Muhammad Shaker – Mubasher: UAE financial market indices declined at the end of the week’s trading, in light of data indicating that the cycle of reducing interest rates may not begin early, and tensions continuing to escalate in the Middle East region.
According to data from the UAE financial markets, the Dubai Financial Market recorded losses during the week estimated at 409 million dirhams, and the losses of the Abu Dhabi Securities Market amounted to 23 billion dirhams, with a total loss amounting to 23.409 billion dirhams.
At the end of this week’s trading, the Dubai Financial Market Index declined by about 0.56 percent, reaching the level of 4081 points at the end of this week’s trading, compared to about 4104 points at the end of the previous week’s trading.
The market value of Dubai shares recorded 698.225 billion dirhams by the end of the week, compared to about 698.634 billion dirhams the previous week, with losses amounting to 409 million dirhams.
The Abu Dhabi Securities Market index also declined by 0.80 percent, recording 9,712 points at the end of this week’s trading, compared to about 9,791 points the previous week.
The market value of Abu Dhabi shares reached 2.876 trillion dirhams by the end of the week, compared to a value of 2.890 trillion dirhams the previous week, with losses amounting to 23 billion dirhams.
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Nominations:
The Abu Dhabi Stock Exchange index rose to its highest level in 3 months in mid-trading
2024-01-19 11:52:43
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