Latest news with #DFMGI
Al Etihad
8 hours ago
- Business
- Al Etihad
FAB results trigger ADX rally
23 July 2025 18:08 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets made a dramatic leap on Wednesday, with the main indices of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) rising by 1.15% and 1.09%, Abu Dhabi Bank (FAB) and Multiply Group led the rally at the ADX, with their share prices rising nearly 5% and 3.4%, respectively. FAB shares surged after the bank reported a record net profit of Dh10.63 billion for the first half of the year — the highest ever for a half-year period. The 5% increase marked the bank's biggest intraday gain. Bank of Sharjah shares also climbed 10%, following a sharp rise in its half-yearly surrounding second-quarter earnings and a trade deal struck between the United States and Japan appear to have triggered the rally in the UAE ADX main index (FADGI) closed at 10,296.28, with its market capitalisation reaching Dh3.142 trillion. The main market's capitalisation stood at Dh3.020 trillion.A total of 26,211 trades were executed on the ADX, involving 396 million shares with a combined value of Dh1.38 DFM's general index (DFMGI) reached 6,086.19, with its market capitalisation surpassing the Dh1 trillion mark.A total of 6,086 trades were executed on the DFM, involving 217 million shares with a combined value of Dh662 million. Share prices of 26 companies rose, 16 declined, and 10 remained unchanged. Emaar Developments and Emirates NBD led the rally with gains of 3.4% and 2.9%, respectively.
Al Etihad
6 days ago
- Business
- Al Etihad
UAE stock markets hit new peaks as DFM index is up by a massive 2.2%
17 July 2025 19:12 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets continue to scale new peaks on Thursday as the Abu Dhabi Securities Exchange's general index (FADGI) rose 0.650% and the Dubai Financial Market (DFM)'s index (DFMGI) was up by a massive 2.154%.The optimism over the second-quarter earnings appears to be a significant driving force behind the UAE market rally. The ADX main index closed at 10,242.49, with its market capitalisation reaching Dh3.132 trillion. The main market's market cap too crossed the Dh1 trillion Abu Dhabi Bank (FAB), Multiply Group and Aldar led the rally with their share prices rising 3.5%, 3% and 1.6%, respectively.A total of 37,057 trades were executed, involving 433 million shares with a combined value of Dh1.60 top gainers on the ADX included Commercial Bank International (+10.11%), Bank of Sharjah (+8.11%) and UAQ National Bank (+6.4%).Notable decliners were Oman and Emirates Investments (-10.00%) and National Co. for Building Materials (-4.54%).The DFM's general index crossed the 6,000 milestone to reach 6103.09 with its market cap well above the Dh1 trillion mark.A total of 16,914 trades were executed on the DFM, involving 327 million shares with a combined value of Dh967 prices of 22 companies rose, 20 declined, and 11 remained stocks — Emirates NBD and Dubai Islamic Bank — led the rally with a 4% and 1.9% surge, respectively. Air Arabia rose 3.9% as Air Arabia Abu Dhabi has decided to increase its operational capacity by 40% following a new opportunity in the Abu Dhabi market. Realty giants — Emaar and Emaar Developments — saw a spike of over 2%. Stock Markets Continue full coverage
Reuters
6 days ago
- Business
- Reuters
Most Gulf markets gain on earnings boost, but Saudi index extends losses
July 17 (Reuters) - Most major stock markets in the Gulf rose on Thursday, lifted by positive corporate earnings and announcements, although the Saudi index was set to extend losses for an eighth consecutive session. Dubai's main share index (.DFMGI), opens new tab advanced 1.2%, hitting a 17-1/2-year high, buoyed by financial shares. Shares of Emirates NBD ( opens new tab jumped 4%, on course to gain for a third consecutive session, after the top lender announced it had concluded 3.9 billion dirhams ($1.06 billion) in syndicated loans for Dubai Metro's Blue Line Project. Budget airliner Air Arabia ( opens new tab advanced 5.1% to a record high on plans to increase its Abu Dhabi unit's operational capacity by 40% this year, following Wizz Air Abu Dhabi's exit from the market. In Abu Dhabi, the index (.FTFADGI), opens new tab added 0.6%. The Qatari index (.QSI), opens new tab gained 0.5%, supported by a 2.6% rise in Qatar Islamic