UAE stock markets close Thursday in red zone

UAE stock markets close Thursday in red zone

UAE – Mubasher: The benchmark index of Dubai Financial Market (DFM) declined by 61.41 points (1.84%) to close Thursday’s session at 3,274.38 points.

The turnover amounted to AED 382.20 million after 177.37 million shares were traded.

Emirates Refreshments led the fallers with 9.85%, while Emirates Integrated Telecommunications Company (du) was the only riser with 0.15%.

Emaar Properties was the most active stock in terms of the trading volume and value with 27.79 million shares worth AED 135.09 million.

Similarly, the main index of Abu Dhabi Securities Exchange (ADX) fell by 0.309% to 9,072.17 points.

The turnover reached AED 1.33 billion through the trading of 261.09 million shares. The market cap value amounted to AED 1.73 trillion.

National Corporation for Tourism and Hotels (NCTH) led the fallers with 10%, while Gulf Cement Company was the top riser with 2%.

Aldar Properties recorded the highest trading volume of 54.44 million shares, while First Abu Dhabi Bank (FAB) generated the highest turnover of AED 254.03 million.