Stock exchanges in United Arab Emirates closed higher on Friday, with Abu Dhabi boosted by a surge in Adnoc and OCI- owned fertilizer firm Fertiglobe (FERTIGLB.AD), opens new tab, Dubai extends gains.
Abu Dhabi's benchmark index (.FTFADGI), opens new tab rose 0.1%, bolstered by a 10.1% surge in Fertiglobe, while Abu Dhabi's richest listed firm International Holding Company (IHC.AD), opens new tab gained 0.5%.
Abu Dhabi National Oil company (Adnoc) announced on Friday that it had received all regulatory approvals to complete acquisition of OCI's 50% + 1 share stake in Fertiglobe.
Dubai's main index (.DFMGI), opens new tab extended gains to second session with 0.1% increase, supported by a 2.8% jump in Emirates Integrated Telecommunications (DU.DU), opens new tab after the firm unveiled two new operating sub-brands joining DU business — DU tech and DU infra.
Among the gainers, Mashreqbank (MASB.DU), opens new tab rose 1.3% and Dubai Taxi (DTC.DU), opens new tab advanced 2.3%.
Abu Dhabi and Dubai index notched up 0.79% and 0.88%, respectively, on a weekly basis, according to LSEG data.
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