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1/10/25, 1:21 PM Lulu Retail made a notable comeback on Thursday, reaching a price of Dh2.02, just shy of its listing price of Dh2.04, on the Abu Dh…
Lulu Retail making a comeback at ADX
Lulu Retail making a comeback at ADX
9 Jan 2025 19:01
A. SREENIVASA REDDY (ABU DHABI)
Lulu Retail made a notable comeback on Thursday, reaching a price of Dh2.02, just shy of its listing price of Dh2.04,
on the Abu Dhabi stock market. The retail giant had a muted debut on November 14 last year following its highly
anticipated initial public offering (IPO).
Abu Dhabi Securities Exchange’s (ADX) general index — FADGI — was down by 0.033%, reaching 9,462.64 points. A
total of 23,882 trades were recorded, involving 362 million shares with a combined value of Dh1.374 billion.
The total market capitalisation of all companies listed on the ADX reached Dh2.968 trillion. Out of the 85 companies
traded at the ADX, share prices of 33 companies rose, while 35 declined, and 17 remained unchanged.
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