UAE stock market indices rose at the close of trading on Thursday, amidst the possibility that the long-awaited interest rate cut will be in September.
According to data from the UAE financial markets, the Dubai Financial Market’s gains amounted to AED 3.426 billion, and the Abu Dhabi Securities Market’s gains amounted to AED 6 billion, with total gains amounting to AED 9.426 billion.
The Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.382 billion dirhams, distributed over 30,136 thousand transactions.
At the end of today's trading, the Dubai Financial Market index rose by 0.33 percent to 4,309 points, amid trading volume of 375.273 million shares worth 442.147 million dirhams.
This came amid a 0.15 percent rise in Dubai Commercial Bank shares, 1.08 percent rise in Emaar Development shares, 1.53 percent rise in Air Arabia shares, and 1.81 percent rise in Dubai Taxi shares.
The market value of Dubai stocks reached 722.324 billion dirhams at the close of trading today, compared to 718.898 billion dirhams at the close of trading on Wednesday, with gains amounting to 3.426 billion dirhams.
The Abu Dhabi Securities Exchange index also rose by 0.24 percent to 9,370 points, amid trading volume of 278.262 million shares, worth 940.472 million dirhams.
This came amid a 0.46 percent rise in Abu Dhabi Commercial Bank, 1.61 percent in Abu Dhabi Islamic Bank, 1.12 percent in ADNOC Drilling, and 1.29 percent in ADNOC Gas.
The market value of Abu Dhabi shares reached 2.742 trillion dirhams at the close of trading today, compared to 2.718 trillion dirhams at the close of trading on Wednesday, with gains amounting to 6 billion dirhams.
