The performance of the UAE financial market indices varied at the end of trading on Wednesday, with the Dubai Financial Market declining, while the Abu Dhabi Securities Market rose, as investors awaited the release of the minutes of the Federal Reserve meeting for last month.
Investors are looking ahead later today to the release of the minutes from the Federal Reserve's September meeting, which will show discussions about what appeared at the time to be a deteriorating labor market that ended with all but one policymaker agreeing to a 50 basis point cut.
According to data from the UAE financial markets, the Dubai Financial Market incurred losses of AED 699 million, while the Abu Dhabi Securities Market gained approximately AED 23 billion.
The Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 2.192 billion dirhams, distributed over 30,095 thousand transactions.
At the end of today's trading, the Dubai Financial Market index fell by 0.15 percent to 4,422 points, amid trading volume of 116.755 million shares worth 218.154 million dirhams.
This came amid a 1.92 percent decline in Deyaar Development shares, 1.76 percent in Commercial Bank of Dubai, 1.66 percent in Shuaa Capital, and 0.98 percent in Dubai Investments.
The market value of Dubai stocks reached 743.739 billion dirhams at the close of trading today, compared to 744.438 billion dirhams at the close of trading on Tuesday, with losses amounting to 699 million dirhams.
In contrast, the Abu Dhabi Securities Exchange index rose by 0.25 percent to 9,282 points, amid trading volume of 486.032 million shares worth 1.974 billion dirhams.
This came amid a 1.27 percent rise in ADNOC Gas, 1.30 percent in ADNOC Supply, 1.08 percent in Alpha Dhabi Holding, and 1.91 percent in Bank of Sharjah.
The market value of Abu Dhabi shares recorded 2.764 trillion dirhams at the close of trading today, compared to 2.741 trillion dirhams at the close of trading on Tuesday, with gains amounting to 23 billion dirhams.
