UAE stock market indices declined at the end of trading on Wednesday, amid fears of an escalation of the conflict in the Middle East.
According to data from the UAE financial markets, the Dubai Financial Market incurred losses of AED 1.316 billion, and the Abu Dhabi Securities Market incurred losses of AED 3.498 billion, with total losses of AED 4.815 billion.
The Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.373 billion dirhams, distributed over 32,736 thousand transactions.
At the end of today's trading, the Dubai Financial Market Index fell by 0.272 percent to 4,172 points, amid trading volume of 130.303 million shares worth 402.537 million dirhams.
This came amid a 2.2 percent decline in Air Arabia shares, 1.24 percent in DEWA, 2.84 percent in Commercial Bank of Dubai, 0.41 percent in DEWA, 0.45 percent in Dubai Taxi, and 1.71 percent in Mashreq Bank.
The market value of Dubai stocks reached 716.317 billion dirhams at the close of trading today, compared to 717.633 billion dirhams at the close of trading on Tuesday, with losses amounting to 1.316 billion dirhams.
The Abu Dhabi Securities Exchange index also declined by 0.317 percent to 9,165 points, amid trading volume of 201.404 million shares worth 970.693 million dirhams.
This came amid a 5.70 percent decline in Abu Dhabi Islamic Bank shares, 0.51 percent decline in ADNOC Drilling, 0.64 percent decline in ADNOC Gas, 0.51 percent decline in ADNOC Logistics, and 0.84 percent decline in Abu Dhabi Commercial Bank shares.
The market value of Abu Dhabi shares reached 2.714 trillion dirhams at the close of trading today, compared to 2.718 trillion dirhams at the close of trading on Tuesday, with losses amounting to 3.498 billion dirhams.
