ADX's main index breaches 10,000 mark for the first time
A. SREENIVASA REDDY (ABU DHABI)The main index of the Abu Dhabi Securities Exchange (ADX) — the FTSE ADX General Index (FADGI) — crossed the 10,000-point threshold for the first time in its history, marking a significant milestone for the emirate's capital markets.At the close of trading on Tuesday, the index ended at 10,006.87, after touching an intraday high of 10,026, underscoring continued investor confidence in Abu Dhabi equities. The index had previously breached the 10,000 mark on July 4, but only briefly before closing below that level.FADGI, launched in 2022 as part of a strategic index partnership between ADX and FTSE Russell, serves as the primary benchmark for tracking the performance of listed equities on the ADX Main Market. It includes all companies that meet eligibility requirements for liquidity and free float, offering a transparent view of the market's breadth.The index is a float-adjusted, market capitalisation-weighted benchmark that reflects the overall health of Abu Dhabi's economy, with representation across sectors such as real estate, banking, energy, and industrials. It is up 6.3% year-to-date, and approximately 9.7% over the past 12 months.The FADGI underpins multiple exchange-traded funds (ETFs) and structured investment products, and plays a crucial role in regional and global index inclusion efforts — notably with MSCI and the FTSE Global Equity Index Series.
FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives.
Stock Markets
Continue full coverage
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
7 hours ago
- Al Etihad
Space42 reports net profit of $53 million in H1 2025
7 Aug 2025 00:40 ABU DHABI (ALETIHAD)Space42, ADX-listed SpaceTech company, reported a stable performance for the first half of 2025, achieving a normalised net profit of $53 million—matching its result from the same period last year, but with improved margins. Despite a 17% year-on-year decline in revenue to $226 million, the company demonstrated operational resilience with a 4-percentage-point increase in profit margin, reaching 23%.EBITDA for the period stood at $112 million, down 14% from H1 2024, though margins rose by 2 percentage points to 49%.Space42 closed the half-year with a robust liquidity position, holding $816 million in cash and short-term deposits. The company also secured a $0.7 billion Export Credit Agency-backed financing facility, backed by a substantial $6.8 billion in contracted future expenditure reached $109 million, while the firm maintained a negative net debt position of $478 million and a healthy net leverage ratio of - on the results, Karim Sabbagh, Managing Director of Space42, said: 'H1 2025 demonstrates our commitment to operational excellence and capability building. The momentum across our platform shows that our dual-use capabilities deliver both commercial success and strategic value. With Thuraya-4 entering commercial operation and our programmatic approach taking hold, combined with sustained optimisation, we're positioned for growth aligned with market demand.'The company's Space Services segment grew 2% year-on-year in Q2 2025, generating $100 million in revenue, with notable expansion in the oil and gas Solutions, while impacted by the phasing of long-term projects, continued to scale up manufacturing and analytics capabilities, positioning itself for stronger performance in H2. Space42 was formed in 2024 by the merger of Bayanat and Yahsat. Major shareholders include G42, Mubadala, and IHC. Source: Aletihad - Abu Dhabi
Al Etihad
11 hours ago
- Al Etihad
Burjeel Holdings reports 129% surge in Q2 profit
6 Aug 2025 20:41 A. SREENIVASA REDDY (ABU DHABI) Burjeel Holdings recorded a sharp 128.9% year-on-year surge in second-quarter net profit to Dh148 million, driven by strong revenue growth, improved patient yield, and operational efficiencies across its expanding healthcare in Q2 2025 rose 18.7% to Dh1.4 billion, while EBITDA jumped 59.4% to Dh306 million, reflecting stronger margins and the benefits of asset optimisation. The quarterly performance significantly boosted the group's first-half results, with net profit for H1 reaching Dh187 million — up 10.6% from Dh169 million in the same period last revenue rose 12.2% to Dh2.68 billion, supported by sustained demand for complex care services and expansion across key specialties. EBITDA for H1 stood at Dh487 million, marking a 14.2% increase over the prior robust performance was underpinned by a 12% increase in patient footfall in Q2. Across the first half, total patient visits rose to 3.4 million, with outpatient numbers up 8.6% to 3.28 million and inpatient footfall climbing 14.6% to 88,000. The Group also performed nearly 23,000 surgeries in Q2, representing an 18.7% annual increase, while bed occupancy improved to 69% from 65% in the year-ago quarter.'The second quarter delivered exceptionally strong results, with 19% revenue growth driven by a 12% increase in patient footfall and improved yield. EBITDA rose by 59%, accompanied by a margin uplift to 22%,' said CEO John Sunil.'These results reflect tangible progress in key operational areas such as physician manpower optimisation, formulary management, and cost control, while our strategic focus on super-specialty care is beginning to yield measurable benefits, enhancing both revenue and profitability,' he added. Sunil said the Group's oncology platform is now the UAE's largest private network and highlighted the growth in services related to transplants, fertility, mental health, and diagnostics. He reaffirmed Burjeel's focus on converting recent investments into sustained expansion and margin improvement. Source: Aletihad - Abu Dhabi
Al Etihad
15 hours ago
- Al Etihad
United Arab Bank successfully raises Dh1.03 billion through Rights Issue
6 Aug 2025 16:38 SHARJAH (WAM) United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced the successful completion of its capital increase, which ended on July 29, Rights Issue raised Dh1,031 billion increasing the Bank's issued capital from Dh2,062 billion to Dh3,093 billion. The newly issued shares were priced at Dh1 per share and all necessary regulatory approvals have been obtained for this Rights Issue was oversubscribed, underscoring UAB's robust fundamentals and strong performance as a result of the diligent execution of its turnaround Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of the on the Rights Issue success, His Highness Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Directors of United Arab Bank, said, 'We are deeply grateful for the trust and support of our shareholders in this Rights Issue. The strong response we have received will further strengthen our balance sheet, mark a new chapter in UAB's progress, and reaffirm our commitment to delivering value to our shareholders. In addition, it will enhance our financial resilience, and position us to continue contributing to the UAE economy and its sustainable development agenda.'He added, 'We also extend our sincere appreciation to the Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Abu Dhabi Securities Exchange (ADX) and all our transaction partners whose support and collaboration were instrumental in ensuring the success of this Rights Issue.'CEO of United Arab Bank, Shirish Bhide, commented on the announcement, 'The success of the Rights Issue reflects the confidence that our shareholders have in the Bank and our future endeavours. This step represents an important milestone in strengthening UAB's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the next phase of our strategy, ensuring we are well-positioned to meet evolving regulatory requirements, support our clients' needs, and deliver sustainable returns to our shareholders.' UAB posted a net profit of Dh208 million for the first half of 2025, compared to Dh139 million for the same period last year, representing a 50% year-on-year increase. Total income rose by 24% year-on-year to Dh374 million.
