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UAE Stocks: Agthia Group, Emaar Properties, Ghitha

  • Agthia Group +4.5%
  • Emaar Properties +4.4%
  • Ghitha -5.2%

Agthia Group were one of the day’s biggest risers, adding 4.5% by the close. The company published an investor update over the weekend and today’s gains extend those seen on Monday, although the volume of individual trades booked is being reported as notably higher than average.

Emaar Properties also fared well, adding 4.4% on the day. Again that extends the advances posted at the start of the week and the idea that any US interest rate cut may be pushed back towards the end of the year is clearly doing nothing to deter investors. The share price has now recovered most of last week’s losses.

Ghitha was down 5.2% on the day making for one of the biggest fallers amongst larger cap companies. After a good run towards the end of last week, the trading and distribution company has promptly reversed those gains although the trend line from late April remains positive.

Tomorrow is the last entitlement date for dividend payments for Agility Global and Abu Dhabi National Energy Company (TAQA)

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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