Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
It was a day of mixed trading for the UAE stock markets on Monday, with flat trading reported at the Abu Dhabi Securities Exchange (ADX) and strong positive trading at the Dubai Financial Market (DFM).
ADX’s main index, FADGI, saw a marginal rise of 0.002% to reach 9,231.88 points.
International Holding Company (IHC) continued its share buyback programme on Monday. A total of 112,952 shares worth Dh45.5 million were bought back by IHC at ADX at an average price of Dh403 per share. So far, shares worth Dh984 million have been bought back, out of a total of Dh1.8 billion worth of shares to be purchased as part of the first tranche of the Dh5 billion share buyback programme.
Meanwhile, Alef Education, a UAE-based global leader in education technology, announced it has been added to the MSCI UAE Small Cap Index, just five months after its IPO.
A total of 28,815 trades were reported at the ADX, involving 438 million shares with a combined value of Dh2.245 billion. The trading session saw share prices of 27 companies rise, while 46 companies experienced a decline. Additionally, seven companies closed unchanged compared to their previous closing prices. The combined market capitalisation of all ADX-listed companies reached Dh2.888 trillion.
Prominent gainers included Abu Dhabi Drilling (+6.87%), Agility Global (+6.11%), Al Khaleej Investments (+5.45%), and ESG Emirates Stallions (+3.31%), while significant losers included Abu Dhabi Aviation (-9.44%), Aram Group (-9.57%), Gulf Pharmaceuticals (-8.42%), and UAQ Investment (-6.48%).
In the DFM, the general index (DFMGI) saw a rise of 0.946% to close at 4,768.32 points. The trading session witnessed 17,303 trades, involving 236 million shares with a total value of Dh814 million.
Share prices of 29 companies rose, while 17 companies experienced a decline. Additionally, three companies closed unchanged.
Top gainers included International Financial Advisers (+13.53%), BHM Capital (+13.04%), and Agility Warehousing (+8.61%), while the major losers were United Foods (-10%), Tabreed (-7.74%), and Drake and Scull (-3.18%).
