ADX & DFMBig Declines & Talabat Listing?

Market Smart News you need to know

  1. Market Declines:

    • Both ADX and DFM saw significant drops recently due to growing investor concerns over geopolitical tensions in the Middle East and fears of an economic slowdown in the US. On one trading day, DFM fell by 4.12% while ADX slipped by 2.27%, with major stocks like Emaar and Emirates NBD declining sharply​

  2. High Liquidity:

    • Despite the market downturn, the UAE stock markets attracted substantial liquidity, with nearly AED 6.5 billion traded during the week. ADX saw AED 4.57 billion in trades, while DFM recorded AED 1.9 billion. Key sectors driving this liquidity were real estate, financials, and banking​

  3. Large Transactions:

    • Significant direct deals were executed on the DFM, including a large transaction of AED 100.5 million on 5.7 million shares of Emirates NBD. These direct transactions reflect strong institutional interest, even amidst market volatility​

  4. Top Performers:

    • On the ADX, stocks like Presight and Hayah Insurance recorded notable gains, with Presight rising by 23% and Hayah Insurance by 16.2%. In the DFM, Emaar Properties and Union Properties led the trading activity​

Food delivery firm Talabat to list for IPO in Q4

Delivery Hero is preparing an initial public offering (IPO) of its Emirati subsidiary Talabat on the Dubai stock exchange in the fourth quarter of this year, the German food delivery company said on Thursday.

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