The UAE stock market ended the week on a relatively subdued note, although positive sentiment remains strong. Benchmark equity indexes in Abu Dhabi and Dubai both ended the day in positive territory, with the DFMGI recording a weekly gain of over 1.6%.
Apex Investments +5.4% Agility +2.2% Multiply Group -2.5%
Apex Investment was the best performer among large caps, rising 5.4%. Trading volume was much higher than in recent times on a particularly active day, but the surge in interest was not driven by any notable news.
Public Warehousing Company Agility came in second, up 2.2%. The company continues to pull away from lows set earlier in the week, but trading in its shares remains very limited.
Among the large caps, Multiply Group was the biggest loser, closing down 2.5%. Again, there was no notable news, but the stock has risen nearly 20% in the past week and a half, suggesting this may simply be profit-taking on the back of a recent strong run-up.