Emaar, ADNOC, and Gulf Navigation Stocks Drive Divergence in Dubai and Abu Dhabi Markets at Close
UAE markets mixed: Dubai up 0.55% to 6114.32, Abu Dhabi down 0.33% to 9967.21. Gulf Navigation surged, Emaar and Emirates NBD fell.
UAE stock markets closed today with mixed performances, as the Dubai Financial Market continued its upward trend, surpassing the 6100-point level, while the Abu Dhabi Securities Exchange saw a slight decline.
The Dubai Financial Market General Index (DFMGI) rose by 0.55% to close at 6114.32 points. Conversely, the Abu Dhabi Index (FTSE ADX General) fell by 0.33% to close at 9967.21 points. The total trading value reached approximately 3.8 billion dirhams, with 2.6 billion dirhams in Abu Dhabi and 1.2 billion dirhams in Dubai.
Abu Dhabi witnessed a significant direct transaction involving Alpha Dhabi Holding shares worth around 1 billion dirhams. In Dubai, Gulf Navigation Holdings topped activity with trading of about 235 million dirhams, surging by 14.7%. Meanwhile, Emaar Properties and Emirates NBD declined by 1.77% and 2.97%, respectively. In Abu Dhabi, energy-related stocks performed positively, with ADNOC Gas and ADNOC Drilling recording gains.
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