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UAE stock markets close Monday in red zone

UAE stock markets close Monday in red zone
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UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Monday’s trading session lower by 59.94 points (1.75%) at 3,349.01 points.

The trading value amounted to AED 333.55 million through the exchange of 128.84 million shares.

Dar Al Takaful and Islamic Arab Insurance Company (Salama) were the only gainers with 1.22% and 0.39%, respectively. Meanwhile, Union Properties headed the losers with 5.22%.

Emaar Properties was the most active stock in terms of the trading volume and value with 22.50 million shares traded at AED 135.50 million.

Similarly, the benchmark index of the Abu Dhabi Securities Exchange (ADX) closed the session down by 2.38% to 9,766.24 points.

A total of 269.89 million shares were traded at a value of AED 1.47 billion, and the market cap stood at AED 2.22 trillion.

Hayah Insurance Company advanced the risers with 14.98%, whereas Ras Al Khaimah Poultry and Feeding Company led the fallers with 9.33%.

International Holding Company (IHC) posted the highest turnover of AED 285.40 million, while Abu Dhabi National Energy Company (TAQA) was the most active stock on which 45.59 million shares were exchanged.