Latest news with #AbuDhabiSecuritiesExchange
Al Etihad
a day ago
- Business
- Al Etihad
UAE markets continue their upward journey
30 June 2025 21:01 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets continued to make gains after the three-day break, extending the momentum generated by the easing of tensions between the US, Israel, and Abu Dhabi Securities Exchange (ADX) maintained its positive trajectory, with its general index (FADGI) rising by 0.721% to close at 9,957.52. A total of 32,257 trades were executed, involving 638 million shares with a combined value of Dh2.25 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.093 Group stocks led the rally with a 2.45% rise after it announced its decision to sell its district cooling unit to Tabreed for Dh3.8 billion. This move is expected to improve liquidity at the company. Other stocks that contributed to the rally include RAK Properties, which rose by 2.13%, Aldar Properties, up by 1.36%, and Abu Dhabi Islamic Bank, which gained 1.51%.ADX also reported one bulk transaction worth Dh48.85 million involving 32 million shares of Phoenix Group, a crypto mining Dubai Financial Market (DFM) continued its rally for a sixth consecutive session, with its general index (DFMGI) rising by 0.384% to close at 5,705.76—its highest since June 2008. A total of 19,738 trades were executed on the DFM, involving 438 million shares with a combined value of Dh1.13 prices of 25 companies rose, 18 declined, and 11 remained unchanged. Realty giants Emaar and Emaar Developments led the rally with gains of 1.11% and 1.88%, respectively. Union Properties and Amlak Finance also contributed to the rally, with their share prices rising by 5.18% and 3.80%, respectively. Stock Markets Continue full coverage
Al Etihad
5 days ago
- Business
- Al Etihad
UAE stock markets reach new peaks
26 June 2025 20:37 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets reached new peaks on Thursday following positive momentum generated by easing tensions between the US, Israel, and Abu Dhabi Securities Exchange (ADX) continued its positive trajectory with its general index (FADGI) rising by 0.766% to close at 9,886.23. A total of 32,750 trades were executed, involving 660 million shares with a combined value of Dh1.88 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.083 Properties led the rally with a 7.6% gain, followed by Abu Dhabi Commercial Bank with a 2.69% rise, and Eshraq Investments with a 4.35% increase. Other top gainers on the ADX included Al Khaleej Investments (+7.93%), Abu Dhabi Co. for Building Materials (+7.48%), and Alpha Data (+6.41%). Notable decliners were Oman and Emirates Investment Holding (-10.00%), Sharjah Cement (-3.09%), and Presight (-2.86%).The Dubai Financial Market (DFM) continued its rally for the sixth straight session with its general index (DFMGI) rising by 1.256% to close at 5,683.91, its highest level in 17 years. A total of 14,863 trades were executed on the DFM, involving 469 million shares with a combined value of Dh954 million. Share prices of 35 companies rose, nine declined, and 10 remained unchanged. Dubai Islamic Bank led the rally with a 4.91% rise in share price, followed by Union Properties (2.81%) and Salik (2.2%). Among the other top gainers on Monday were Sukoon Takaful (+11.43%), Chimera S&P UAE Shariah ETF (+6.18%), and National International Holding (+3.89%). On the losing side, International Financial Advisors fell by 9.89%, followed by Al Salam Sudan (-1.48%), Islamic Arab Insurance (-0.98%), and Dubai Residential REIT (-0.81%).
Al Etihad
24-06-2025
- Business
- Al Etihad
UAE stock markets see big surge after ceasefire news
24 June 2025 15:40 A. SREENIVASA REDDY (ABU DHABI)Mojo returned to the UAE stock markets on Tuesday after US President Donald Trump declared a ceasefire between Iran and Abu Dhabi Securities Exchange's general index (FADGI) surged by a substantial 2.487% to close at 9,795.30, lifting the market capitalisation to Dh3.047 trillion. This marks one of the largest single-day gains in the index in recent rally on the ADX was led by Aldar, which jumped 10%, followed by Multiply Group with a 6.5% rise, Abu Dhabi Commercial Bank with 6.3%, and Abu Dhabi Islamic Bank with 5.9%.The Dubai Financial Market also posted strong gains, with its main index (DFMGI) rising by 3.36% to reach 5,593.01 — its biggest intraday gain since mid-December. DFM's rally was primarily driven by a more than 5% surge in the share prices of blue chips such as Emaar, Salik, and Emirates NBD. Dubai Islamic Bank also advanced by 4%, contributing to the overall uptick.
Al Etihad
23-06-2025
- Business
- Al Etihad
UAE markets make gains despite geopolitical tensions
23 June 2025 18:05 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets made surprising gains on the first day of trading after the US attacks on Iran's nuclear facilities. The rising geopolitical tensions and the threat to close the Strait of Hormuz did not have any dampening effect on the UAE Abu Dhabi Securities Exchange (ADX) made gains after several days of flat trading, with its general index (FADGI) rising by 0.464% to close at 9,557.58. A total of 19,289 trades were executed, involving 240 million shares with a combined value of Dh840 million. The total market capitalisation of all companies listed on the ADX stood at Dh2.984 Dhabi National Energy (TAQA) led the rally with a 2.6% gain, followed by Aldar with a nearly 1.9% rise, and Multiply Group with a 1.4% increase. Other top gainers on the ADX included E7 Warrants (+14.29%), Al Khaleej Investment (+11.90%), and Union Insurance (+8.33%). Notable decliners were Gulf Medical Projects (-4.33%), Sharjah Cement (-2.96%), and Pure Health (-2.41%). DFM The Dubai Financial Market's general index (DFMGI) rose by a fairly big 1.116% to close at 5,411.3. A total of 15,087 trades were executed on the DFM, involving 445 million shares with a combined value of Dh787 million. Share prices of 31 companies rose, 13 declined, and nine remained unchanged. Union Properties led the rally with a 4.69% rise in share price, followed by Deyaar (4.17%) and Emaar Properties (2.8%). Among the other top gainers on Monday were Ekttitab Holding (+9.58%), National Cements (+11.11%), and Ithmaar Holding (+6.70%). On the losing side, Agility fell by 9%, followed by Dubai National Insurance and Reinsurance (-8.66%), Emirates Investment Bank (-6.67%), and Al Ramz Capital (-4.17%).
Al Etihad
16-06-2025
- Business
- Al Etihad
UAE stock markets rebound
16 June 2025 21:01 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets on Monday recovered some losses suffered after the escalation of the Iran-Israel 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 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
