Benchmark equity indices in Abu Dhabi and Dubai finished Tuesday’s session as good as unchanged.
- Presight AI +5.4%
- Bayanat AI +3.9%
- Gulf Navigation Holding -5.7%
Presight AI saw some meaningful gains on Tuesday adding 5.4%. The broader AI sector had a good session in East Asia with support here being seen as instrumental in buoying sentiment in Tokyo and Presight’s volumes were notably elevated in Abu Dhabi trading, too.
Bayanat AI also fared well, adding 3.9%. Again this appears to be driven by sector wide momentum as there’s no company specific news in play but the stock also saw a busy day of on-exchange trading taking place.
Dubai listed Gulf Navigation Holding struggled, down 5.7% on the day making for the worst performing large cap. The company last week advised that a capital raising exercise to fund an acquisition may be necessary and today’s price movement is notable especially against a relatively small traded volume.
