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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 1.02%

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) declined by 1.02% to settle at 2,839.98 points by the end of Wednesday's trading session.

A total of 109.66 million shares were traded through 2,111 transactions valued at AED 166 million.

Al Salam Group Holding led the losing stocks with 6.5%, while International Financial Advisors Holding (IFA) topped the rising stocks with 14.82%.

As for the Abu Dhabi Securities Exchange (ADX), the main index went down by about 0.65% to close Wednesday's trading session at 6,697 points.

Turnover amounted to AED 1.4 billion after 270.59 million shares had been exchanged through 4,870 transactions.

Ras Al Khaimah Cement Company came on top of the red zone with 9.73%, while Fujairah Cement Industries headed the green zone with 8.91%.