UAE stock markets close Wednesday in red zone

UAE stock markets close Wednesday in red zone

UAE - Mubasher: The UAE stock markets have ended Wednesday's trading session in the red zone.

The benchmark index of the Dubai Financial Market (DFM) went down by 0.27% to settle at 2,517.97 points by the end of Wednesday's session.

A total of 109.23 million shares were traded through 1,605 transactions valued at AED 145.12 million.

The market cap value decreased by AED 540 million to AED 343.11 billion, compared to AED 343.65 billion during the previous session.

National Cement Co (NCC) topped the red zone with 4.60%, while BH Mubasher headed the green zone with 3.52%.

As for the Abu Dhabi Securities Exchange (ADX), the main index retreated by around 0.21% to close Wednesday's session at 5,088.09 points.

Turnover amounted to AED 396.39 million after 91.35 million shares had been exchanged through 1,518 transactions.

The market cap value declined by AED 2.34 billion to AED 728.94 billion, compared to AED 731.28 billion during the previous session.

Gulf Pharmaceutical Industries (Julphar) topped the losing stocks with 5%, while Ras Al Khaimah Co. for White Cement and Construction Materials led the rising stocks with 13.5%.