Latest news with #FADGI
Al Etihad
6 days ago
- 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
Al Etihad
09-06-2025
- Business
- Al Etihad
UAE markets continue rally with DFM rising by more than 1%
9 June 2025 20:19 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets continued their momentum on Monday, with the Dubai Financial Market rising by more than 1% on the first day of trading after the four-day Eid break. The Abu Dhabi Securities Exchange (ADX) recorded its third consecutive session of gains, with its general index (FADGI) rising by 0.135% to close at 9,748.13. A total of 25,847 trades were executed, involving 502 million shares with a combined value of Dh1.334 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.012 led the rally with a 1.56% gain, followed by e& with a 0.58% rise and ADNOC Gas with a 0.3% increase. Aldar has announced plans to establish the region's first King's College School Wimbledon in Abu Dhabi as part of the recently announced project Fahid Island. Multiply, whose shares rose by 0.87% on Monday, announced a new media brand bringing all its outdoor advertising companies under one banner. Other top gainers on the ADX included E7W Warrants (+14.93%), Al Wathba National Insurance (+13.92%), and Abu Dhabi National Takaful (+13.64%). Notable decliners were Gulf Medical Projects (-6.05%), Investcorp (-2.94), and National Bank of Fujairah (-2.63%). DFM The Dubai Financial Market's general index (DFMGI) rose by 1.026% to close at 5,592.75, its highest point since 2008, with almost all sectors in positive territory. A total of 20,636 trades were executed on the DFM, involving 834 million shares with a combined value of Dh1 billion. Share prices of 30 companies rose, 15 declined, and 10 remained the real estate giant, was the star performer with its stock rising by nearly 15% to reach Dh1.06. Deyaar Chief Executive Officer Saeed Mohammed Al Qatami recently wondered at a press conference why his company's stock price was less than a dirham when its book value was well above Dh1. Deyaar is often overtaken in optics by its better-known rivals — Emaar and Emaar Developments. Another blue-chip company, Salik, surged by 2.27%, leading to one of the biggest recent rallies. Among the other top gainers were Union Properties (+14.87%), Al Mal Capital REIT (+10%), and Emirates REIT (+9.43%). On the losing side, Al Mazaya Holding fell by 8.84%, followed by Emirates Islamic Bank (-5.65%), Amlak (-4.24%), and National Industries (-2.01%). Monday was the last day of trading for Emirates Islamic as its 100% ownership was acquired by its parent company, Emirates NBD. Amlak Finance, in a disclosure, clarified that the recent price rally was triggered by the company's decision to proceed with the execution of the sale of the Ras Al Khor plots to Emaar Development for a total consideration of Dh2.9 billion. Stock Markets Continue full coverage
Al Etihad
04-06-2025
- Business
- Al Etihad
UAE stock markets consolidate ahead of 4-day Eid-break
4 June 2025 22:07 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets consolidated gains on Wednesday ahead of the upcoming four-day Eid Al Adha Abu Dhabi Securities Exchange (ADX) recorded its second consecutive session of gains, with its general index (FADGI) rising by 0.449% to close at 9,734.99. A total of 25,971 trades were executed, involving 373 million shares with a combined value of Dh1.443 total market capitalisation of all companies listed on the ADX stood at Dh3.003 trillion, a milestone it had crossed earlier this week for the second Dhabi Islamic Bank led the rally with a 2.43% gain, followed by First Abu Dhabi Bank with a 2.13% rise and ADNOC Gas with a 0.92% top gainers on the ADX included E7W Warrants (+14.92%), Fujairah Cement (+14.88%), and Abu Dhabi Ship Building (+13.47%). Notable decliners were National Bank of Fujairah (-9.52%), Eshraq Investments (-4.42%), and Finance House (-4.35%).Shares of Abu Dhabi Ship Building surged after it secured a Dh7 billion contract from its shareholder EDGE Group for the supply of missile boats to the Kuwait Naval Forces. DFMThe Dubai Financial Market's general index (DFMGI) rose by 0.255% to close at 5,535.93 points. The index has posted annual gains every year since 2021, climbing 27% last year and up 7% so far in 2025. A total of 18,583 trades were executed on the DFM, involving 389 million shares with a combined value of Dh930 million. Share prices of 20 companies rose, 24 declined, and 10 remained the top gainers were Amlak Finance (+14.58%), Dubai Refreshment (+13.07%), and Dubai Financial Market (+5.96). On the losing side, Al Mazaya Holding fell by 7.14%, followed by National Cement (-2.70%), Emaar Development (-2.62%), and Tabreed (-2.53%). Amlak Finance drove the day's performance on the DFM, emerging as the most actively traded stock in terms of both value and volume. Source: Aletihad - Abu Dhabi
