Page 15 - UNION PROPERTIES GENERAL REPORT - JANUARY 2025

2/3/25, 10:57 AM UAE stock markets resilient in January - Aletihad News Center

The health care sector led the charge with a 6.2% increase, largely driven by a strong 18.2% rise in shares of Gulf

Pharmaceutical Companies and a 5.7% gain in PureHealth shares. Gulf Pharmaceutical Industries (Julphar) also
announced a significant investment plan of Dh293 million to establish a pharmaceutical and biotech facility in Saudi

Arabia, further bolstering investor confidence.

The telecom sector followed closely, rising by 5.3%, thanks to gains in major players such as Etisalat and Yahsat.

However, the utilities sector experienced the steepest decline, shedding 10.6%, primarily due to an 11.1% drop in
shares of Abu Dhabi National Energy Company (TAQA).

In terms of monthly stock performance, Fujairah Cement topped the monthly gainers chart for January-2025 with its
shares gaining 33.3% followed by Hily Holding and Abu Dhabi National Holding for Building Materials (BILDCO) with

gains of 25.4% and 18.6%, respectively. On the decliner’s side, Al Wathba National Industries led the way registering a
17.9% fall in its share price during January-2025 followed by ARAM Group and Abu Dhabi National Energy Company
which saw share price declines of 12.4% and 11.1%, respectively.

Shares of BILDCO gained after the company disclosed that they are studying and evaluating the possibility of entering
into a strategic partnership with another company in the UAE.

In terms of trading activity, the ADX saw an increase in share trading volume by 21.6% compared to December 2024,

reaching 5.6 billion shares. However, the total value of traded shares declined by 7.4% to Dh20.5 billion. Among the
most active stocks, International Holding Company (IHC) led in trading value, followed by Alpha Dhabi Holding and
ADNOC Drilling.

The Dubai Financial Market (DFM) extended its gains for the eighth consecutive month, albeit with a modest increase

of 0.4% in January 2025, closing at 5,180.4 points. Sectoral performance was mixed, with five out of eight indices
recording gains.

The financials sector rose by 3.4%, supported by positive earnings reports from key players, including Emirates
Islamic Bank, which posted a 32.5% increase in net profit. The real estate sector also showed strength, rising by 1.8%,
with Union Properties leading the gains with a 4.6% rise. Meanwhile, the Communications Services sector was the

best performer, registering a 5.2% increase.

On the downside, the utilities index suffered the most, declining by 8.3%, followed by the industrial sector, which fell by

2.3%. Trading activity in Dubai was slightly lower compared to December 2024, with the total volume of traded shares
declining by 15.7% to 5.2 billion shares, and the total traded value slipping by 2.6% to Dh13.8 billion.

Among individual stocks, Emaar Properties dominated the trading charts with Dh4.2 billion worth of shares exchanged,

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