UAE stock market indices rose at the close of trading on Tuesday, amid declining bets on the timing of the Federal Reserve's first interest rate cut this year.
According to data from the UAE financial markets, the Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.471 billion dirhams, distributed over 27,130 thousand transactions.
At the end of today's trading, the Dubai Financial Market index rose by 0.143 percent to 4,269 points, amid trading volume of 281.285 million shares worth 483.717 million dirhams.
This came amid a 0.43 percent rise in Dubai Investments shares, 2.50 percent in Emaar Properties, 0.93 percent in Emaar Development, and 0.91 percent in Ithmaar Holding.
The market value of Dubai stocks reached 726.938 billion dirhams at the close of trading today, compared to 729.932 billion dirhams at the close of trading on Monday, with losses amounting to 2.993 billion dirhams.
The Abu Dhabi Securities Exchange index rose by 0.082 percent to 9,252 points, amid trading volume of 244.722 million shares, worth 988.029 million dirhams.
This came amid a 1.44 percent rise in Abu Dhabi Commercial Bank, 1.25 percent in Abu Dhabi Islamic Bank, 1.02 percent in Agthia Group, and 0.80 percent in Borouge.
The market value of Abu Dhabi shares reached 2.736 trillion dirhams at the close of trading today, compared to 2.739 trillion dirhams at the close of trading on Monday, with losses amounting to 3 billion dirhams.
