Abu Dhabi Securities Exchange (ADX) sees mixed trend with notable gains and losses
The Abu Dhabi Securities Exchange (ADX) is showing a mixed trend today, with a slight increase in the overall market. The advance decline ratio stands at 44 advances and 48 declines, with a ratio of 0.92x. The ADX Caps index is also on the rise, showing a gain of 0.44%.
Among the top gainers on the ADX are Dubai Refreshment Co Pjsc, with a significant increase of 14.99%, followed by National Cement Co. with a gain of 10.42%. Commercial Bank of Dubai is also performing well, with a rise of 6.21%.
On the other hand, the top losers on the ADX include Abu Dhabi National Takaful Co. PJSC, with a decline of 9.94%, followed by Al Khaleej Investment PSC with a decrease of 7.56%. Aram Group Co. is also facing a decline of 5.75%.
The overall market is trading at 9,466.21, with a gain of 41.28 points or 0.44%. Out of the 1 sector that is advancing today, the Abu Dhabi Securities Exchange is leading with a gain of 0.44%.
In terms of large cap companies, Commercial Bank of Dubai is the top gainer with a rise of 6.21%. In the mid cap category, Al Seer Marine Supplies & Equipment Company PJSC is leading with a gain of 1.01%. Among the small cap companies, Orascom Construction Plc is showing a significant increase of 6.14%.
On the other hand, Emirates NBD Bank PJSC is the top loser in the large cap category, with a decline of 2.30%. In the mid cap category, Dubai Taxi Co. PJSC is facing a decline of 4.12%. Among the small cap companies, RAK Properties PJSC is showing a decrease of 2.56%.
Overall, the ADX is showing a mixed trend today, with some companies performing well while others facing a decline. Investors should keep a close eye on the market and make informed decisions based on the performance of individual companies.