Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
Lulu Retail made a notable comeback on Thursday, reaching a price of Dh2.02, just shy of its listing price of Dh2.04, on the Abu Dhabi stock market. The retail giant had a muted debut on November 14 last year following its highly anticipated initial public offering (IPO).
Abu Dhabi Securities Exchange’s (ADX) general index — FADGI — was down by 0.033%, reaching 9,462.64 points. A total of 23,882 trades were recorded, involving 362 million shares with a combined value of Dh1.374 billion.
The total market capitalisation of all companies listed on the ADX reached Dh2.968 trillion. Out of the 85 companies traded at the ADX, share prices of 33 companies rose, while 35 declined, and 17 remained unchanged.
The ADX reported one bulk transaction in shares of ADNOC Logistics and Services. Over 39 million shares worth Dh219 million were sold in the transaction.
Top gainers included Gulf Pharmaceuticals (+14.73%), UAQ Investment (+6.86%), Gulf Medical Projects (+5%) and Emirates Steel (+4.88%), while notable losers were National Co. for Building Materials (-6.84%), Commercial Bank International (-3.74%) and AD Ports (-1.96%).
DFM
The Dubai Financial Market’s (DFM) general index (DFMGI) was up by 0.384% to reach 5229.34.
A total of 14,557 trades were executed at the DFM, involving 369 million shares with a combined value of Dh691 million.
The prices of 22 companies rose, while 16 declined, and 13 remained unchanged.
Among the top gainers were Dubai National Insurance (+6.33%), BHM Capital (+4.9%) and Agility Warehousing (+4.37%). The most notable losers included Orascom Construction (-9.4%), International Financial Advisers (-9.16%), Mazaya Holding (-3.68%) and Union Properties (-2.11%).
Talabat traded flat, closing at Dh1.64, which matched Wednesday's closing price. The delivery giant debuted on the DFM in December last year with an IPO price of Dh1.60 per share
