Latest news with #ADX
Zawya
14 hours ago
- Business
- Zawya
Orascom Construction's board greenlights transferring primary listing to ADX
Cairo – The board members of Orascom Construction approved transferring its primary share listing to the Abu Dhabi Securities Exchange (ADX) while maintaining its secondary listing on the Egyptian Exchange (EGX). Subject to the approval of the shareholders and regulatory procedures, the UAE-based company will delist its shares from the Nasdaq Dubai, according to a bourse disclosure. The dual-listed firm will also relocate from the DIFC to ADGM after obtaining the required approvals and completing the necessary measures. In the three-month period that ended on 31 March 2025, Orascom Construction logged consolidated net profits worth $27.10 million, an annual drop from $49.80 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Al Etihad
a day ago
- Business
- Al Etihad
UAE stock exchanges continue rally
28 July 2025 21:14 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets are in a buoyant mood, with both exchanges recording gains for several days Abu Dhabi Securities Exchange (ADX) maintained its positive trajectory, with its general index (FADGI) rising by 0.214% to close at 10,362.16 on Monday. A total of 24,495 trades were executed, involving 409 million shares with a combined value of Dh1.43 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.160 Dhabi Islamic Bank (ADIB), ADNOC Gas, and Aldar led the rally with 1.85%, 2.1%, and 1.02% rises, respectively. Other stocks that contributed to the rally include Bank of Sharjah, which rose by 7.38%, ARAM group, up by 4.66%, and Presight, which gained 2.97%. The Dubai Financial Market (DFM) continued its rally, with its general index (DFMGI) rising by 0.28% to close at 6,167.68. A total of 13,828 trades were executed on the DFM, involving 372 million shares with a combined value of Dh765 million. Share prices of 25 companies rose, 24 declined, and nine remained unchanged. It was the fourth straight day of gains for the DFM, supported by strong earnings reports in the second quarter. Emirates NBD led the rally with a 2.9% rise in its share price. Stock Markets Continue full coverage
Economic Times
a day ago
- Business
- Economic Times
Market Trading Guide: Dr Reddy's Labs, 3 smallcaps are stocks to buy on Tuesday. Sell view on this largecap
Buy Allied Blenders at Rs 477-478 | Upside: 6% Live Events Buy Navin Fluorine at Rs 5,102.50 | Upside: 5% Sell ONGC Aug futures at rise of Rs 240-241 | Downside: 3% Buy Dr Reddy's Labs Rs 1,280-1,290 | Upside: 5% Buy Syngene at Rs 690-680 | Upside: 7% (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's headline indices began the week on a negative note falling for the third session in a row. The weakness was on account of selling pressure in IT, banks and realty socks. During the session, the Nifty faced resistance around the 50-EMA and remained below it until the on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the index fell below 24,700 amid rising weakness in the market, indicating a bear grip. 'The RSI continues to support the bears with its negative crossover. In the short term, the index may remain under pressure, with a possibility of slipping towards 24,550. On the higher end, resistance is seen at 24,800 and 24,950,' De are 5 stock recommendations for Tuesday:Stop loss: Rs 461Target: Rs 505Allied Blenders and Distillers (ABDL) is exhibiting a higher high–higher low formation, signaling a continuation of the uptrend. In the recent session, it formed a strong bullish candle near the 9-EMA, underscoring robust buying interest at lower levels. As long as the stock sustains above Rs 461, the technical setup remains constructive. The immediate upside target is placed at Rs 505, supported by momentum indicators like RSI, which continues to hover in the bullish zone, and a healthy ADX, reflecting trend strength.(Drumil Vithlani, Technical Research Analyst at Bonanza)Stop Loss: Rs 4,977Target: Rs 5,275/5,350Navin Fluorine International has confirmed a breakout from a rounding bottom formation on the monthly chart, indicating sustained accumulation at higher levels. This bullish breakout is accompanied by a significant rise in volumes, highlighting strong institutional participation. The momentum is further validated by technical indicators across the daily and weekly timeframes, with the RSI trending upwards and price action consistently holding above key moving averages. As long as the stock maintains a close above Rs 4,977, the technical outlook remains constructive. In the near term, the stock is poised to test Rs 5,275, with an extended upside potential towards Rs 5,350.