Page 76 - SALIK PR REPORT SEPTEMBER 2024

9/17/24, 1:09 PM Impending rate cut lifts UAE markets - Aletihad News Center
involving 304 million shares with a total value of Dh1.1 billion.

The trading session saw prices of 35 companies rise, while 33 companies experienced a decline. Additionally, eight
companies closed unchanged compared to their previous closing prices. The market capitalisation of listed companies

at ADX reached Dh2.856 trillion.

Apex Investments, International Holding Company (IHC) and Multiply Group are among the prominent gainers while

Alpha Dhabi Holding, NMDC Group and NMDC Energy are among the prominent losers in the stock market on
Monday.

In the Dubai Financial Market (DFM), the general index (DFMGI) was up by 0.337% to close at 4,364.87 points. The
trading session witnessed 10,011 trades involving 176 million shares with a total value of Dh330 million. Combined

market capitalisation of listed companies at DFM reached Dh736 billion at the end of the trading.

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The trading session saw prices of 20 companies rise, while 22 companies experienced a decline. Additionally, six
companies closed unchanged.

Dubai Taxi Company (DTC) advanced 7.5%, extending gains from the previous session. The taxi operator on Friday
announced the company had been awarded 300 new plates, expanding its fleet, at the latest auction held by Dubai's

Roads and Transport Authority.

Drake and Scull International (DSI), Salik and Emaar Development are among the prominent gainers while

EmiratesNBD, BHM Capital, Shuaa Capital are among those who experienced declines.

Elsewhere in the region, Saudi Arabia's benchmark index (TASI) dropped 0.3%, hit by a 1.7% fall in Alinma Bank and a

0.2% decrease in Al Rajhi Bank.

The Qatari benchmark (QSI) eased 0.1%, with Qatar Islamic Bank (QISB.QA) losing 0.3%. The Qatari stock market

saw limited movements, as investors in the region await this week's central banks meetings.

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