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UAE stock markets fall collectively on Wednesday

UAE stock markets fall collectively on Wednesday
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UAE – Mubasher: The main index of Dubai Financial Market (DFM) went down by 17.31 points (0.42%) and ended Wednesday’s trading session at 4,057.87 points.

A total of 244.85 million shares were exchanged during the session at a value of AED 582 million.

Emaar Properties recorded the highest trading value of AED 95.95 million, while Union Properties was the most active stock with 12.66 million shares.

Al Ramz Corporation Investment and Development led the risers with 7.14%, whereas Al Salam Bank – Sudan led the fallers with 3.17%.

The benchmark index of the Abu Dhabi Securities Exchange (ADX) also closed the session lower by 0.396% at 8,972.99 points.

ADX’s turnover hit AED 1.09 billion through the exchange of 244.45 million shares, while the market cap value stood at AED 2.76 trillion.

International Holding Company (IHC) posted the highest turnover of AED 194.97 million, whereas Multiply Group dominated the trading volume with 25.70 million shares.

National Bank of Umm Al Qaiwain (NBQ) topped the gainers with 2.97%, while Ras Al Khaimah National Insurance Company headed the losers with 10%.