Muhammad Shaker – Mubasher: UAE financial market indices rose at the close of trading on Tuesday, amid weak pricing of the possibilities of the Federal Reserve raising interest rates next month..
According to data from the UAE financial markets, the gains of the Dubai Financial Market amounted to 2.273 billion dirhams, and the Abu Dhabi Securities Market gained 6 billion dirhams, with a total gain of 8.273 billion dirhams.
At the end of today’s trading, the Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.597 billion dirhams, distributed over 20,134 thousand transactions.
The Dubai Financial Market index rose by 0.35 percent, reaching the level of 4008 points, amid transactions with a volume of 120.366 million shares, worth 523.475 million dirhams.
This came amid a rise in the shares of Emirates NBD Bank by 1.13 percent, Ithmaar Holding by 1.44 percent, Empower by 1.78 percent, and SALIC Company by 0.94 percent.
The market value of Dubai shares reached 676.168 billion dirhams at the close of trading today, compared to 673.895 billion dirhams at the close of trading on Monday, with gains amounting to 2.273 billion dirhams.
The Abu Dhabi Securities Market index also rose by 0.27 percent to the level of 9541 points, amid transactions of 252.031 million shares worth 1.073 billion dirhams.
This came amid a rise in shares of Abu Dhabi Commercial Bank by 1.81 percent, Alpha Dhabi Holding by 1.06 percent, Bank of Sharjah by 0.15 percent, and Dana Gas by 2.56 percent.
The market value of Abu Dhabi shares reached 2.786 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 6 billion dirhams.
The performance of the UAE financial markets varied at the end of trading on Monday, with the Dubai Financial Market index rising, while the Abu Dhabi Securities Market index declined..
This comes amid growing expectations that the Federal Reserve will begin cutting interest rates next year after it likely ended its rate hike cycle earlier this month..
According to data from the UAE financial markets, the Abu Dhabi Securities Market incurred losses amounting to 10 billion dirhams, and the Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.282 billion dirhams, distributed over 18,438 thousand transactions..
contrast Performance of the UAE financial markets by the end of the first ten months of this year “During the period from January to October 2023, the Dubai Financial Market rose, while the Abu Dhabi Securities Market declined, coinciding with the continued escalation of the geopolitical situation in the Middle East region..
And he reached Net investments of foreigners in stocks in the UAE financial markets During the first 10 months of this year (the period from January to October 2023), a value of 2.229 billion dirhams ($607.167 million) as sales proceeds..
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Nominations:
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2023-11-28 13:30:35
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