Economy, Markets

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

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.

UAE stocks gain US$3bn in Wednesday trade

The UAE financial markets on Wednesday posted gains of more than US$3bn) market cap. File pic
By TRENDS Desk
September 8, 2022 9:45 am
  • Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD) closing high at AED 350
  • Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to AED13.250 and AED80.00 respectively

Abu Dhabi, UAE – The UAE financial markets on Wednesday posted gains of more than AED10.billion (US$3bn) in market cap driven by upbeat sentiments at the realty, banking and telecom sectors and cash inflows by institutions and individuals alike.

Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD), traded as ASMAK, closing high at AED 350, after AED374 million of liquidity and NBAD edging 0.779 % higher to AED18.400.

Dubai General Index (DFMGI) slid 0.406% percent to 3,382.310 pts with blue-chip developer Emaar closing at AED6.010. Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to AED13.250 and AED80.00 respectively.

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