Abu Dhabi Market Closes Higher Supported by Leading Stocks Amid Strong Trading

The Abu Dhabi Securities Exchange closed today's session higher, supported by positive performance from leading stocks in the energy, banking, and real estate sectors, while the market witnessed notable liquidity and trading values.

The Abu Dhabi General Index (ADX) closed at 10,000.88 points, achieving gains of 0.48%, continuing to hold near its high levels, supported by selective buying in heavyweight stocks.

The trading value in the Abu Dhabi market today reached approximately 729.3 million dirhams, with 206.2 million shares traded across 13,898 transactions, reflecting a clear improvement in investor activity compared to previous sessions.

Most Influential Leading Stocks

The stock of ADNOC Gas led the market gains, being the most traded stock by value and directly contributing to the index's support.
The First Abu Dhabi Bank also recorded strong gains, along with improved performance from aldar Properties, amid continued demand for leading stocks in the Abu Dhabi market.

Conversely, the decline of ADNOC Drilling exerted limited pressure on the index, but its impact remained contained and did not change the overall positive market trend.

Winners in the Closing Session

Several stocks recorded notable gains during the session, including:

• GCEM up by approximately 15%
• SCIDC rising by 10.1%
• HAYAH achieving gains of about 7.1%
• ADNH up by 3.7%
• ADCB rising by approximately 2.6%

These gains were supported by speculative requests and selective movements on some mid and small-cap stocks.

Losers in the Closing Session

On the other hand, some stocks faced selling pressures, mainly:

• TKFL down by 9.9%
• UAB declining by approximately 7.0%
• KICO down by 5.0%
• ORAS declining by 3.4%
• JULPHAR down by about 2.5%

The decline resulted from profit-taking after previous gains, along with weak liquidity in some of these stocks.

Market Closing Insights

The closing of Abu Dhabi stocks today reflects a state of positive balance, as investors continue to focus on leading stocks with strong fundamentals, alongside limited speculative movements in some other stocks, while awaiting any developments regarding energy prices and global monetary conditions.