(Drumil Vithlani, Technical Research Analyst at Bonanza)Stop Loss: Rs 244Target: Rs 234The stock recently witnessed a breakdown from its consolidation phase, indicating weakness in the trend. It has also closed below its 20-day EMA, reinforcing the bearish sentiment. Additionally, the RSI is in a bearish crossover, further signaling negative momentum. Given these technical indicators, any upward move in the stock should be considered an opportunity to exit or initiate short positions. Traders are advised to use any bounce as a selling opportunity for lower target levels in the coming sessions.(Vatsal Bhuva, Technical Analyst at LKP Securities)Stop Loss: Rs 1,245Target: Rs 1,350The stock has witnessed a short-term consolidation breakout along with a falling trendline breakout on the daily chart, suggesting a shift in momentum. It is trading above both the 20-day and 100-day EMAs, reflecting underlying strength. Additionally, the RSI is in a bullish crossover, supporting positive momentum. With a favorable risk-to-reward ratio, one can consider buying the stock, placing a stop-loss at 1245 and aiming for a target of 1350.(Vatsal Bhuva, Technical Analyst at LKP Securities)Stop Loss: Rs 660Target: Rs 725The stock gave a consolidation breakout on July 17 and has since been sustaining above its 20-day EMA, indicating strength and positive momentum. In Monday's session, it also closed above its 100-day EMA, adding to the bullish sentiment. The RSI continues to hold in bullish crossover territory, suggesting ongoing buying interest. With these technical indicators aligning positively, the stock is expected to move higher and test its 200-day EMA zone in the near term, making it an attractive candidate for further upside.(Vatsal Bhuva, Technical Analyst at LKP Securities)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
a day ago
- Business
- Time of India
Market Trading Guide: Dr Reddy's Labs, 3 smallcaps are stocks to buy on Tuesday. Sell view on this largecap
India's headline indices began the week on a negative note falling for the third session in a row. The weakness was on account of selling pressure in IT, banks and realty socks. During the session, the Nifty faced resistance around the 50-EMA and remained below it until the close. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the index fell below 24,700 amid rising weakness in the market, indicating a bear grip. 'The RSI continues to support the bears with its negative crossover. In the short term, the index may remain under pressure, with a possibility of slipping towards 24,550. On the higher end, resistance is seen at 24,800 and 24,950,' De said. 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This Morning Trick Helps Wellnee Undo Here are 5 stock recommendations for Tuesday: Buy Allied Blenders at Rs 477-478 | Upside: 6% Stop loss: Rs 461 Target: Rs 505 Live Events Allied Blenders and Distillers (ABDL) is exhibiting a higher high–higher low formation, signaling a continuation of the uptrend. In the recent session, it formed a strong bullish candle near the 9-EMA, underscoring robust buying interest at lower levels. As long as the stock sustains above Rs 461, the technical setup remains constructive. The immediate upside target is placed at Rs 505, supported by momentum indicators like RSI, which continues to hover in the bullish zone, and a healthy ADX, reflecting trend strength. (Drumil Vithlani, Technical Research Analyst at Bonanza) Buy Navin Fluorine at Rs 5,102.50 | Upside: 5% Stop Loss: Rs 4,977 Target: Rs 5,275/5,350 Navin Fluorine International has confirmed a breakout from a rounding bottom formation on the monthly chart, indicating sustained accumulation at higher levels. This bullish breakout is accompanied by a significant rise in volumes, highlighting strong institutional participation. The momentum is further validated by technical indicators across the daily and weekly timeframes, with the RSI