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UAE: ADX General Index records largest daily rise in five months

    UAE: ADX General Index records largest daily rise in five months

    UAE: ADX General Index records largest daily rise in five months

    Dubai [UAE], June 1 (ANI/WAM): UAE financial markets maintained their positive momentum on Friday for the second straight session, as Abu Dhabi’s general index added 1.26 per cent and Dubai’s main share index gained 0.17 per cent.

    Local stocks gained over AED24 billion in market cap, with the Abu Dhabi Securities Exchange (ADX) seeing its largest daily rise in five months, closing at 8,862.580 pts.

    The Telecommunication Index continued to lead the gains at ADX, rising 3.727 per cent, followed by the Healthcare Index which ended the session 1.424 per cent up.

    The Banks and Financial Services Index closed 1.2 per cent higher though FAB, the country’s top lender, lost 1.530 per cent, closing at AED11.6.At DFM, the Financial Index lost 0.454 per cent while the Utilities Index was the best performer, closing 1.212 per cent up. (ANI/WAM)

    (Except for the headline, this story has not been edited by VoM News staff and is published from syndicated feed)

    About the Author

    Dil Bar Irshad
    Dil Bar Irshad
    Owner/Editor_In_Chief

    Dil Bar Irshad is an Indian journalist, writer, and media entrepreneur from the Marmat area of Doda in Jammu and Kashmir, India. He is best known as the founder and Editor-in-Chief of VoM News ("Voice of Masses"), a digital news portal dedicated to highlighting public grievances and citizen issues.Career Overview• Early Career (2015–2016): He began his reporting career focusing on local public issues and citizen grievances in Jammu and Kashmir. • Regional & National Journalism: Over the years, he served as a District Correspondent for the English newspaper Khalsa Express News (2019–2020) and worked as an Urdu correspondent for Sada e Kohistan. He also reported as a J&K Correspondent for the Millennium Post. • International Reporting: In 2023, he expanded into international journalism, working as an India Correspondent for global agencies like BNN Breaking and later TrimFeed, covering diverse topics ranging from stock market updates to regional and global geopolitical developments. • Media Associations: He is an active member of the All India Media Association.Seen IN: Editor-in-Chief, VoM News India, Jammu and Kashmīr Business and Finance, Crime and Justice, Environment As seen in: VoM News, MSN, MSN India, MSN Singapore, MSN UK, Youth Ki Awaaz, Millennium Post, AgroPages, The California Courier, Hecho En California, Justice News, The Chenab Times, Niguro, Sisnoo

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