29-04-2025
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%).
