INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

ADX gains $1.90bn on strong performances from bank stocks

ADX gains $1.90bn on strong performances from bank stocks.
  • The total market capitalization of listed shares reached AED 3.49 trillion at the end of Thursday's trading session.
  • Local stocks attracted over AED1.5 billion in liquidity at the end of the session, distributed as follows: AED 1.12 billion on the ADX and AED396.3 million on the DFM.

Abu Dhabi, UAE — The Abu Dhabi Securities Exchange (ADX) extended its gains at the close of trading today, adding over AED7 billion ($1.90 billion) to its market capitalization, driven by gains in leading bank stocks. Meanwhile, the Dubai Financial Market (DFM) closed slightly down, according to trading data.

The total market capitalization of listed shares reached AED 3.49 trillion at the end of Thursday’s trading session, comprising AED 2.795 trillion for ADX-listed shares and AED695.8 billion for DFM-listed shares.

Local stocks attracted over AED1.5 billion in liquidity at the end of the session, distributed as follows: AED 1.12 billion on the ADX and AED396.3 million on the DFM. Over 533.1 million shares were traded in more than 30,700 transactions.

On ADX, International Holding Company (IHC) led the trading activity, attracting the highest liquidity of AED196.8 million. Alpha Dhabi Holding followed closely behind with AED84.3 million in liquidity, while ADNOC Gas and Multiply Group generated AED80.8 million and AED61.8 million in liquidity, respectively.

On DFM, Emaar Properties emerged as the most actively traded stock, attracting AED139.8 million in liquidity. Air Arabia followed with AED29.3 million in liquidity, while Emaar Development and Dubai Islamic Bank generated AED28.9 million and AED26.3 million in liquidity, respectively.