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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

UAE stocks generate strong cash flows Tuesday

UAE blue-chip stocks generated strong cash flows Tuesday as ADQ, under the brand known as Asmak, continued to surge, hitting AED343.3.
By TRENDS Desk
August 24, 2022 9:00 am
  • FAB gained AED173.7 million in liquidity, closing at AED19.740, while ALPHADABI drew AED102.9 million, ending at AED24.040
  • The ADX-listed ADNOC Distribution was among big gainers, ending 1.09 percent higher at AED4.620, followed by ADNOC Drilling which closed 0.28 percent up at AED3.620

UAE blue-chip stocks generated strong cash flows Tuesday as ADQ, under the brand known as Asmak, continued to surge, hitting AED343.3 ($93) following more than AED300 million ($81 million) worth of transactions.

FAB gained AED173.7 million in liquidity, closing at AED19.740, while ALPHADABI drew AED102.9 million, ending at AED24.040.

At Dubai bourse, Emaar Properties was the best performer with AED82.2 million of trades.

The FADX 15, the first co-developed index under ADX’s strategic partnership with FTSE Russel, closed at 10,019.050 points, and DFM slipped 0.452 percent down to 3,392.690.

The ADX-listed ADNOC Distribution was among today’s gainers, ending 1.09 percent higher at AED4.620, followed by ADNOC Drilling which closed 0.28 percent up at AED3.620.

In Dubai, DIC, TECOM, and Aramex ended higher 2.24 percent, 0.42 percent, 0.76 percent respectively.

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