Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
The Abu Dhabi Securities Exchange’s (ADX) general index, FADGI, closed in positive territory on Wednesday after a volatile trading session. Gains in Americana Restaurants, Alpha Dhabi Holding, and ADNOC Gas helped lift the index slightly into positive territory.
FADGI was up by 0.004%, reaching 9,584.85 points. The index has given a return of 3.76% during the last one year.
A total of 23,920 trades were recorded, involving 285 million shares with a combined value of Dh1.247 billion. The total market capitalisation of all companies listed on the ADX reached Dh2.995 trillion.
Americana Restaurants, Alpha Dhabi Holding and ADNOC Gas saw uptick in their share prices and were traded in a big volumes.
Top gainers included Hayah Insurance (+14.95%), Fujairah Cement (+10.44%), Al Khaleej Investment (+6.02%) and UAQ Investment (+4.85%), while notable losers were National Bank of UAQ (-1.30%), Taqa (-1.28%) and e& (-1.17%).
DFM
DFM’s general index (DFMGI) was down by a marginal 0.003% to reach 5218.93. The index enjoys an health yearly return of 30.62%.
A total of 13,372 trades were executed at the DFM, involving 169 million shares with a combined value of Dh533 million. The prices of 17 companies rose, while 28 declined, and seven remained unchanged.
Among the top gainers were Dubai Islamic Insurance (+14.80%), Emirates Islamic Bank (+10.00%) and National General Insurance (+8.44%). The most notable losers included Emirates Investment Bank (-8.00%), Al Salam Sudan (-7.96%), National Cement (-5.44%) and National International Holding
(-3.22%).
According to daily Reuters market report, Saudi Arabia's benchmark index (TASI) eased 0.1% in choppy trade, with SABIC Agri-Nutrients Company losing 2.6%. The Qatari benchmark (QSI) lost 0.3%, with the Gulf's biggest lender Qatar National Bank dropping 0.5%
