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...
DFM posts net profit of AED 38.1 mn in the first nine months of 2021
The Company’s total revenue reached AED 183.1 million in this timeframe compared to AED 271 million during the corresponding period of the previous year. The revenue is comprised of AED 117.9 million of operating income and AED 65.2 million of investment returns and other income.
Al Salam Bank buys back shares
The bank has bought 320,664 shares on DFM and Bahrain Bourse.Al Salam Bank buys back shares
The Bahrain’s bank has bought back around 445,000 treasury shares.
DFM’s trade count up 161% after minimum trading commission waiver
Total number of trade count on Wednesday’s trading session reached to 6739 transactions, the highest level of daily trade count since the beginning of this year, compared to 2579 transactions on Tuesday. Trade count of Wednesday’s session has also jumped 146 percent compared to its 2740 average year to date.
DIB ups foreign ownership limit to 40 percent
Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.
History created: ADX market capitalization crosses US$300 billion
The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization to cross US$300 billion (AED1.1 trillion) on 12 July 2021.
Dubai Investments buys additional NGI stake
Dubai Investments has acquired an additional 15.19% share of NGI from Emirates NBD Bank.Non-oil firms, banks play key role as UAE markets remain mixed
Banks remained in the first three positions on Dubai index in terms of market capitalization
