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UAE stock markets close Wednesday in red zone

UAE stock markets close Wednesday in red zone
The benchmark index of the DFM declined by 1.54%

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) decreased by 1.54% or 39.44 points to settle at 2,507.80 points by the end of Wednesday's session.

A total of 163.57 million shares were traded through 3,388 transactions valued at AED 231.63 million.

Emirates Refreshments Co led the losing stocks with 4.97%, while  Al Ramz Corporation Investment and Development topped the rising stocks with 6.56%.

As for the Abu Dhabi Securities Exchange (ADX), the main index went down by about 0.73% to close Wednesday's session at 5,629.53 points.

Turnover amounted to AED 891.94 million after 144.74 million shares had been exchanged through 2,757 transactions.

Bank of Sharjah came on top of the red zone with 2.47%, while Abu Dhabi National Takaful Co (TKFL) led the green zone with 7.04%.