Page 133 - SALIK PR REPORT JANUARY 2024

1/22/24, 2:12 PM WAM - Emirates News Agency

Salik drives gains at Dubai Financial Market Friday

Friday, January 19, 2024 11:57 PM1 minute Reading

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ABU DHABI, 19th January, 2024 (WAM) – The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator
Salik (SALIK.DU). The main index (.DFMGI) rose 0.714%, fueled by a 5.180% jump in Salik shares after the company announced plans for

two new toll gates - Business Bay Crossing on Al Khail Road, and Al Safa South on Sheikh Zayed Road - to optimise traffic flow and reduce
congestion on key routes
Meanwhile, the Abu Dhabi index closed 0.072% down, as IHC, ADNOC Drilling, ADNOC Gas and ADNOC Logistics Services fell 0.840% to
AED403.6; 1.490% to AED3.970; 0.920% to AED3.220; and 1.450% to AED4.070 respectively. Banking giants FAB and ADCB stemmed the
losses with gains of 2% and 1.8%, respectively.
Adding to the upward momentum in Dubai, Emirates NBD Bank, the emirate's largest lender, gained 1.450% after raising $450 million
through a sale of 5-year Formosa bonds, according to an arranging bank document.

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