Page 81 - UNION PROPERTIES GENERAL REPORT - APRIL 2025

4/7/25, 12:04 PM UAE markets show resilience amid global downturn: Kamco Invest - Aletihad News Center
underscores the relative stability of the UAE bourses, supported by strong corporate fundamentals, continued investor
confidence, and healthy economic undercurrents.

According to Kamco Invest, the declines in ADX and DFM were “largely in sync with the downward trend seen across

most global and regional equity markets during March”. Nevertheless, the performance of several key sectors,
coupled with strategic initiatives and robust dividend payouts, reflect the underlying strength of the UAE markets.

ADX

The ADX General Index recorded a 2% monthly decline, ending March at 9,368.81 points. Yet, this contraction came in
the context of a broader global correction and should not overshadow the exchange’s solid performance over the
longer term.

Sectoral performance on the exchange was predominantly negative, with eight out of 10 sector indices posting
declines, while only two registered gains. Despite the downturn, the utilities and telecommunications offered a bright

spot. “The Utilities Index recorded the highest gain, rising 15.5%, driven solely by the performance of Abu Dhabi
National Energy Co., the sector’s only constituent, which posted an identical 15.5% increase in share value for the
month,” Kamco Invest report said. Telecommunications posted a growth of 1.4%.

In terms of monthly stock performance, Gulf Cement Company topped the monthly gainers chart with its share price

increasing by 37% followed by Abu Dhabi National Takaful and Union Insurance which recorded gains of 31.3% and
26.5%, respectively.

Abu Dhabi National Hotels Co. topped the list of the most active stocks table during the month with 681.9 million
traded shares followed by ADNOC Gas and Multiply Group, which traded 607.3 million shares and 578.9 million

shares, respectively. In terms of value traded, International Holdings Company topped the list of the most active stocks
table during the month with Dh4.2 billion worth of shares traded followed by ADNOC Gas and First Abu Dhabi Bank,
which traded Dh2.0 billion and Dh1.5 billion worth of shares, respectively.

DFM

Dubai’s DFM General Index mirrored the regional and global trend, declining by 4.2% to close the month at 5,096.24
points. Still, the exchange’s performance was buoyed by resilience in several sectors and strong trading momentum in
select names.

Seven out of eight sector indices posted declines, while only one sector recorded gain. The Materials Index posted the

largest gain of 29.8%, closing at 175.8 points, primarily driven by an identical 29.8% increase in the National Cement
Company’s share price. The real estate sector, which has traditionally been a bellwether for DFM, also demonstrated a

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