UAE markets extend gains midweek
UAE stock markets experienced an increase during midday trading on Wednesday. The Dubai Financial Market Index rose by 0.215%, adding 12.62 points to reach 5,892.49 points, with a trading volume of 171.964 million dirhams across 68.740 million shares. In Abu Dhabi, the market index increased by 0.203%, gaining 20.30 points to reach 10,027.83 points, with a total trading value of 542.836 million dirhams through 124.588 million shares. The positive performance was supported by statements indicating a reduced likelihood of interest rate hikes by the Federal Reserve, which boosted buying activity in both markets.
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