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UAE stock markets close Thursday in red zone

UAE stock markets close Thursday in red zone
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UAE – Mubasher: The main index of Dubai Financial Market (DFM) fell by 37.04 points (1.14%) to 3,198.94 points on Thursday.

The trading value totalled AED 246.12 million after 86.91 million shares were exchanged.

Emirates Refreshments Company led the fallers with 9.91%, while Takaful Emarat – Insurance Company was the top riser with 4.71%.

Dubai Electricity and Water Authority (DEWA) was the most active stock in terms of the trading volume and value with 33.55 million shares exchanged at AED 84.98 million.

Similarly, the benchmark index of Abu Dhabi Securities Exchange (ADX) fell by 0.605% to 9,188.19 points.

There were 234.80 million shares traded at AED 1.711 billion in value. The market cap reached AED 1.94 trillion.

National Corporation for Tourism and Hotels (NCTH) was the top faller with 10%, while Sudatel Telecom Group advanced the risers with 9.90%.

First Abu Dhabi Bank (FAB) recorded the highest trading value of AED 593.56 million, while Dana Gas was the most active stock on which 45 million shares were exchanged.