Page 142 - SALIK PR REPORT JANUARY 2024

1/22/24, 2:13 PM UAE Today - Salik Drives Gains At Dubai Financial Market Friday
Salik Drives Gains At Dubai Financial Market Friday

The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator Salik (SALIK.DU). The main index (.DFMGI) TEXT LINKS
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 Artificial Intelligence
Khail Road, and Al Safa South on Sheikh Zayed Road - to optimise traffic flow and reduce congestion on key routes
The Green Ecostore
Meanwhile, the Abu Dhabi index closed 0.072% down, as IHC, ADNOC Drilling, ADNOC Gas and ADNOC Logistics Services fell 0.840% to Web Design
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 E-Marketing
losses with gains of 2% and 1.8%, respectively.
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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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