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UAE stock market is falling…Index is giving up psychological point

Broadcast United News Desk
UAE stock market is falling…Index is giving up psychological point

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UAE stocks fell at the end of mid-week trading on Wednesday, with the Dubai Index giving up the 4,000-point level, while the Abu Dhabi Market Index failed to maintain levels above 9,000 points.

Dubai’s stock market closed down 0.74% at 3,979.18 points, with Emaar Properties falling 1.16%, the Dubai Islamic Index falling 0.7% and Emirates NBD falling 1.5%.

The top gainers at the close of trading were: Agility 3.65%, Wataniya 2.75%, Empower 1.32%, Wataniya International 1.28% and Spinneys 0.6%.

The biggest losers in Dubai today were: Al Salam Sultan 4.76%, Aman 3.94%, Al Arabiya 3.47%, Takaful Emirates 3.39%, and Drake & Scull 2.70%.

In addition, the Abu Dhabi Market Index fell 0.241% to 8,978.2 points, with a turnover of AED1.44 billion.

The top gainers were Gulf Cement, up 3.57 percent, Bank of Ras Al Khaimah, up 2.91 percent, Abu Dhabi Commercial Company, up 2.6 percent, Abu Dhabi Ports, up 2.36 percent, and Abu Dhabi Logistics, up 1.67 percent.

In contrast, Aleph Education’s share price fell the most on its first trading day, falling 12.59%. Gulf Investment also fell 10%, Hayah Insurance fell 8.04%, Multiplay fell 3.9%, and Manazel fell 3.78%.

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