UAE bourses in green as key global stocks end flat in volatile trading

WAM
30 Jun 2022, 09:08 GMT+10

ABU DHABI, 29th June, 2022 (WAM) -- 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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.

More Information

28 ℃

Mostly Cloudy in Seletar

Business

Section

Survey of economists says 2022 Turkey deficit could grow to $40.2 bln

ISTANBUL, Turkey: Turkey's current accounts are expected to record a deficit of $3.4 billion in June and end the year ...

Japan's Nikkei 225 drops 249 points as Asian stocks flounder

SYDNEY, NSW, Australia - Stocks in Asia were mixed Tuesday while in the Pacific, markets rose. The scene mirrored events ...

Bangladesh cuts fuel subsidies, raises fuel prices by 50 percent

DHAKA, Bangladesh: Bangladesh raised fuel prices by some 50 percent this week, which is aimed at reducing the country's subsidy ...

U.S. stocks start week on mixed note, Nasdaq Composite loses 13 points

NEW YORK, New York - U.S. stocks closed mixed on Monday as investors fret about CPI data due to be ...

Amazon pays $1.7 billion for vacuum maker iRobot

NEW YORK CITY, New York: Amazon announced this week that it had purchased robotic vacuum maker iRobot for approximately $1.7 ...

$9 billion wind farm to be built in Atlantic Ocean off Virginia

RICHMOND, Virginia: Dominion Energy Virginia has received state approval to build an enormous offshore wind farm off the coast of ...

Broadcasting

Section