Page 28 - UNION PROPERTIES PR REPORT - MARCH 2025

3/3/25, 12:30 PM UAE markets show resilience in February amid global volatility - Aletihad News Center

“Investor sentiment remained positive, supported by strong earnings in the financial and real estate sectors, increased

trading volumes, and a favourable economic outlook,” Kamco Invest said.

Despite some global market uncertainties, the UAE economy continues to show robust fundamentals, with projections
indicating a GDP growth of 5% to 6% in 2025, driven largely by non-oil sectors such as technology, renewable energy,
financial services, and infrastructure.

The Abu Dhabi Securities Exchange recorded a slight decline of 0.2% in February but remained up 1.5% year-to-date.

The real estate sector was the standout performer, registering a 15.5% gain, making it the best-performing sector on
the exchange. Notable stock gains included Hayah Insurance, which surged by 48.2%, Sudatel, which increased by
26.9%, and Al Wathba National Insurance, which climbed by 23.8%.

Trading volumes on ADX remained strong, with the total value traded increasing by 60.6% to Dh32.9 billion, reflecting
continued investor interest in UAE equities.

ADNOC Gas topped the list of the most active stocks table in February with 3.7 billion traded shares followed by Abu
Dhabi National Hotels. and Lulu Retail Holdings, which traded 678.1 million shares and 548.1 million shares,

respectively. In terms of value traded, ADNOC Gas topped the table with Dh12.6 billion worth of shares changing
hands during the month followed by Aldar. and International Holdings Company at Dh3.1 billion and Dh2.9 billion

respectively.

“The UAE’s expected strong economic growth benefits from the UAE government’s continuing investment in its non-oil

sectors and the expected overall economic growth of GCC region “ Kamco Invest said in its report

Dubai Financial Market

The DFM main index posted its ninth consecutive monthly gain, with the its general index rising 2.6% to 5,317.6

points. The index also posted year-to-date gain of 3%.

“Gains in the financial and real estate sectors, coupled with growing investor confidence in Dubai’s economic

expansion, contributed to this upward trend,” Kamco Invest said.

According to monthly stock performance from Bloomberg, Emirates Islamic Bank topped the monthly gainers table

with 25.7% jump in share price followed by Union Properties and Air Arabia with gains of 14.0% and 12.9%,
respectively. Emirates Islamic Bank reported a 32.5% year-on-year net profit increase to Dh2.8 billion in 2024. On the

decliner’s side, National International Holding topped the table recording a share price decline of 14.5% followed by
Shuaa Capital and TAALEEM which recorded share price declines of 12.7% and 9.7%, respectively, during February,

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