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
Equities
Dubai
Emaar reports highest ever property sales of $11 bn in 2023
The company also announced a total dividend payment of $1.2 billion for 2023
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
Dubai
Spinneys listing plans to further deepen UAE stock market; economic diversification: Market experts
The company will list 25 percent of its shares, amounting to 900 million stocks with a nominal value of AED 0.01
Dubai
Spinneys IPO: UAE supermarket giant sets May 9 to float on Dubai bourse
The company plans to offer 900 million shares in the float
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
education in UAE
As enrolments grow, Taaleem posts record revenue of $149.4mn
Top-line grows 15% YoY and EBITDA to 32.5% YoY; Record-breaking student enrolment of 37,961, up 33.2% YoY
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