Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
Shares worth Dh2.4 billion were traded at the UAE stock exchanges on a day when the Gulf bourses have seen volatile trading due to fluctuation in oil prices and unstable geopolitical situation.
The general index of the Abu Dhabi Securities Exchange (ADX) — FADGI – saw a fall 0.171% to reach 9419.69 points on Tuesday.
It reported a total of 25,503 trades involving 439 million shares with a total value of Dh1.54 billion. The combined market capitalisation of all ADX listed companies reached Dh2.921 trillion, coming closer to Dh3 trillion milestone.
The trading session saw share prices of 33 companies rise, while 35 companies experienced a decline. Additionally, 13 companies closed unchanged compared to their previous closing prices.
National Bank of Fujairah (+14.11%), National Company for Building Materials (+9.94), ADNOC Drilling (+2.12%) and Aldar (+1.02) are among the prominent gainers while Gulf Medical Projects (-7.11%), Agility Global (-6.21%) and Palms Sports (-4.08) are among the losers in the stock market on Tuesday.
In the Dubai Financial Market (DFM), the general index (DFMGI) saw a remarkable rise of 1.053% to close at 4,701.4 points. The trading session witnessed 16,376 trades involving 328 million shares with a total value of Dh853 million. Emaar and its subsidiary Emaar Development shares jumped after they reported higher nine month net profits.
The trading session saw prices of 17 companies rise, while 25 companies experienced a decline. Additionally, seven companies closed unchanged.
National Industries (+15.00%), Emmar Development (+10.317%) and REIT (+3.75%) are among the top gainers while Takaful-EM (-9.80%), National International Holding (-6.84%) and Al Salam Sudan (-4.27) are among those who experienced declines.
