Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

UAE stocks generate strong cash flows as DFM hits 8-month high

A front view of Abu Dhabi Securities Exchange (ADX).
  • Energy, banking and real-estate stocks lead the gainers in the capital's bourse as Emaar drove DFM to an 8-year high of 4,179.680 points
  • In Abu Dhabi, Index FADGI closed 0.239% higher at 9,845.990 points, buoyed by robust trading over real estate giant Aldar Properties which ended 7.9% up

Abu Dhabi, UAE–UAE stock markets Thursday continued to capitalize on improved investor sentiments, defying US Fed’s decision to keep interest rates steady on Wednesday, while projecting an increase by year-end.

Blue-chip real estate, banking, and energy stocks lead the gainers in the Capital’s bourse, as giant property Emaar drove DFM to an 8-year high of 4,179.680 pts, 0.997 percent up from the last trading session.

In Dubai, property blue-chip Emaar led the rally, closing 6.410 percent up at AED7.970, followed by Mashreq Bank, which grew 3.770 percent up to AED165.00.

Dubai Islamic Bank edged 1.5 percent up to AED5.8 as Dubai Financial Market fared favorably to end in the green at AED1.660, 2.47 percent up from the last trading session.

In Abu Dhabi, Index FADGI closed 0.239 percent higher at 9,845.990 points, buoyed by robust trading over real estate giant Aldar Properties which ended 7.9 percent up at AED5.870.

Abu Dhabi Islamic Bank was among the best performers and closed 2.320 percent up at AED10.600 as Dana Gas and ADNOC Drilling continued their positive performance, closing 1.9 percent and 1.2 percent up at AED0.904 and AED3.940 respectively.