Live – Muhammad Shaker: UAE financial market indices rose at the end of this week’s trade, amid prospects that the Federal Reserve will cut interest rates by around a quarter point at the next monetary policy meeting of the US Central Bank on November 6 and 7..
According to data from the UAE financial markets, the Dubai Financial Market registered gains of 19.654 billion dirhams during the week, and the Abu Dhabi Securities Market gained gains of 31 billion dirhams, with a total gain of 50.654 billion dirhams.
At the end of trading, the Dubai Financial Market Index rose by 3.17 percent, crossing the highest level since November 2014 at 4621 points at the end of this week’s trade, compared to around 4479 points at end of last week’s trade..
The market value of Dubai shares recorded 764.176 billion dirhams at the end of this week’s trading, compared to approximately 744.522 billion dirhams the previous week, with gains amounting to 19.654 billion dirhams..
The Abu Dhabi Securities Market index also rose 1.57 percent to register 9,348 points at the end of this week’s trade, compared to around 9,203 points the previous week..
The market value of Abu Dhabi shares reached 2.773 trillion dirhams at the end of this week’s trading, compared to the value of 2.742 trillion dirhams the previous week, with gains amounting to 31 billion dirhams..
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2024-11-01 11:47:00
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