ADCB Q2 results spark ADX rally
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
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
4 hours ago
- Al Etihad
Emirates Driving Company's net profit up by 33% YoY in H1 2025
28 July 2025 13:54 A. SREENIVASA REDDY (ABU DHABI)Emirates Driving Company, a leader in driver education in Abu Dhabi, reported a net profit of Dh158.9 million for the first half of 2025, marking a 33% increase from Dh119.29 million in the same period last company, listed on the Abu Dhabi Securities Exchange (ADX), disclosed its financial performance for the period ending 30 June 2025 in a management report published on the exchange's before tax rose by 41% year-on-year to Dh184.38 million, compared to Dh130.93 million in the first half of 2024. Operational profit stood at Dh154.31 million, up from Dh103.47 million, while EBITDA rose by 55% to Dh193.52 million. The company attributed its robust growth to higher student enrolment, geographic expansion, improved operational efficiency, and the acquisition of a new more than doubled to Dh353.34 million in the first half of the year, up 101% from Dh175.80 million in the corresponding period last year. Gross profit also climbed significantly to Dh227.39 million from Dh139.41 million. The growth came alongside a rise in direct expenses and general and administrative costs, both driven by the company's expanding scale of the increase in expenses, the company said profitability remained strong. The profit was further supported by Dh33.02 million in income from financial assets, asset sales, rental returns, and other assets slightly decreased by 1% to Dh1.66 billion as of 30 June 2025, compared to Dh1.67 billion at the end of 2024. Cash and cash equivalents, however, rose to Dh738.46 million from Dh721.73 declined by 2% to Dh1.32 billion, primarily due to dividend distributions, while liabilities increased by 6% over the same period to Dh332.46 million. Market capitalisation reached Dh3.13 billion at the end of June 2025, a modest increase from Dh3.02 billion at year-end 2024. Over a five-year period, the company's market value has grown by 65%, underscoring steady investor confidence and long-term growth.
Web Release
5 hours ago
- Web Release
Union Properties signs AED 700 million sale agreement, paving way for sustainable growth
Union Properties PJSC ('Union Properties' or the 'Company') (DFM symbol: UPP), has signed a conditional sale agreement valued at AED 700 million for a significant Real Estate project in Motor City. This marks a pivotal milestone in the Company's strategic roadmap, effectively concluding its comprehensive recovery plan which was designed to resolve all legacy debt settlements and restore long-term financial strength. Building on a record AED 1.3 billion in plot sales achieved in 2024 as part of its comprehensive debt restructuring strategy, this latest agreement is expected to be recognized in the Company's Q4 2025 financials. Importantly, the Real Estate project will contribute meaningfully to the continued evolution of MotorCity, one of Dubai's most established and sought-after communities. Structured under a deferred payment framework, the agreement further reinforces Union Properties' disciplined financial approach, with the initial deposit already secured, ensuring strong cash flow visibility and continued balance sheet optimization. Upon completion, the proceeds will enable the Company to fully settle its legacy debt, marking the culmination of a multi-year recovery strategy. This milestone positions the Company to pivot decisively toward a new phase of sustainable growth, strategic capital deployment, and long-term value creation for its shareholders. Eng. Amer Khansaheb, CEO and Board Member of Union Properties, commented on the achievement, stating: 'This transaction is more than a sale – it is a signal of strength. With this transition, we bring our recovery plan to a close, settle all legacy debts, and lay the foundation for a bold new chapter. This milestone reflects not only the trust and confidence of the market in our vision, but also the resilience and discipline of our team in executing one of the most successful turnaround strategies in the sector. Today, we build from a position of strength, focused on strategic development, long-term value creation, and a sustainable impact across the UAE's Real Estate landscape.' Union Properties remains committed to delivering value-driven, market-responsive developments that elevate communities and support Dubai's broader urban vision. As the Company continues to execute its strategic objectives, this landmark transaction signals its resilience, agility, and forward momentum in an increasingly competitive market.
Zawya
8 hours ago
- Zawya
UAE: Apex Investment records higher profits at $19.48mln in H1-25
Abu Dhabi – Apex Investment Company logged net profits after tax amounting to AED 71.59 million in the first half (H1) of 2025, compared to AED 23.01 million in H1-24. The ADX-listed firm posted revenues worth AED 399.86 million as of 30 June 2025, an annual plunge from AED 425.23 million, according to the financial results. Basic earnings per share (EPS) grew to AED 0.020 in H1-25 from AED 0.006 during the same period in 2024. Financials for Q2 In the second quarter (Q2) of 2025, the company's net profits hiked to AED 97.19 million from AED 18.74 million a year earlier, while the revenues shrank to AED 203.45 million from AED 229.91 million. The basic EPS stood at AED 0.027 in the three-month period that ended on 30 June 2025, up from AED 0.005 in Q2-24. As of 31 March 2025, Apex Investment turned to net losses valued at AED 25.59 million, against net profits worth AED 4.27 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
