UAE stock markets rebound
A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets on Monday recovered some losses suffered after the escalation of the Iran-Israel conflict.The Abu Dhabi Securities Exchange (ADX) recorded gains, with its general index (FADGI) rising by 0.218% to close at 9,584.85. A total of 28,212 trades were executed, involving 368 million shares with a combined value of Dh1.383 billion. The total market capitalisation of all companies listed on the ADX stood at Dh2.987 trillion, which had fallen below the Dh3 trillion milestone due to escalating geopolitical tensions.Alpha Dhabi led the rally with a nearly 3% gain, followed by ADNOC Gas with a nearly 2% rise, and Multiply with a nearly 1% increase. Other top gainers on the ADX included Abu Dhabi National Company for Building Materials (+11.57%), Sudatel (+9.95%), and Presight AI (+5.83%). Notable decliners were UAQ Investments (-9.50%), Hayah Insurance (-5.17%), and Gulf Medical Projects (-2.63%).
DFMThe Dubai Financial Market's general index (DFMGI) rose by 0.789% to close at 5,407. A total of 16,836 trades were executed on the DFM, involving 293 million shares with a combined value of Dh726 million. Share prices of 33 companies rose, 14 declined, and five remained unchanged. Amlak Finance led the rally with a 10% rise in share price, followed by DEWA (2.2%) and Emaar Developments (2.2%). The merger of Emirates Islamic Bank (EIB) with Emirates NBD has been completed, with the DFM announcing that all remaining shares have been transferred to the parent company.
Among the other top gainers on Monday were United Foods (+9.58%), National General Insurance (+5.69%), and Al Salam Sudan (+5.26%). On the losing side, Al Ramz Capital fell by 9.60%, followed by Chimera S&P UAE Shariah ETF (-4.35%), BHM Capital (-2.33%), and NIH (-2.17%).
Source: Aletihad - Abu Dhabi
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