Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
The UAE stock markets reported gains for second consecutive day even as the world bourses are navigating through choppy waters.
The general index of the Abu Dhabi Securities Exchange (ADX) - FADGI – saw a rise of 0.162% to reach 9327.54 points.
It reported a total of 21,196 trades involving 402 million shares with a total value of Dh1.252 billion. The combined market capitalisation of all ADX listed companies reached Dh2.887 trillion.
The trading session saw share prices of 42 companies rise, while 19 companies experienced a decline. Additionally, 14 companies closed unchanged compared to their previous closing prices.
Gulf Pharmaceutical Industries (+14.71%), Al Khaleej Investment (+12.5%), Gulf Cement(+10.4%), Abu Dhabi National Company for Building Materials (+9.48), ADNOC Drilling (+2.91) and Aldar (+2.66%) were among the prominent gainers while Response Plus Holding (-2.3%), Alpha Dhabi Holding (-1.73%) and FAB (-1.19) were among the losers in the stock market on Wednesday.
The new FTSE ADX 15 Islamic Index (FADXI15) has gone live at the ADX on Wednesday. The index offers investors access to a diverse range of 15 high performing ADX companies that meet rigorous Shariah compliance standards.
NMDC Energy, a provider of engineering, procurement and construction services and a majority-owned subsidiary of NMDC Group, is among the group of 15 listed entities, known as the FADXI15.
In the Dubai Financial Market (DFM), the general index (DFMGI) was up by 0.462% to close at 4,604.52 points. The trading session witnessed 14,532 trades involving 217 million shares with a total value of Dh566 million.
The trading session saw prices of 21 companies rise, while 21 companies experienced a decline. Additionally, seven companies closed unchanged. The combined market capitalisation of all DFM listed companies reach Dh760 billion.
National General Insurance (+10.84%), Emirates Reem Investments (+9.19%) and Salik (+6.79%) were among the top gainers while Dubai National Insurance and Reinsurance (-4.08%), Al Ramz Investment (-4%), Amlak Finance (-3.93%) were among those who experienced declines.
