With key global stocks ending flat in volatile trading on Wednesday worries over faster interest hikes, the UAE twin bourses steadied Wednesday, closing higher at 9568.29 pts and slightly down at 3245.84 pts in Abu Dhabi and Dubai respectively.
The Abu Dhabi Securities Exchange (ADX)’s turnover ended up at over AED1.566 trillion following12,324 trades, while the Dubai Financial Market's share turnover stood at AED141,851,708.
The growth was driven by the blue chips, including International Holding Co PJSC - IHC (ASMAK), which ended 0.38 percent up at AED288.1, and ADNOC Drilling, which closed higher 2.4 percent at AED4.279. Alphadhabi, Abu Dhabi Islamic Bank, and ADNOC Distribution ended favourably at AED26.88; AED7.600; and AED4.270 respectively.
At DFM, DEWA edged 1.59 percent up to AED2.550 following AED13.8 million of transactions; with Emaar Properties ending up the best performer with AED31.2 million of deals at AED5.270.
News Source: Emirates News Agency