Page 82 - UNION PROPERTIES GENERAL REPORT - APRIL 2025
P. 82
4/7/25, 12:04 PM UAE markets show resilience amid global downturn: Kamco Invest - Aletihad News Center
relatively modest drop of 1.6%.
National Cement Co topped the monthly gainers table with a 29.8% jump in share price followed by National General
Insurance and Dubai Refreshments Company with gains of 28.7% and 20.7%, respectively.
Union Properties topped the monthly volumes traded chart recording 620.3 million shares which changed hands during
the month followed by Drake & Scull International and Talabat Holding which saw 538.4 million and 287.9 million of
their shares change hands during the month, respectively.
On the monthly value traded chart, Emaar Properties topped the list with Dh3.5 billion worth of shares changing hands
during the month, followed by Emaar Development, and Dubai Islamic Bank which saw Dh1.4 billion and Dh1.1 billion
value of their shares traded, respectively.
Total market capitalisation at DFM stood at Dh894.8 billion at the end of March 2025.
Across the broader GCC region, most stock markets recorded monthly declines in March 2025. Qatar led the decline
with a 2.0% fall in the QE Index, followed by a 1.6% dip in Oman. Bahrain and Saudi Arabia also saw marginal
decreases, at 0.5% and 0.7% respectively. Only the Boursa Kuwait bucked the trend, recording a marginal gain of
0.9% during the month, driven by selective buying in blue-chip names.
“The relatively smaller decline in the GCC index reflected gains in large cap sectors, that included Banking, Telecom
and Materials that almost fully offset declines in the rest of the sectoral indices,” Kamco Invest said. Gains for the
banking sector came after interest rate expectations showed higher for longer rates in the near term, supporting net
interest income for the sector, the report added.
https://en.aletihad.ae/news/business/4564426/uae-markets-show-resilience-amid-global-downturn--kamco-inve 3/3
