.58% to close at 4,477.27 points. The trading session witnessed 9,413 trades involving 139 million shares with a total value of Dh296 million.
The trading session saw prices of 21 companies rise, while 21 companies experienced a decline. Additionally, six companies closed unchanged.
Dubai Refreshment Company (DRC) (+15%), National International Holding (NIH)(+14.96) and Emirates REIT (+9.52%) are among the top gainers while Amanat Holding (-3.36%) Watania Holding (-2.97%) ENBD REIT (-1.11%), are among those who experienced declines.
