Search Site

Trends banner

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

UAE stocks generate strong cash flows as IHC stands out

A general view of the Dubai Financial Market. (AFP File)
  • Hit by the low performance of the banking and financial service index, which fell 0.152%, Abu Dhabi's Index FADGI closed 0.248% down at 9,776.340 points
  • Among the best performers were the Union Properties Company, closing 6.960% higher at AED0.415, followed by the Emirates Reem Investments, closing at AED4.280

Abu Dhabi, UAE–UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and closed at AED400.6, following more than $59.14 million worth of transactions.

Multiply Group gained $43.75 million in liquidity, closing high at AED3.670. Emirates Insurance Company (EIC) was the best performer and closed high at AED6.930.

However, Abu Dhabi’s Index FADGI closed 0.248% down at 9,776.340 points affected by the low performance of the banking and financial service index which fell 0.152% down as well the real estate index which closed at 7,948.610 points, 0.058 % down from the last trading session on Friday.

The industrial index yet closed in the green at 5,637.080 points, 0.101% up.

In Dubai, the general index closed high at 4,053.640 points, driven by the favorable performance of the real estate and industrial sectors.

The Union Properties Company was the best performer and closed 6.960% higher at AED0.415, followed by the Emirates Reem Investments which closed high at AED4.280. Top lender Emirates NBD closed higher 1.180% at AED17.100.