Bank ( opens new tab after the lender reported higher half-yearly profit. The sharia-compliant lender reported on Wednesday a first-half net profit of 2.18 billion riyals ($598.46 million), up 5.3% from last year. Shares of Commercial Bank of Qatar ( opens new tab dropped 1.3%, a day after the lender posted a nearly 20% decline in net profit for the six-month period ended June 30. Saudi Arabia's benchmark index (.TASI), opens new tab eased 0.2%, on course to fall for a eighth consecutive session, with Al Rajhi Bank ( opens new tab losing 0.8%. Elsewhere, oil giant Saudi Aramco ( opens new tab was down 0.7%. ($1 = 3.6427 Qatar riyals) ($1 = 3.6726 UAE dirham)
Al Etihad
15-07-2025
- Business
- Al Etihad
ADCB Q2 results spark ADX rally
15 July 2025 21:40 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets continued to make gains as expectations are rising over the upcoming second quarter results of various listed companies. The Abu Dhabi Securities Exchange (ADX) continued its positive trajectory with its general index (FADGI) rising by 0.872% to close at 10,150.65. Abu Dhabi Commercial Bank (ADCB) led the rally with its share price rising by 7.6% after it reported second quarter net profit of Dh2.32 billion, exceeding analysts' estimates. Multiply Group and Aldar Properties are the two other blue chips which contributed to the rally with 7.7% and 2.75% rises, respectively. A total of 33,108 trades were executed, involving 494 million shares with a combined value of Dh1.87 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.116 trillion. Other top gainers on the ADX included Bank of Sharjah (BoS) (+5.94%), and Pure Health (+4.2%). BoS too reported good second quarter results. Notable decliners were UAQ Investments (-9.05%), Al Wathba Insurance (-8.15%), and Agility Global (-7.52%). The Dubai Financial Market (DFM) continued its rally with its general index (DFMGI) rising by 0.981% to close at 5,914.05. A total of 15,642 trades were executed on the DFM, involving 610 million shares with a combined value of Dh961 million. Share prices of 28 companies rose, 19 declined, and seven remained unchanged. Emirates NBD led the rally with a 5.2% surge followed by Emaar and Emaar Development, which rose 1.74% and 1.4%, respectively. Among the other top gainers were Al Ramz Capital (+15%), Ekttitab Holdings (+14.88%), and Ithmaar Holding (+7.48%). On the losing side, BHM Capital fell by 4.51%, followed by Union Properties (-4.23%) and TECOM (-1.48%). Stock Markets Continue full coverage
Al Etihad
15-07-2025
- Business
- Al Etihad
ADCB Q2 results sparks ADX rally
15 July 2025 21:40 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets continued to make gains as expectations are rising over the upcoming second quarter results of various listed companies. The Abu Dhabi Securities Exchange (ADX) continued its positive trajectory with its general index (FADGI) rising by 0.872% to close at 10,150.65. Abu Dhabi Commercial Bank (ADCB) led the rally with its share price rising by 7.6% after it reported second quarter net profit of Dh2.32 billion, exceeding analysts' estimates. Multiply Group and Aldar Properties are the two other blue chips which contributed to the rally with 7.7% and 2.75% rises, respectively. A total of 33,108 trades were executed, involving 494 million shares with a combined value of Dh1.87 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.116 trillion. Other top gainers on the ADX included Bank of Sharjah (BoS) (+5.94%), and Pure Health (+4.2%). BoS too reported good second quarter results. Notable decliners were UAQ Investments (-9.05%), Al Wathba Insurance (-8.15%), and Agility Global (-7.52%). The Dubai Financial Market (DFM) continued its rally with its general index (DFMGI) rising by 0.981% to close at 5,914.05. A total of 15,642 trades were executed on the DFM, involving 610 million shares with a combined value of Dh961 million. Share prices of 28 companies rose, 19 declined, and seven remained unchanged. Emirates NBD led the rally with a 5.2% surge followed by Emaar and Emaar Development, which rose 1.74% and 1.4%, respectively. Among the other top gainers were Al Ramz Capital (+15%), Ekttitab Holdings (+14.88%), and Ithmaar Holding (+7.48%). On the losing side, BHM Capital fell by 4.51%, followed by Union Properties (-4.23%) and TECOM (-1.48%). Stock Markets Continue full coverage
