Abu Dhabi Securities Exchange (ADX) Starts Strong with Positive Gains Across the Board
The Abu Dhabi Securities Exchange (ADX) is off to a strong start today, with the market summary showing positive gains across the board. The top large cap gainer is Phoenix Group Plc, with an impressive 9.09% increase. Bayanat AI Plc takes the top spot for mid cap gainers, with a 3.87% rise, while Union Properties Ltd. leads the small cap gainers with a 7.02% increase.
On the other hand, the top large cap loser is Apex Investment PSC, with a decrease of 3.49%. Al Yah Satellite Communications Co. PJSC takes the top spot for mid cap losers, with a 2.35% decline, while National Corp. for Tourism & Hotels leads the small cap losers with a 6.80% decrease.
The ADX is currently trading at 9,513.43, with a gain of 90.20 points or 0.96%. Out of the 1 sector advancing today, the Abu Dhabi Securities Exchange takes the top spot with a 0.96% increase. The advance-decline ratio across the ADX is also positive, with 72 advances and 27 declines, showing a ratio of 2.67x.
The ADX Caps index is also on the rise, with a 0.96% increase. The top gainers on the ADX include Dubai National Insurance & Reinsurance Ltd. with a 10.15% increase, United Foods Co. PSC with a 10.00% increase, and Phoenix Group Plc with a 9.09% increase. On the other hand, the top losers on the ADX include Insurance House PSC with a 10.00% decrease, Oman Insurance Co. with a 10.00% decrease, and Al Sagr National Insurance Co. PSC with a 9.88% decrease.
Overall, the ADX is showing strong performance today, with positive gains across various sectors and companies. Investors can expect to see continued growth and potential opportunities in the Abu Dhabi market.