Equities are starting the week in a risk-on mindset globally and the UAE is no exception with gains of 0.8% being recorded on the benchmark Abu Dhabi equities index whilst the Dubai equivalent is faring fractionally better, just over 1% higher.
- Americana Restaurants +5%
- Agility Public Warehousing +4.7%
- National Industries Group -5.3%
Americana Restaurants added 5% on the day. The stock has taken a beating of late with the anti-American sentiment off the Israel-Gaza war that dominated in 2024 failing to be placated by Trump’s America first rhetoric. However, with the share price still around 50% off the September 2023 levels, purely looking at the financials there’s a case to argue that there’s value to be found here. It’s a theme that has been picked up in the investing media and elevated volumes were noted, too.
Agility Public Warehousing was 4.7% higher on the day, extending the run of gains from last week. The stock usually sees lumpy trade and whilst some transactions were booked today, volumes were recorded as being on the low side. With no supporting news, the move could simply be a result of limited liquidity.
National Industries Group was 5.3% lower on the day. The company’s valuation saw some notable gains last week following corporate updates but these were backed by limited trading volumes. Again liquidity could be the explanation for the volatility.
