Report: Dubai market closes in decline and Abu Dhabi reaps new...

Abu Dhabi – Mubasher: The UAE financial markets witnessed a discrepancy during the trading session on Sunday, coinciding with the exposure of some leading stocks to selling pressure after the decline in global markets and oil due to the detection of the US President’s infection with the Corona virus.

At the close of today’s trading, the Dubai Financial Market fell by 0.93 percent, to the level of 244.63 points, a loss of 21.07 points.

And transactions took place on Dubai shares about 174.37 million shares, with a liquidity of 104.28 million dirhams, compared to 212.48 million shares, valued at 151.06 million dirhams, last Thursday.

While the Abu Dhabi Stock Exchange rose by 0.02 percent, to the level of 4492.89 points.

Liquidity fell, such as Dubai, to 223.19 million dirhams, through the circulation of 69.17 million dirhams, compared to the previous session, with a value of 258.74 million dirhams and 63.89 million shares traded.

Emaar Properties fell by 1.77 percent, Union Properties 1.37 percent, Dubai Islamic 2.08 percent, Emaar Development 0.83 percent, and Emaar Malls 2.7 percent.

Abu Dhabi Commercial shares fell 1.07 percent, Abu Dhabi Islamic Bank 0.71 percent, and ADNOC Distribution 0.28 percent.

While TAQA rose 5.07 percent, Sharjah Islamic Bank rose 0.85 percent, Etisalat 0.12 percent, and Aldar 0.5 percent.

The market value of Dubai’s shares reached 313.69 billion dirhams, compared to last Thursday at 315.82 billion dirhams, losing 2.13 billion dirhams.

While Abu Dhabi shares gained 7.32 billion dirhams, after recording the market value of 677.86 billion dirhams, compared to the last session, about 670.54 billion dirhams.

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