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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 went down 1.95%

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) went down 1.95% to close Wednesday's session at 2,864.17 points.

A total of 121.26 million shares were traded through 3,373 transactions valued at AED 208.641 million.

Al Salam Bank - Sudan headed the red zone with 9.74%, while National Industries Group Holding (NIND) topped the green zone with 14.98%.

As for the Abu Dhabi Securities Exchange (ADX), the main index inched down 0.62% to settle at 7,853.702 points by the end of Wednesday's session.

Turnover amounted to AED 2.08 billion after 567.48 million shares had been exchanged through 13,554 transactions.

Sharjah Cement and Industrial Development Co came on top of the losing stock with 10%, while National Takaful Company (Watania) led the green zone with 14.89%.