UAE stock market indices declined at the close of trading on Thursday, amid hopes that major central banks will cut interest rates later in the year.
According to data from the UAE financial markets, the Dubai Financial Market’s losses amounted to 4.366 billion dirhams, and the Abu Dhabi Securities Market incurred losses of 17 billion dirhams, with total losses of 21.366 billion dirhams.
At the end of today's trading, the Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.625 billion dirhams, distributed over 23,809 thousand transactions.
The Dubai Financial Market index fell by 0.60 percent to 4,229 points, amid trading volume of 199.575 million shares, worth 361.647 million dirhams.
This came amid a 0.82 percent decline in Dubai Commercial Bank shares, 1.48 percent in Dubai Financial Market, 0.82 percent in DEWA, and 1.53 percent in Dubai Islamic Bank.
The market value of Dubai shares reached 721.401 billion dirhams at the end of today’s trading, compared to 725.767 billion dirhams at the end of Wednesday’s trading, with losses amounting to 4.366 billion dirhams.
The Abu Dhabi Securities Exchange index also declined by 0.78 percent to 9,315 points, amid trading volume of 314.878 million shares worth 1.263 billion dirhams.
This came amid a 1.25 percent decline in Abu Dhabi Commercial Bank, 2.62 percent in Abu Dhabi Islamic Bank, 2.66 percent in ADNOC Drilling, and 0.73 percent in ADNOC Supply.
The market value of Abu Dhabi shares reached 2.764 trillion dirhams at the close of trading today, compared to 2.781 trillion dirhams at the close of trading on Wednesday, with losses amounting to 17 billion dirhams.
