Abu Dhabi Securities Exchange (ADX) Sees Positive Movement with Top Gainers and Losers
The market is seeing some positive movement today, with the Abu Dhabi Securities Exchange (ADX) trading at 9,584.51 and gaining 8.67 points, a 0.09% increase. The ADX is also showing a rise in its market cap by 0.09%.
In terms of individual stock performance, the Commercial Bank of Dubai is the top large cap gainer with a 5.04% increase, followed by Al Seer Marine Supplies & Equipment Company PJSC with a 0.53% increase in the mid cap category, and Bank of Sharjah PSC with a 2.13% increase in the small cap category. On the other hand, Multiply Group PJSC, Al Yah Satellite Communications Co. PJSC, and RAK Properties PJSC are the top losers in their respective categories, with decreases of -2.87%, -2.35%, and -3.33%.
The ADX is also showing a positive advance-decline ratio of 37 advances to 53 declines, with a ratio of 0.7x. This indicates that there are more stocks gaining than losing in today's trading.
In terms of sectors, the ADX is the top gaining sector with a 0.09% increase. On the other hand, there are no declining sectors today.
Some of the top gainers in the ADX include Abu Dhabi National Takaful Co. PJSC with a 10.99% increase, Gulf Medical Projects Co. with a 10.58% increase, and Dubai National Insurance & Reinsurance Ltd. with a 6.38% increase. Meanwhile, Emirates Investment Bank, Foodco National Foodstuff PJSC, and Islamic Arab Insurance Co. are the top losers with decreases of -10.00%, -6.03%, and -4.60%, respectively.
Overall, the market is showing positive movement today, with the ADX and its sectors on the rise. Investors will be keeping a close eye on these top gainers and losers as the trading day continues.