UAE stock markets reach new peaks
26 June 2025 20:37
A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets reached new peaks on Thursday following positive momentum generated by easing tensions between the US, Israel, and Iran.The Abu Dhabi Securities Exchange (ADX) continued its positive trajectory with its general index (FADGI) rising by 0.766% to close at 9,886.23. A total of 32,750 trades were executed, involving 660 million shares with a combined value of Dh1.88 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.083 trillion.RAK Properties led the rally with a 7.6% gain, followed by Abu Dhabi Commercial Bank with a 2.69% rise, and Eshraq Investments with a 4.35% increase. Other top gainers on the ADX included Al Khaleej Investments (+7.93%), Abu Dhabi Co. for Building Materials (+7.48%), and Alpha Data (+6.41%). Notable decliners were Oman and Emirates Investment Holding (-10.00%), Sharjah Cement (-3.09%), and Presight (-2.86%).The Dubai Financial Market (DFM) continued its rally for the sixth straight session with its general index (DFMGI) rising by 1.256% to close at 5,683.91, its highest level in 17 years. A total of 14,863 trades were executed on the DFM, involving 469 million shares with a combined value of Dh954 million. Share prices of 35 companies rose, nine declined, and 10 remained unchanged.
Dubai Islamic Bank led the rally with a 4.91% rise in share price, followed by Union Properties (2.81%) and Salik (2.2%). Among the other top gainers on Monday were Sukoon Takaful (+11.43%), Chimera S&P UAE Shariah ETF (+6.18%), and National International Holding (+3.89%). On the losing side, International Financial Advisors fell by 9.89%, followed by Al Salam Sudan (-1.48%), Islamic Arab Insurance (-0.98%), and Dubai Residential REIT (-0.81%).
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