Latest news with #ADX
Al Etihad
10 hours ago
- 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
12 hours ago
- 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
Al Etihad
3 days ago
- Business
- Al Etihad
UAE stock markets cross Dh4 trillion milestone
13 July 2025 17:35 A. SREENIVASA REDDY (ABU DHABI)The combined market capitalisation of stocks listed on the UAE's stock markets has recently crossed Dh4 trillion, driven by a strong rally in both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).The total market capitalisation of all stocks listed on ADX — including both the main and growth markets — stood at Dh3.099 trillion as of Friday's exchange has consistently maintained its market cap above the Dh3 trillion mark in recent weeks, with its benchmark FTSE ADX General Index (FADGI) standing at 10,064.81 when the markets closed on Friday (July 11).ADX recently marked a key milestone with the listing of a $100 million digital bond by First Abu Dhabi Bank, in partnership with HSBC. The FADGI has gained 6.9% so far in 2025, while the exchange's total market capitalisation has grown by 3.3%, according to the latest bulletin from Kamco has also witnessed a remarkable upswing, with its total market capitalisation reaching Dh996.434 billion, as per Kamco Invest data. The DFM General Index (DFMGI) climbed to 5,854.99 on Friday (July 11), reflecting a 13.5% gain so far this year. The DFM has posted gains for three consecutive weeks, with the index now at a 17-year estate has been a key driver of the Dubai market, led by strong performances from Emaar and Emaar exchange also welcomed the listing of Dubai Residential REIT, which raised Dh2.15 billion via its IPO. A second REIT, Al Mal Capital REIT, has launched a follow-on public offering (FPO) aiming to raise Dh242 both ADX and DFM combined, the total market capitalisation stands at Dh4.095 trillion, equivalent to approximately $1.115 comparison, the Saudi stock market remains the region's largest, with a market capitalisation of $2.49 trillion, according to Kamco Invest's latest data.'The UAE's stock markets crossing Dh4 trillion is a remarkable milestone that reflects the strength and dynamism of the country's economy,' said Samer Mardini, Chief Investment Officer at a family office in Dubai.'The impressive growth in both Abu Dhabi and Dubai markets is driven by rising investor confidence, successful IPOs, and innovations like digital bonds. It signals a bright future. It's an exciting time, and the momentum points toward even greater opportunities ahead,' he added. Commenting on the rise of realty stocks in the UAE, Milad Azar of XTB MENA said: 'The rise of REITs shows growing market maturity and investor access. While still behind Saudi Arabia's $2.49 trillion market, the UAE is gaining ground through innovation, diversification, and investor confidence across both traditional and digital sectors.' Source: Aletihad - Abu Dhabi
Khaleej Times
3 days ago
- Business
- Khaleej Times
UAE-based IHC alerts residents about online scammers using firm name, logo
International Holding Company (IHC), which has the highest market capitalisation in the UAE, has asked people in the country to be aware of scammers who use the company's name, logo and the names of employees for fraudulent investment opportunities. The Abu Dhabi-headquartered company warned that these scamsters are trying to extract UAE residents' personal and financial details, such as credit card and bank details; therefore, they don't make payments to unknown sources. "IHC would like to bring to the public's attention that the company's name, employee's names, and the company logo are being used by scammers to advertise fraudulent investment opportunities and tenders online and asking individuals/entities to provide personal and business information, and credit card and/or bank details in order to pay tender fee's or invest in the company," the company said in a statement to Abu Dhabi Securities Exchange – where the company is listed. The company's market capitalisation at the end of last week was Dh879.6 billion, and its shares were trading at around Dh400 per share. IHC, the global investment company focused on building dynamic value networks, achieved revenue of Dh27.2 billion in the first quarter of 2025, a 41.1 per cent increase compared to Dh19.3 billion in Q1 2024. It reported a profit after tax of Dh4.1 billion. "Before making any payments to unknown sources, we advise you always to verify that emails or domains claiming to be from IHC are legitimate by checking the sender's email address. Official communications will always come from an @ domain," the company said in the statement to inform UAE residents and its shareholders. The company emphasised that it will never send tender requests or communications requesting personal, business or financial information via email, mail, or any other means or ask you to make any payment or investments by such means. "If you ever receive such a request claiming to be from us, please treat it with caution and do not provide any sensitive information."
Fintech News ME
7 days ago
- Business
- Fintech News ME
Abu Dhabi Securities Exchange, HSBC, FAB Begin Pricing for MENA's First Blockchain Bond
The Abu Dhabi Securities Exchange (ADX) has initiated the pricing stage for what will be the region's first bond issued using distributed ledger technology (DLT). The bond, issued by First Abu Dhabi Bank (FAB) via HSBC Orion, a digital assets platform operated by Hong Kong's Central Moneymarkets Unit (CMU), marks a notable development in ADX's efforts to support financial innovation and the UAE's digital economy agenda. The listing is the result of a collaboration between ADX, FAB, and HSBC, combining regional financial institutions with international digital issuance expertise. The structure of the bond has been supported by major international law firms to ensure compliance with global governance standards. Institutional investors will be able to access the digital bond through accounts held with CMU, Euroclear, or Clearstream. Participation is available either as a direct HSBC Orion participant or through custodians connected to these platforms. Digital bonds, or fixed-income instruments recorded on blockchain, are intended to enhance efficiency, shorten settlement cycles, reduce counterparty risks, and improve transparency and security. Their introduction on ADX is part of a broader strategy to diversify financial offerings and integrate tokenised finance into the capital markets. HSBC acted as the sole global coordinator, lead manager, and bookrunner for the transaction, playing a key role in bringing blockchain-based issuance to the region. Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, stated: 'The successful issuance of MENA's first blockchain-based digital bond, in close collaboration with FAB and HSBC, marks a defining moment in our journey to transform capital markets through innovation. ADX was central in facilitating this milestone, ensuring the bond's seamless integration with existing post-trade infrastructure and compatibility with global settlement standards.' Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East Limited, said: 'The successful launch of MENA's first digital bond on ADX using HSBC Orion shows how we are transforming the promise of tokenisation into reality for our region. By combining our global experience with trusted local partners, ADX and FAB, we're helping bolster the region's capital markets, making them more transparent, efficient and accessible to investors.' Designed to be compatible with global settlement infrastructure, the bond aims to bridge traditional financial markets with digital issuance models, supporting broader institutional access to digital securities.
