Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
The UAE stock markets saw mixed trading on Monday ahead of the new US president taking reins at the White House. The fear of the likely tariff wars has dampened the enthusiasm generated by the Gaza ceasefire deal with markets choosing to stay cautious.
Abu Dhabi Securities Exchange’s (ADX) general index — FADGI — was up by 0.084%, reaching 9,507.04 points. A total of 14,226 trades were recorded, involving 208 million shares with a combined value of Dh830 million.
The total market capitalisation of all companies listed on the ADX reached Dh2.980 trillion. Out of the 111 companies traded at the ADX, share prices of 30 companies rose, while 38 declined, and 43 remained unchanged.
Top gainers included Sharjah Cement (+4.52%), Americana Restaurants (+4.20%), Presight (+2.21%) and National Co. for Building Materials (+1.68%), while notable losers were Finance House (-9.84%), Rapco Investment (-7.47%) and Ooredoo (-5.57%).
DFM
DFM’s general index (DFMGI) was down by 0.298% to reach 5196.18.
A total of 15,518 trades were executed at the DFM, involving 189 million shares with a combined value of Dh558 million. The prices of 15 companies rose, while 26 declined, and nine remained unchanged.
Among the top gainers were Agility Warehousing (+4.32%), BHM Capital (+3.27%) and Deyaar (+1.64%). The most notable losers included National Industries (-10.00%), National International Holding (-9.88%), International Financial Advisors (-7.89%) and Al Salam Sudan (-7.39%).
The DFM’s main index was dragged down by the fall in share prices of Salik and DEWA.
Elsewhere in the Gulf, Saudi Arabia's benchmark index (.TASI) gained 0.4%, with ACWA Power Company advancing 4.4% and Etihad Etisalat Company increasing 1.8%.
The Qatari benchmark (.QSI) rose 0.4%, led by a 2.2% gain in petrochemical maker Industries Qatar.
Outside the Gulf, Egypt's blue-chip index (.EGX30) lost 0.4%, with Commercial International Bank Egypt falling 0.9%.
