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UAE stock markets report steady gains in May despite global volatility
UAE stock markets report steady gains in May despite global volatility

Al Etihad

time01-06-2025

  • Business
  • Al Etihad

UAE stock markets report steady gains in May despite global volatility

1 June 2025 19:12 A. SREENIVASA REDDY (ABU DHABI)The UAE equity markets closed May 2025 on a positive note, with both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) recording gains, despite volatility in global markets, according to the monthly market report from Kamco combined market capitalisation of the two bourses rose as investors gained confidence from steady earnings, increased liquidity, and sector-specific momentum. The report highlights that both exchanges remained among the more resilient performers in the GCC during the month.'Equity markets in the GCC region remained volatile during May replicating the trend in the broader global financial markets. Almost all markets in the region witnessed gains during the month, but a 5.8% decline in the TASI (Saudi index) dragged the MSCI GCC index into the red with a decline of 2.6% during the month,' Kamco Invest ADX General Index registered a monthly gain of 1.6%. The index closed at 9,685.1 points in May, bringing its year-to-date performance for 2025 to 2.8%.According to Kamco Invest: 'Sectoral performance on the exchange was evenly split, with five out of 10 sector indices registering declines, while the remaining five recorded gains.'The overall gain in the FTSE ADX General Index was driven by advances in the Energy, Financial, Real Estate, and Utilities Indices. The Energy Index posted the steepest gain, climbing 4.4%, as two out of the four constituent companies recorded share price increases, led by a 7.7% rise in ADNOC Distribution's share price during the month. The Utilities Index followed closely with a gain of 3.8%, supported by a 3.8% share price increase in its sole constituent company, Abu Dhabi National Energy Co, during terms of monthly stock performance, Presight AI led the gainers' chart for May-2025 with a substantial 32.5% increase in its share price. It was followed by Phoenix Group and Sudatel, which recorded gains of 18.4% and 15.9%, respectively. On the decliners' side, Al Wathba National Insurance Company registered the sharpest fall, with a 24.8% drop in its share price during May, followed by Insurance House Co. and United Arab Bank, which posted declines of 13.1% and 10.7%, activity on the exchange was robust but subdued during May. Total volume of shares traded declined by 8.1%, reaching 6.9 billion shares, compared to 7.6 billion shares in April. Conversely, the total value of traded shares rose by 18.2%, amounting to Dh30.6 billion in May, up from Dh25.9 billion in the previous month. ADNOC Gas topped the most active stocks by volume with 1.4 billion shares traded, followed by Multiply Group and Phoenix Group, which recorded trading volumes of 1 billion shares and 499.5 million shares, respectively. In terms of value traded, ADNOC Gas also led with Dh4.6 billion worth of shares changing hands, followed by International Holdings Company and Al Dar Properties, with traded values of Dh 4.56 billion and Dh2.8 billion, DFM General Index recorded its second consecutive monthly gain in May, rising by 3.3% to close the month at 5,480.5 points. This increase brought the index's year-to-date performance for 2025 to 6.2%.Sectoral performance was entirely positive, with all eight sector indices posting gains during the month. The Materials Index posted the steepest gain at 9.1%, followed by the Industrial Index, which advanced 6.2%. The Financial Index improved by 4.4% in May, mainly supported by double-digit gains in several key companies within the sector, including Dubai Insurance Co (+24.8%) and Naeem Investment Holding (+14.8%). Meanwhile, the Real Estate Index — the largest weighted index among the DFM indices — registered a marginal uptick of 0.1% during the month. Slight share price increases in companies such as Tecom (+1.6%) and Emaar Properties (+0.4%) contributed to the overall marginal improvement of the Real Estate Index. The Utilities Index rose by 0.8% with a 1.9% increase in the share price of DEWA helped offset a 5.0% decline in Empower and a 1.1% drop in to Bloomberg's monthly stock performance data, Amlak Finance led the list of top gainers in May with a notable 30.2% surge in its share price. It was followed by Dubai Insurance and Naeem Investment, which recorded gains of 24.8% and 14.8%, respectively. Trading activity on the exchange was mixed in May. The total volume of shares traded declined by 3.6%, reaching 4.5 billion shares compared to 4.7 billion shares in April. In contrast, the total value of shares traded rose by 17.5% to Dh 15.1 billion in May against Dh12.8 billion in April. DEWA topped the monthly trading volume chart, with 994.1 million traded shares followed by Salik and Talabat at 465.7 million and 397.4 million shares, respectively. In terms of trading value, Emaar Properties led with Dh 3.1 billion worth of shares traded, followed by DEWA and Salik at Dh 2.7 billion and Dh 2.6 billion, respectively.

