Emirates NBD and Abu Dhabi National Energy Co. lead bullish market, Salik Co. emerges as top performer

The market is currently being driven by a mix of bullish and mildly bullish sentiments, with two major players in the large cap index showing positive technical changes. Emirates NBD Bank PJSC and Abu Dhabi National Energy Co. PJSC have both been rated as mildly bullish to bullish, indicating a positive outlook for these stocks.

In terms of performance, Salik Co. PJSC has emerged as the best performer in this large cap segment, with a return of 2.32%. On the other hand, Phoenix Group Plc has been the worst performer with a return of -4.55%. This highlights the volatility in the market, with some stocks performing well while others struggle.

The advance decline ratio for the stocks in this large cap index is currently at 0.82x, with 18 stocks advancing and 22 stocks declining. This indicates a slightly bearish sentiment, but with a close ratio, it also shows that the market is still relatively stable.

Investors should keep a close eye on these technical changes and performance of the stocks in this large cap index, as it can provide valuable insights into the current market trends. With a mix of bullish and bearish sentiments, it is important to stay informed and make well-informed investment decisions.