Al Etihad
29-04-2025
- Business
- Al Etihad
FAB, Aldar Q1 results trigger ADX rally
29 Apr 2025 23:33 A. SREENIVASA REDDY (ABU DHABI)The Abu Dhabi Securities Exchange (ADX) continued its surge on Tuesday with its general index (FADGI) rising by 0.632% to reach 9,527.50, following positive earnings reports for the first quarter of 2025 released by the top lender FAB and property giant biggest bank FAB exceeded first-quarter estimates. It reported a net profit of Dh5.13 billion, beating analysts' average expectations of Dh4.24 billion. Abu Dhabi-based property giant Aldar reported a net profit after tax of Dh1.9 billion in Q1 2025, rising by 22% stocks traded higher and in bigger volumes after the positive earnings reports.A total of 25,618 trades were recorded, involving 808 million shares with a combined value of Dh2.251 billion. The total market capitalisation of all companies listed on the ADX reached Dh2.927 other top gainers in the ADX included Abu Dhabi National Takaful (+14.86%), Emirates Insurance (+11.11%) and National Corporation for Tourism and Hotels (6.08%), while notable losers were Aram Group (-9.33%), NMDC (-3.40%) and Multiply (-3.21%) DFM DFM's general index (DFMGI) rose by 0.476% to reach 5241.3 points. Slight upticks in blue-chip stocks Emirates NBD, Emaar and Emaar Developments pushed the stock index higher.A total of 10,541 trades were executed at the DFM, involving 142 million shares with a combined value of Dh482 million. The prices of 23 companies rose, while 18 declined, and 12 remained unchanged. Among the top gainers were National General Insurance (+11.94%), National Cements (+5.76%) and National Industries Group (+5.61%). The most notable losers included National International Holding (-7.73%), Orascom Constructions (-3.70%), Aman Insurance (-2.26%) and DU (-1.80%).
Al Etihad
24-04-2025
- Business
- Al Etihad
ADX index up by more than 1%
24 Apr 2025 20:45 A. SREENIVASA REDDY (ABU DHABI)The Abu Dhabi Securities Exchange (ADX) continued its surge on Thursday with its general index (FADGI) rising by 1.081% to reach 9,424.93. A positive atmosphere returned to stock markets amid renewed hopes of a trade agreement between the US and China.A total of 33,427 trades were recorded, involving 623 million shares with a combined value of Dh1.959 billion. The total market capitalisation of all companies listed on the ADX reached Dh2.904 ADX rally was led by gains made by premium stocks — Multiply (7.36%), Aldar (2.82%) and Abu Dhabi Islamic Bank (ADCB) (2.90%). ADCB reported stellar first-quarter results on Wednesday. The other top gainers in the ADX include Gulf Pharmaceutical (+14.40%), Burjeel Holding (+9.72%) and Abu Dhabi Company for Building Materials (4.57%), while notable losers were Emirates Insurance (-9.87%), Aram Group (-6.25%) and E7 Warrants (-6.09%).DFMDFM's general index (DFMGI) was down by 0.183% to reach 5195.82 points. The DFM ended a five-session winning streak, impacted by a 0.8% fall in property giant Emaar Properties. A total of 13,840 trades were executed at the DFM, involving 251 million shares with a combined value of Dh626 million. The prices of 16 companies rose, while 26 declined, and 10 remained unchanged. Among the top gainers were National Industries Group (+9.00%), National General Insurance (+7.97%) and Al Mal Captial REIT (+7.21%). The most notable losers included Dubai Islamic Insurance (-7.65%), Mazaya Holding (-4.76%), ENBD REIT (-4.37%) and Al Salam Bank (-3.03%). Dubai Islamic Bank, a DFM-listed bank, reported a Dh2.1 billion pre-tax profit, reflecting a 14% year-on-year increase, driven primarily by growth in quality earning assets. Robust deposit mobilisation led to a 3% expansion of the balance sheet to Dh355 billion.