UAE markets defy global volatility, post strong gains in April
UAE markets defy global volatility, post strong gains in April

Al Etihad

time03-05-2025

  • Business
  • Al Etihad

UAE markets defy global volatility, post strong gains in April

3 May 2025 13:52 REDDY (ABU DHABI)In a month marked by sharp volatility in global equity markets, the UAE's stock exchanges bucked the global trend to post solid gains in April 2025, with the Dubai Financial Market (DFM) emerging as the top-performing bourse in the GCC. According to Kamco Invest's latest monthly report, both the Abu Dhabi Securities Exchange (ADX) and DFM not only recovered from previous losses but also attracted renewed investor interest on the back of improved trading activity and robust sectoral FTSE ADX General Index rose 1.8% during April to close at 9,534.33 points, reversing the declines seen in February and March. This pushed its year-to-date (YTD) gain to 1.2%, supported by a noticeable uptick in volumes and value traded. Meanwhile, the DFM General Index surged by 4.1% to end April at 5,307.15 points, positioning it as the best performer among all GCC markets for the month. Its YTD gains climbed to 2.9%.'The performance of UAE equity markets was impressive, especially against the backdrop of global equity market turmoil driven by tariff-related uncertainties,' Kamco Invest noted. 'Dubai led the region with broad-based gains, while Abu Dhabi benefited from strong rebounds in select sectors and stocks.'In Abu Dhabi, the monthly recovery was anchored by robust performances in the Basic Materials and Financials sectors. The Basic Materials Index led all sectoral gains with a 6.1% increase, powered by share price advances in Fertiglobe (+7.1%) and Borouge (+5.7%). Financials followed with a 3.0% rise, boosted by Multiply Group and Abu Dhabi Islamic Bank, which surged 28.9% and 14.1%, five of the 10 ADX sectoral indices ended in positive territory, the Utilities and Energy sectors dragged overall gains. The Utilities Index plunged 9.7%, mirroring the share price fall of Abu Dhabi National Energy Company. Similarly, the Energy Index dropped 2.4% as all four of its constituents posted losses. Nevertheless, trading activity was vibrant with the value of shares traded rising 21.5% month-on-month to Dh25.88 billion. Volume also improved by 33.3% to 7.6 billion shares. International Holdings Company, ADNOC Gas, and Multiply Group topped the value-traded chart, while Multiply also led in traded volume.'The rebound in the Abu Dhabi market came on the back of strong performances from major financial and industrial names, even as energy-related counters remained under pressure,' Kamco Invest analysts said in the momentum in the Dubai bourse was even stronger. The Financial Index rose by 5.9%, bolstered by a 22.8% surge in Commercial Bank of Dubai and a 16.4% rise in National General Insurance. The Communication Services Index led all sectors with a gain of 7.9%, solely driven by Emirates Integrated three of the eight sector indices declined, including a steep 22.7% drop in the Materials sector due to a fall in National Cement Company, the index was lifted by the strong showings from the heavyweight sectors. DFM's total value traded climbed 13% in April to Dh12.82 billion, while volumes grew 33% to 4.7 billion shares. Emaar Properties topped the value-traded list with Dh3.9 billion, followed by Dubai Islamic Bank and to the monthly stock performance from Bloomberg, Commercial Bank of Dubai topped the monthly gainers table with a 22.8% jump in share price followed by National General Insurance and Air Arabia with gains of 16.4% and 12.9%, respectively.'The broad-based participation from financial and telecom stocks helped DFM register the best returns in the region, indicating renewed investor confidence in Dubai's growth narrative,' Kamco Invest solid performance of UAE markets stood out in a month when most global and regional indices faced headwinds from tariff wars and declining investor sentiment. Kamco pointed out that while the MSCI GCC Index slipped 1.2% in April, the UAE's major bourses were able to deliver net-positive the UAE markets retained appealing valuation levels. ADX ended April with a trailing P/E ratio of 20.99 and a dividend yield of 2.4%, while DFM posted a more impressive P/E of 9.53 with a comparatively higher dividend yield of 5.6%. Adding to the positive economic backdrop, Abu Dhabi's real estate sector continued to expand, with ADREC reporting a 34.5% year-on-year increase in the value of Q1 property transactions to Dh25.3 billion, including a notable rise in foreign investment. Dubai, too, saw tourism growth, recording 5.31 million visitors in Q1, up 3.3% year-on-year, providing tailwinds to sectors such as real estate, hospitality, and consumer services.

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