Abu Dhabi Securities Exchange Sees Mixed Trend, Palms Sports PJSC Tops Gainers
The market is seeing a mixed trend today, with some companies experiencing gains while others are facing losses. The Abu Dhabi Securities Exchange is currently trading at 9,654.22 with a gain of 29.03 points, representing a 0.30% increase.
Emsteel Building Materials PJSC is the top large cap gainer, with a 3.23% increase in their stock value. This is followed by Dubai Taxi Co. PJSC, a mid cap company, with a 0.79% gain. Palms Sports PJSC, a small cap company, has also seen a significant increase of 9.13% in their stock value.
On the other hand, National Marine Dredging Co. is the top large cap loser, with a decrease of 2.24%. Al Yah Satellite Communications Co. PJSC, a mid cap company, has also faced a loss of 2.35%. Emirates Insurance Co. PSC, a small cap company, has seen the biggest decline of 8.77%.
The advance-decline ratio across the Abu Dhabi Securities Exchange is currently at 1.37x, with 48 companies experiencing gains and 35 facing losses. The top gaining sector is the Abu Dhabi Securities Exchange itself, with a 0.30% increase.
Some of the top gainers in the Abu Dhabi Securities Exchange include Palms Sports PJSC with a 9.13% increase, SHUAA Capital PSC with an 8.11% increase, and Al Khaleej Investment PSC with a 5.82% increase. On the other hand, the top losers include Ras Al-Khaimah National Insurance Co. with a 10.00% decrease, Dubai National Insurance & Reinsurance Ltd. with a 9.72% decrease, and Emirates Insurance Co. PSC with an 8.77% decrease.
Out of the 1 sector advancing today, the Abu Dhabi Securities Exchange is leading with a 0.30% increase. This shows a positive trend in the market, with more companies experiencing gains than losses. Investors should keep an eye on the market as it continues to fluctuate throughout the day.