Tuesday, July 16, 2024
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Local stocks Increase More than Dh24 billion as the ADX General Index shows its Most significant Daily Increase in Five Months

Abu Dhabi’s general index added 1.26 percent and Dubai’s main share index gained 0.17 percent on Friday, continuing the positive trend on the UAE financial markets for the second straight session.

The Abu Dhabi Securities Exchange (ADX) saw its biggest daily increase in five months, closing at 8,862.580 points, while local stocks saw a market cap increase of more than Dh24 billion.

After rising 3.727 percent, the Telecommunication Index led the gains at ADX once again. At the end of the session, the Healthcare Index gained 1.424 percent. Although FAB, the largest lender in the nation, lost 1.530 percent and ended the day at Dh11.6, the Banks and Financial Services Index ended the day 1.2% up.

With a closing percentage gain of 1.212 percent, the Utilities Index outperformed the Financial Index, which dropped by 0.454 percent at DFM.
Abu Dhabi’s general index increased 1.26 percent and Dubai’s main share index gained 0.17 percent on Friday, continuing the positive trend in the UAE financial markets for the second straight session.

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Tuesday, July 16, 2024

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