UAE stocks gained 9.6 billion dirhams at the end of Tuesday’s trading

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Mohamed Shaker – Mubasher: UAE financial market indices rose at the end of trading today, Tuesday, coinciding with market expectations of a slowdown in raising federal interest rates..

According to the data of the UAE financial markets, the profits of the Dubai Financial Market amounted to 2.595 billion dirhams, while the Abu Dhabi Stock Exchange gained 7 billion dirhams, with a total profit of 9.595 billion dirhams.

The Dubai and Abu Dhabi stock exchanges attracted a liquidity of 1.449 billion dirhams, distributed over 14,209 transactions.

With the close of trading today, the Dubai Financial Market index rose 0.41 percent, to the level of 3364 points.

And there were transactions on Dubai shares, with a volume of 72.100 million shares, at a value of 144.214 million dirhams.

This came amid an increase in DEWA shares by 0.41 percent, Dubai Islamic Bank by 2.16 percent, Emaar Properties by 0.34 percent, and Emaar Development by 0.90 percent.

The market value of Dubai shares amounted to 586.180 billion dirhams at the end of today’s trading, compared to 583.585 billion dirhams at the end of Monday’s trading, with profits amounting to 2.595 billion dirhams.

The Abu Dhabi Financial Market index rose by 0.63 percent, to the level of 10159 points.

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And there were transactions on Abu Dhabi shares with a volume of 163.659 million shares, at a value of 1.304 billion dirhams.

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This came amid an increase in the shares of Abu Dhabi Commercial Bank by 0.57 percent, Abu Dhabi Islamic Bank by 1.22 percent, Agthia Group by 0.48 percent, and Al-Dar Properties by 1.32 percent.

The market value of Abu Dhabi shares amounted to 2.554 trillion dirhams at the end of trading today, compared to 2.547 trillion dirhams at the end of Monday’s trading, with gains amounting to 7 billion dirhams.

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