6 Hrs
Source:
الخليج
Stocks steady on selective buying
The UAE stock markets concluded Wednesday's session with a slight increase supported by selective buying of some leading stocks in Abu Dhabi and Dubai, with total trading volumes exceeding 1.65 billion dirhams. The Abu Dhabi Market Index edged up modestly by 0.04%, closing at 9,839.56 points, while the Dubai Market Index rose by 0.12%, closing at 5,796.79 points. The markets witnessed a major deal on the Adnoc Distribution share, worth 435.14 million dirhams for 112.44 million shares at a price of 3.87 dirhams per share, reflecting investors' interest in the importance of the oil sector within the market. In terms of sectors, financial, industrial, real estate, and telecommunications stocks performed positively, with shares like First Abu Dhabi Bank, Emirates NBD, Aram Group, and Etisalat showing gains, while some other stocks experienced downturns. The total trading value reached 1.65 billion dirhams, with Arab and foreign investors engaging in mixed buying and selling activities, according to market reports.
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