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 5.520 billion, and the Dubai and Abu Dhabi stock exchanges attracted liquidity of AED 1.460 billion distributed over 23,503 thousand transactions.
At the end of today's trading, the Dubai Financial Market index fell by 0.82 percent to 4,246 points, amid trading volume of 256.982 million shares worth 503.592 million dirhams.
This came amid a 4.45 percent decline in Dubai Commercial Bank shares, 1.22 percent in DEWA, 1.18 percent in Dubai Islamic Bank, and 0.85 percent in Dubai Investments.
The market value of Dubai stocks reached 728.093 billion dirhams at the close of trading today, compared to 733.613 billion dirhams at the close of trading on Monday, with losses amounting to 5.520 billion dirhams.
The Abu Dhabi Securities Exchange index also declined by 0.011 percent to 9,318 points, amid trading volume of 196.108 million shares, worth 956.818 million dirhams.
This came amid a 0.82 percent decline in Abu Dhabi Commercial Bank, 1.01 percent decline in ADNOC Drilling, 0.50 percent decline in ADNOC Logistics, and 1.36 percent decline in Agthia Group.
The market value of Abu Dhabi shares reached 2.781 trillion dirhams at the close of trading today, compared to 2.780 trillion dirhams at the close of trading on Monday, with gains amounting to one billion dirhams.
