Latest news with #FADGI
Al Etihad
4 days ago
- 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.
Al Etihad
23-04-2025
- Business
- Al Etihad
UAE stocks surge as Trump signals a break in trade war
23 Apr 2025 20:21 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets appear to have staged a comeback after a prolonged period of volatility triggered by the US policy on tariffs. US President Donald Trump said he had no plans to fire Federal Reserve Chair Jerome Powell and hinted at lower tariffs for China, offering some relief to troubled markets. The Abu Dhabi Securities Exchange's (ADX) general index (FADGI) was up by 0.729%, reaching 9,324.13 points. A total of 22,055 trades were recorded, involving 404 million shares with a combined value of Dh1.296 billion. The total market capitalisation of all companies listed on the ADX reached Dh2.881 ADX rally was led by gains made by premium stocks — Multiply (7.34%), Aldar (3.56%), Alpha Dhabi (2.40%) and Presight (4.89%). The other top gainers in the ADX include Pure Health (+4.89%), Sharjah Cement and Industrial Development (+4.62%) and Hayah Insurance (4.57%), while notable losers were National Takaful (-9.89%), Eshraq Investments (-3.07%) and Sudatel Telecommunications (-1.85%). Dubai Financial Market (DFM) DFM's general index (DFMGI) was up by a big 1.382% to reach 5205.34 points.A total of 12,494 trades were executed at the DFM, involving 291 million shares with a combined value of Dh653 million. The prices of 34 companies rose, while 12 declined, and 6 remained unchanged. Among the top gainers were Mazaya Holding (+14.54%), United Foods (+8.33%) and Orascom Construction (+7.84%). The most notable losers included National General Insurance (-9.89%), International Financial Advisors (-8.18%), Ithmaar Holding (-2.91%) and Dubai Refreshment Company (-1.48%). The DFM rally was led by blue chip stocks such as Emaar (+3.64%), Emaar Developments (+5.48) and Emirates NBD (+2.51)Emirates NBD reported net profit of Dh6.2 billion for the first quarter, beating analysts' expectations of about 5.1 billion in the Gulf, Saudi Arabia's benchmark index (TASI) finished 0.8% higher, led by a 3.6% rise in ACWA Power Company and a 2.5% increase in Saudi Telecom Company, according to a Reuters report. The Qatari index (QSI) climbed 1%, with the Gulf's biggest lender Qatar National Bank rising 0.9%.Outside the Gulf, Egypt's blue-chip index (EGX30) jumped 2.6%, as most of its constituents were in positive territory including Commercial International Bank, which was up 2.9%.
Al Etihad
10-04-2025
- Business
- Al Etihad
UAE markets surge after Trump pauses tariff war
10 Apr 2025 21:18 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets surged on Thursday after US President Donald Trump paused his decision to impose tariffs on all imports. The Abu Dhabi Securities Exchange's (ADX) general index (FADGI) was up by 0.652%, reaching 9,124.85 points. A total of 30,725 trades were recorded, involving 541 million shares with a combined value of Dh1.734 billion. The total market capitalisation of all companies listed on the ADX reached Dh2.822 rally was led by gains made by premium stocks — International Holding Company (0.17%), Borogue (0.76%), ADNOC Gas (4.56%), Fertiglobe (5.26%) and Aldar (1.84%). Top gainers in the ADX included RAK Co. for White Cement (+6.54%), AD Ports (+6.53%), Burjeel Holdings (+6.06%) and Americana Restaurants (+5.55%), while notable losers were E7W (-7.38%), Phoenix Group (-5.32%) and Hayah Insurance (-3.12%).In a major development, Multiply Group signed a Memorandum of Understanding (MoU) with Saudi Media Company (SMC) to explore potential collaboration and mutual investment opportunities in the development of advanced advertising technology platforms. DFMDFM's general index (DFMGI) was up by a big 1.659% to reach 4974.07 points.A total of 14,640 trades were executed at the DFM, involving 321 million shares with a combined value of Dh922 million. The prices of 31 companies rose, while 13 declined, and 6 remained unchanged. Among the top gainers were Commercial Bank of Dubai (+5.20%), Spinneys (+4.89%) and Emmar Development (+4.63%). The most notable losers included National Industries (-9.90%), Emirates Investment Bank (-9.39%), Al Ramz Investment (-9.17%) and Aramex (-4.32%). BHM Capital Financial Services has been appointed as the liquidity provider for Alpha Data shares listed on the ADX. In a statement posted on the DFM site, BHM Capital said it will provide liquidity for Alpha Data shares by entering two-way daily quotes in compliance with the regulations set by the ADX and the UAE Securities and Commodities Authority (SCA). In another development, Al Ansari Financial Services parent of Al Ansari Exchange, announced the successful completion of its acquisition of BFC Group Holdings, solidifying its position as the largest non-banking financial institution in the GCC region in terms of branch network.
