Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
The Abu Dhabi Securities Exchange (ADX) continued its surge on Tuesday with its general index (FADGI) rising by 0.632% to reach 9,527.50, following positive earnings reports for the first quarter of 2025 released by the top lender FAB and property giant Aldar.
UAE’s biggest bank FAB exceeded first-quarter estimates. It reported a net profit of Dh5.13 billion, beating analysts' average expectations of Dh4.24 billion. Abu Dhabi-based property giant Aldar reported a net profit after tax of Dh1.9 billion in Q1 2025, rising by 22% year-on-year.
Both stocks traded higher and in bigger volumes after the positive earnings reports.
A total of 25,618 trades were recorded, involving 808 million shares with a combined value of Dh2.251 billion. The total market capitalisation of all companies listed on the ADX reached Dh2.927 trillion.
The other top gainers in the ADX included Abu Dhabi National Takaful (+14.86%), Emirates Insurance (+11.11%) and National Corporation for Tourism and Hotels (6.08%), while notable losers were Aram Group (-9.33%), NMDC (-3.40%) and Multiply (-3.21%)
DFM
DFM’s general index (DFMGI) rose by 0.476% to reach 5241.3 points. Slight upticks in blue-chip stocks Emirates NBD, Emaar and Emaar Developments pushed the stock index higher.
A total of 10,541 trades were executed at the DFM, involving 142 million shares with a combined value of Dh482 million. The prices of 23 companies rose, while 18 declined, and 12 remained unchanged.
Among the top gainers were National General Insurance (+11.94%), National Cements (+5.76%) and National Industries Group (+5.61%). The most notable losers included National International Holding (-7.73%), Orascom Constructions (-3.70%), Aman Insurance (-2.26%) and DU (-1.80%).
