Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
The UAE stock markets reported positive trading on Wednesday after a four-day long holiday break with the combined market cap of all listed companies at the Abu Dhabi Securities Exchange (ADX) reaching Dh2.9 trillion.
The main index of the ADX - FADGI - rose 0.328% to close at 9,265.13 points. A total of 30,218 trades were recorded, involving 311 million shares with a combined value of Dh1.410 billion.
Out of the 89 companies traded, the share prices of 45 companies rose, while 30 declined, and 14 remained unchanged.
Top gainers included NBQ (+14.91%), Oman and Emirates Investment Holding (+14.29%), ADIB (+4.13%), and Emsteel (+2.38%), while notable losers were Hily Holding (-10%), Abu Dhabi National Takaful (-6.86%), and RAK White Cement (-3.3%).
Lulu Retail closed the day at Dh1.79, significantly below its debut price of Dh2.04 on November 14. It continues to be a big scrip in terms of the volume and value of trading at the ADX. A total of Dh213 million worth of shares of International Holding Company (IHC) were traded on Wednesday as the share buyback programme continues. Its price remained unchanged at Dh402.
The main index of the Dubai Financial Market (DFM) - DFMGI - saw a rise of 0.13% to close at 4,853.64 points. A total of 25,383 trades were executed, involving 326 million shares with a combined value of Dh829 million.
The prices of 27 companies rose, while 17 declined, and five remained unchanged.
Among the top gainers were Takaful-EM (+9.66%), National International Holding (+6.88%), International Financial Advisors (+6.35%), and Parkin (+5.04%). The most notable losers included Emirates Investment Bank (-10%), Dubai National Insurance and Reinsurance (-6.54%), and Emaar Development (-3.08%).
