UAE stock market indices declined at the close of trading on Tuesday, amid anticipation of the timing of the first interest rate cut by the US Federal Reserve this year.
According to data from the UAE financial markets, the Dubai Financial Market incurred losses of AED 708.979 million, and the Abu Dhabi Securities Market lost AED 10.17 billion of its market value, for a total of AED 10.878 billion.
The Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.9 billion dirhams, distributed over 23,706 thousand transactions.
At the end of today's trading, the Dubai Financial Market index fell by 0.34 percent to 4,231 points, amid trading volume of 264.026 million shares worth 663.771 million dirhams.
This came amid a 0.97 percent decline in Deyaar Development shares, 1.22 percent in DEWA, 0.51 percent in Dubai Islamic Bank, and 1.71 percent in Dubai Investments.
The market value of Dubai stocks reached 727.93 billion dirhams at the close of trading today, compared to 728.093 billion dirhams at the close of trading on Tuesday, with losses amounting to 5.520 billion dirhams.
The Abu Dhabi Securities Exchange index also declined by 0.486 percent to 9,273 points, amid trading volume of 232.346 million shares worth 1.24 billion dirhams.
This came amid a 2.7 percent decline in Abu Dhabi Commercial Bank, 1.41 percent in Abu Dhabi Islamic Bank, 0.94 percent in ADNOC Gas, and 0.52 percent in Agthia Group.
The market value of Abu Dhabi shares reached 2.771 trillion dirhams at the close of trading today, compared to 2.781 trillion dirhams at the close of trading on Tuesday, with losses amounting to 10.169 billion dirhams.
