Abu Dhabi Securities Exchange Shows Positive Trend with 1 Sector Advancing and 0 Declining
The market is showing a positive trend today, with 1 sector advancing and 0 sectors declining. The top gaining sector is the Abu Dhabi Securities Exchange, which has seen a rise of 0.60%. This is reflected in the advance decline ratio of 46 advances and 39 declines, with a ratio of 1.18x.
In terms of individual companies, Abu Dhabi Islamic Bank is the top large cap gainer, with a gain of 4.07%. This is followed by Dubai Taxi Co. PJSC, which has seen a rise of 1.92% in the mid cap category. In the small cap category, Emirates Driving Co. has shown a significant gain of 3.89%.
On the other hand, the top large cap loser is Commercial Bank of Dubai, with a decline of 5.59%. Al Yah Satellite Communications Co. PJSC has seen a decline of 2.35% in the mid cap category, while Emirates Reem Investments PJSC has shown a decline of 3.87% in the small cap category.
The Abu Dhabi Securities Exchange Caps is also on the rise, with a gain of 0.6%. This is reflected in the top gainers of the exchange, which include Foodco National Foodstuff PJSC with a gain of 14.62%, Response Plus Holding PJSC with a gain of 4.75%, and Abu Dhabi Islamic Bank with a gain of 4.07%. On the other hand, the top losers of the exchange include National General Insurance Co. with a decline of 10.00%, Gulf Cement Co. PSC with a decline of 8.00%, and Commercial Bank of Dubai with a decline of 5.59%.
Overall, the Abu Dhabi Securities Exchange is trading at 9,623.37 with a gain of 57.45 points, showing a positive trend in the market today. Investors can keep an eye on the top gainers and losers to make informed decisions about their investments.