trending upwards and price action consistently holding above key moving averages. As long as the stock maintains a close above Rs 4,977, the technical outlook remains constructive. In the near term, the stock is poised to test Rs 5,275, with an extended upside potential towards Rs 5,350. (Drumil Vithlani, Technical Research Analyst at Bonanza) Sell ONGC Aug futures at rise of Rs 240-241 | Downside: 3% Stop Loss: Rs 244 Target: Rs 234 The stock recently witnessed a breakdown from its consolidation phase, indicating weakness in the trend. It has also closed below its 20-day EMA, reinforcing the bearish sentiment. Additionally, the RSI is in a bearish crossover, further signaling negative momentum. Given these technical indicators, any upward move in the stock should be considered an opportunity to exit or initiate short positions. Traders are advised to use any bounce as a selling opportunity for lower target levels in the coming sessions. (Vatsal Bhuva, Technical Analyst at LKP Securities) Buy Dr Reddy's Labs Rs 1,280-1,290 | Upside: 5% Stop Loss: Rs 1,245 Target: Rs 1,350 The stock has witnessed a short-term consolidation breakout along with a falling trendline breakout on the daily chart, suggesting a shift in momentum. It is trading above both the 20-day and 100-day EMAs, reflecting underlying strength. Additionally, the RSI is in a bullish crossover, supporting positive momentum. With a favorable risk-to-reward ratio, one can consider buying the stock, placing a stop-loss at 1245 and aiming for a target of 1350. (Vatsal Bhuva, Technical Analyst at LKP Securities) Buy Syngene at Rs 690-680 | Upside: 7% Stop Loss: Rs 660 Target: Rs 725 The stock gave a consolidation breakout on July 17 and has since been sustaining above its 20-day EMA, indicating strength and positive momentum. In Monday's session, it also closed above its 100-day EMA, adding to the bullish sentiment. The RSI continues to hold in bullish crossover territory, suggesting ongoing buying interest. With these technical indicators aligning positively, the stock is expected to move higher and test its 200-day EMA zone in the near term, making it an attractive candidate for further upside. (Vatsal Bhuva, Technical Analyst at LKP Securities)
Al Etihad
a day ago
- Business
- Al Etihad
Emirates Driving Company's net profit up by 33% YoY in H1 2025
28 July 2025 13:54 A. SREENIVASA REDDY (ABU DHABI)Emirates Driving Company, a leader in driver education in Abu Dhabi, reported a net profit of Dh158.9 million for the first half of 2025, marking a 33% increase from Dh119.29 million in the same period last company, listed on the Abu Dhabi Securities Exchange (ADX), disclosed its financial performance for the period ending 30 June 2025 in a management report published on the exchange's before tax rose by 41% year-on-year to Dh184.38 million, compared to Dh130.93 million in the first half of 2024. Operational profit stood at Dh154.31 million, up from Dh103.47 million, while EBITDA rose by 55% to Dh193.52 million. The company attributed its robust growth to higher student enrolment, geographic expansion, improved operational efficiency, and the acquisition of a new more than doubled to Dh353.34 million in the first half of the year, up 101% from Dh175.80 million in the corresponding period last year. Gross profit also climbed significantly to Dh227.39 million from Dh139.41 million. The growth came alongside a rise in direct expenses and general and administrative costs, both driven by the company's expanding scale of the increase in expenses, the company said profitability remained strong. The profit was further supported by Dh33.02 million in income from financial assets, asset sales, rental returns, and other assets slightly decreased by 1% to Dh1.66 billion as of 30 June 2025, compared to Dh1.67 billion at the end of 2024. Cash and cash equivalents, however, rose to Dh738.46 million from Dh721.73 declined by 2% to Dh1.32 billion, primarily due to dividend distributions, while liabilities increased by 6% over the same period to Dh332.46 million. Market capitalisation reached Dh3.13 billion at the end of June 2025, a modest increase from Dh3.02 billion at year-end 2024. Over a five-year period, the company's market value has grown by 65%, underscoring steady investor confidence and long-term growth.
