UAE stock indices experienced an upswing at the close of trading on Tuesday. The Abu Dhabi Index rose by 0.58%, reaching 9 290 points with trading volumes amounting to 1.17 billion dirhams. Meanwhile, the Dubai Index increased by 0.43%, hitting 5 078 points amidst trading of 520.3 million dirhams. The growth in the Dubai Index...
The Abu Dhabi Securities Market demonstrated strong performance in the first quarter of 2025, showing a significant increase compared to the same period in 2024. This growth was primarily driven by a notable rise in liquidity indicators and investment activity from foreign and institutional investors. According to market data, the value of foreign investors’ trading,...
In the first quarter of 2025, stock brokerage firms in the Dubai Financial Market added approximately 19 658 new trading accounts. This surge in account openings highlights an increasing interest in stock trading within the region. The growth in new accounts comes as part of a broader trend in the UAE’s financial markets, where more...
Munaf Ali, the CEO of the UAE-based cryptocurrency firm Phoenix, has purchased over 20 million shares from the open market. This significant investment is aimed at reaffirming his strong belief in the company’s future prospects and long-term growth trajectory. Currently, Phoenix’s stock is trading at Dh0.99 on the Abu Dhabi Securities Exchange (ADX), which is...
The Abu Dhabi stock market saw significant gains last week, adding AED 8.9 billion to its market value and closing at AED 2.996 trillion. This improvement was partly driven by better performance in US stock markets and optimism surrounding a potential decline in US interest rates. The Abu Dhabi Securities Exchange (ADX) index rose by...