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5 stories mentioning ADX:2POINTZEROUpdated 15d ago

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Equities

Abu Dhabi Securities Exchange Adds Six Single Stock Futures to Derivatives Market

The Abu Dhabi Securities Exchange Group said it listed six new single stock futures, expanding its derivatives offering to 17 futures and 50 contracts.The new futures are linked to Adnoc Gas (ADX:ADNOCGAS), Adnoc Drilling (ADX:ADNOCDRILL), Adnoc Logistics & Services (ADX:ADNOCLS), Presight AI (ADX:PRESIGHT), Sharjah Islamic Bank (ADX:SIB), and Two Point Zero Group (ADX:2POINTZERO), according to a release dated Monday and filed with the exchange Tuesday.The stock exchange operator will also remove daily price limits on its exchange-traded funds and futures contracts, effective Aug. 3.

ADX:2POINTZEROADX:ADNOCDRILLADX:ADNOCGASADX:ADNOCLSADX:PRESIGHTADX:SIB
Equities

2PointZero Unit Concludes $2.25 Billion Traverse Midstream Partners Purchase

2PointZero Group's (ADX:2POINTZERO) ePointZero subsidiary completed the acquisition of US-based Traverse Midstream Partners for $2.25 billion.The all-cash deal marks the specialized energy infrastructure platform's entry into the US market, according to a Tuesday release. Traverse Midstream was a portfolio company of natural resources private equity firm The Energy & Minerals Group.ePointZero gains a 35% non-operated interest in the Rover Pipeline and a 25% stake in the Ohio River System midstream assets in the US through the deal. The assets are located in the Appalachian Basin.

ADX:2POINTZERO
Asia Markets

Emirati Stocks Gain as Non-oil Private Sector Growth Softens

Stock trading in the United Arab Emirates closed the week on a positive note as investors shrugged off the latest figures from the region's non-oil private sector.At the close of Friday trading, the FTSE ADX General Index and the DFM General Index gained 0.929% and 1.144%, respectively.The S&P Global UAE PMI slipped to 50.8 in June from 52.6 in May, marking the slowest private sector activity expansion in five years. The weak growth reflected delayed consumer spending, weak tourism activity, and elevated input costs due to the disruptions caused by the Middle East conflict."Looking ahead, recent moves towards an easing of geopolitical tensions in the region should help firms recover demand and normalise supply chains - indeed, the greater movement of shipping along the Strait of Hormuz in June led to shorter delivery times. That said, client caution has persisted so far, and businesses have sufficiently moved to cut staff capacity, suggesting that a rebound in the non-oil sector may turn out to be gradual," S&P Global Market Intelligence principal economist David Owen commented.Closer to home, Dubai Chambers conducted a roundtable in Shanghai to outline investment opportunities for Chinese investors and companies in Dubai's technology, agentic artificial intelligence, logistics, and advanced manufacturing sectors.On the corporate side, Two Point Zero Group (ADX:2POINTZERO) unit Multiply Media Group partnered with Arabian Centres Co., d/b/a/ Cenomi Centers, to develop a digital out-of-home advertising network in Riyadh and Jeddah, Saudi Arabia. Two Point Zero Group closed the session 0.47% higher.Al Sagr National Insurance (DFM:ASNIC) shares ended flat. The Dubai-listed insurance company named Jasim Hussain Ahmed Al Ali as its new chairman at its board meeting held on Thursday.Across the pond, the US and Iran concluded their indirect talks in Doha and will resume them after the funeral processions of the former Iranian Supreme Leader Ayatollah Ali Khamenei.

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US Markets

Emirati Investor IHC Reports Surge in First-quarter Profit as Revenue Jumps 33%

International Holding Co. (ADX:IHC), d/b/a IHC, reported a year-on-year surge in first-quarter attributable profit on Wednesday, aided by a 33.2% jump in revenue.Net profit for the three months ended March 31 attributable to owners of the global investment company expanded to 5.07 billion dirhams from 1.47 billion dirhams a year ago. EPS moved to 2.32 dirhams from 0.67 dirham.The Abu Dhabi-listed holding company, which counts Alpha Dhabi (ADX:ALPHADHABI), Two Point Zero (ADX:2POINTZERO), and Al Seer Marine (ADX:ASM) among its subsidiaries, said revenue grew to 31.45 billion dirhams from 23.61 billion dirhams.The active investor-operator generated 10.8 billion dirhams in revenue from its real estate and construction holdings. Revenue from marine and dredging reached 6.9 billion dirhams, while energy and mining contributed 5.4 billion dirhams amid expansion across mining and energy activities.IHC's total assets stood at 445.3 billion dirhams, a 3.9% increase from the end of 2025. Return on equity improved to 17.8%, while total debt rose to 94.8 billion dirhams to fund the group's growth initiatives."The Group will continue to prioritise high-performing platforms, scale its presence across strategic sectors, and deepen integration across its Dynamic Value Networks to unlock further value," IHC said.

ADX:2POINTZEROADX:ALPHADHABIADX:ASMADX:IHC
Asia Markets

UAE Equities Close Lower Ahead of Key US Economic Data

​Trading in the United Arab Emirates ended in the red as markets await the release of a key US economic report later in the day.At the close of Thursday trading, the FTSE ADX General Index was down 0.330%, while the DFM General Index shed 1.45%.​The US Bureau of Economic Analysis will release personal consumption expenditures price index data, which is the Federal Reserve's preferred measure of inflation, for February on Thursday."After rising 0.3% in January and 2.8% on an annual basis, the PCE is expected to increase 0.4% in February and 2.8% year-over-year, potentially matching the annual increase at the start of the year," Stifel said in a note. "Excluding food and energy costs, the core PCE is also expected to increase 0.4% in February and 3.0% on an annual basis, potentially marking the smallest annual rise since December."On the geopolitical front, oil prices rose again amid worries of a fragile ceasefire deal between the US and Iran. Israel launched fresh strikes on Lebanon, with Iran stating that the attacks halted the passage of oil tankers through the Strait of Hormuz.Also dampening sentiment was US President Donald Trump's threats to impose an immediate 50% tariffs on countries supplying weapons to Iran, Reuters reported.Back home and on the corporate front, stocks of Two Point Zero Group (ADX:2POINTZERO) closed the session 2.89% in the red. The investment company's subsidiary, E Point Zero Holding, created a joint venture with Adani Green Energy to develop renewable energy projects in India.Dubai-listed Emirates Integrated Telecommunications (DFM:DU), d/b/a du, secured a new 2 billion-Emirati-dirham facility for general corporate purposes with local and international lenders. Shares of the telecommunications company closed the session 1.54% lower.

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