Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
Abu Dhabi Securities Exchange (ADX) reported Dh285 million worth of bulk trades even as it reported gains after several days of flat trading on Thursday.
The general index of the ADX — FADGI – saw a rise of 0.291% to reach 9399.56 points.
It reported 30,716 trades involving 664 million shares with a total value of Dh2 billion. The combined market capitalisation of all ADX-listed companies reached Dh2.930 trillion, coming closer to the Dh3 trillion milestone.
The trading session saw share prices of 25 companies rise, while 45 companies experienced a decline. Additionally, 17 companies closed unchanged compared to their previous closing prices.
Sharjah Cement (+8.15%), National Bank of Fujairah (+7.84), Abu Dhabi Ship Building (+5.41%) and PALMS Sports (+5.12) are among the prominent gainers while Hayah Insurance (-7.75%), Commercial Bank International (-6.98%), Eshraq Investments (-4.71) and Phoenix Group (-4.26) are among the losers in the stock market on Thursday.
A total of 42 million shares of ADNOC Drilling worth Dh220 million were traded in 10 bulk transactions. Another bulk trade involved Phoenix Group where 50 million shares worth Dh65 million were transacted in five trades.
Lulu Retail debuted on ADX without any gains for shareholders, as its price remained at Dh2.04, the listing price.
In the Dubai Financial Market (DFM), the general index (DFMGI) saw a marginal fall of 0.076% to close at 4,729.23 points. The trading session witnessed 17,064 trades involving 399 million shares with a total value of Dh692 million.
During the trading session, 14 companies' prices rose, 26 companies experienced a decline, and six companies closed unchanged.
National Cement Company (+14.79%), International Financial Advisors (+13.66%), and Emirates Investment Bank (+3.77%) are among the top gainers, while Al Salam Sudan (-4.39%), Taaleem Holdings (-3.15%), and Ekttitab Holding (-2.62%) are among those who experienced declines.
Realty giants Emaar and Deyaar continue to be traded in high volumes and value after they reported excellent last quarter results.
