Berkshire Hathway’s Class A shares, valued at $620,000, was available for $185 for nearly two hours, along with 40 other affected companies
Stocks
Aviation
Boeing shares down 5% as CFO withdraws 2024 cash forecast, citing weak first half
The US plane maker had previously projected positive cash generation in the low-single digit billions for this year
Abu Dhabi
Institutional investors lap up additional 880 million ADNOC Drilling shares
ADNOC offered 880 million shares, priced at AED3.90 – nearly 70% above the IPO price of AED2.30 per share
Abu Dhabi
ADNOC offers further 880 million shares of ADNOC Drilling
Open only to Professional Investors; a higher free float is expected to provide a pathway towards inclusion in the MSCI Emerging Market Index
US stock market to outperform other financial regions in Q2: Saxo Bank survey
The survey findings could come handy for investors to make informed decisions in the MENA region’s interconnected market landscape
DFM
BHM Capital receives DFM approval to launch Price Stabilization Mechanism
Spinneys, the retail chain, will be the first company to benefit from this service upon listing in the market, BHM Capital said
Emaar
UAE stocks record AED1.4 billion inflow, IHC, Emaar lead
The surge in turnover led to market capitalisation of listed stocks on the two bourses reaching AED 3.5 trillion at the end of Monday’s session
Dubai
Geopolitical tension, US economic data spook UAE, GCC markets
The Saudi stock market also saw a significant drop on Tuesday, with Aramco’s shares falling to their lowest level since April 2023
Abu Dhabi Securities Exchange (ADX)
ADX, DFM log nine large deals worth $435 mn during Ramadan
Direct large transactions are deals executed outside the order book
foreign investment
Indian stock market on fire with Nifty hitting all time high
Positive global cues are said to be driving the equity market to new highs
Abu Dhabi Securities Exchange
UAE stocks see $1.8bn inflow as market cap hots $971bn
UAE stock market capitalisation on ADX and DFM climbs to $971bn