INSEAD Day 4 - 728x90

Business, Economy, Markets

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

UAE stocks post gain of US$2.72bn in market cap

Dubai General Index slid to 3,382.31 points with blue-chip developer Emaar closing at $1.6.
By TRENDS Desk
September 8, 2022 5:42 pm
  • The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments.
  • Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.38 points while Dubai General Index (DFMGI) slid 0.406 percent to 3,382.31 points.

ABU DHABI, UAE – The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.

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 $95.3 (AED 350), after $101 million (AED374 million) of liquidity and NBAD edging 0.779 percent higher to $5 (AED18.4).

Dubai General Index (DFMGI) slid 0.406 percent to 3,382.310 pts with blue-chip developer Emaar closing at $1.6 (AED6.01).

Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to $3.6 (AED13.25) and $21.7 (AED80) respectively.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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