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Dubai and Abu Dhabi Gains Lead by Cement and Adnoc
The UAE financial markets experienced limited gains during midday Wednesday despite a decline in overall indices. The "National Cement" share in Dubai led with an increase of approximately 6.59%, reaching AED 0.28. In Abu Dhabi, "Adnoc Logistics" rose by about 1.83%, hitting AED 5.0. Despite these gains, the markets generally declined; the Dubai Stock Exchange index fell by 0.395%, equivalent to 22.94 points, ending at 5,789.43 points. Trading value decreased to AED 191.13 million, with 56.75 million shares traded. Similarly, the Abu Dhabi market declined by 0.124%, reaching 9,772.47 points, with a trading volume of 129.47 million shares and a value of AED 436.95 million. The main factor impacting the market was rising geopolitical tensions in the region, which affected investor sentiment and led to varied stock performances.
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