Loading ...
Tuesday, August 04, 2020
Gulf News - Taqa's stock run takes a pause, but it still leads on market cap
By Vijay Valecha in 'Century in News'
UAE equities posted mixed performance with DFM rising 0.65 per cent and ADX slipping back into the red by 0.14 percent.
For a change, Abu Dhabi National Energy Company (Taqa), closed 3.47 per cent lower for the day, which caps a glorious run that lifted it to the top of the UAE stock charts in terms of market capitalization. After Tuesday’s close, Taqa’s market cap stands at Dh156.28 billion, still enough to retain its number one standing.
The second-largest company, Etisalat, has a market capitalization of Dh143.84 billion.
Union Properties rallied by 5.92 per cent and Emaar Malls by 3.10 per cent for the day. It is worth noting that Union Properties is close to financial restructuring.
Arabtec had another off day, and the shares still seem to be reeling from company’s filing with the stock exchange, in which it informed that it had no material information to offer regarding the rally in share price. The price declined by 4.95 per cent Tuesday.
Overall, DFM and ADX, manage to hold above their 50- as well as their 100-day moving average.
Source: Gulf News__309084346.jpg)
__1021887954.jpg)
__621562604.jpg)
__1251758305.jpg)
__704346262.jpg)
Regulated by SCA
Century Financial Consultancy LLC
Dubai Polo & Equestrian Club
The Official Partner of
Dubai Polo & Equestrian Club
Reach us:
-
Dubai
6th Floor, Building 4, Emaar Square,
Downtown Dubai, P.O. Box 65777,
Dubai, United Arab Emirates -
Abu Dhabi
Office 3014, 30th Floor
Tamouh Tower, Building 12, Marina Square,
Al Reem Island, Abu Dhabi - +971 (4) 356 2800
- info@century.ae
Disclaimer: Trading in financial products carries risk. Trading in leveraged Over-The-Counter (OTC) Derivative products (including Contracts for Difference (CFDs) and spot foreign exchange contracts) involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. OTC Derivative products / CFDs are complex financial instruments that do not confer any claim or right to the underlying financial instrument. Transactions in these instruments are very risky, and you should trade only with the capital you can afford to lose. Before deciding to trade on these products, you should consider your investment objectives, risk tolerance and your level of experience. Accordingly, you should ensure that you understand the risks involved and seek independent advice from professionals, if necessary.
Century Financial Consultancy LLC (CFC) is duly licensed and regulated by the Securities and Commodities Authority of UAE (SCA) under license numbers 20200000028 and, 20200000081 to practice the activities of Trading broker in the international markets, Trading broker of the OTC derivatives and currencies in the spot market, Introduction, Financial Consultation and Financial Analysis, and Promotion. CFC is a Limited Liability Company incorporated under the laws of UAE and registered with the Department of Economic Development of Dubai (registration number 768189). CFC has its registered office at 601, Level 6, Building no. 4, Emaar Square, Downtown, Dubai, UAE, PO Box 65777.
Any content available on our website is presented solely to provide information and educate visitors. Under no circumstances is any of this content meant to be construed as an offer, recommendation, advice, or solicitation to buy or sell securities or other financial products.
This website's information is not intended for use by anybody residing outside UAE or where such use would violate local laws or regulations.
