Abu Dhabi: The UAE stock markets declined on Tuesday on profit-taking by investors, though the slide was marginal.
The Dubai Financial market index fell 1.49 per cent to 1,843.27, while the Abu Dhabi Securities Market general index declined 0.96 per cent to close at 2,794.03.
The Dubai market saw high trading volumes with the value of 674.06 million shares transacted on Tuesday standing at nearly Dh1.17 billion. The Abu Dhabi market, in comparison, saw 155.74 million shares worth a combined Dh155.74 million being transacted.
The feel good factor generated by Nakheel being in a position to meet its immediate debt obligations due to Abu Dhabi's $10 billion timely support remains in the markets though.
Emaar was the most traded share in Dubai by value, while in Abu Dhabi, the share of Aldar Properties was the most traded in value terms.
The UAE stock markets opened on Tuesday on the feel good factor generated by Nakheel being in a position to meet its immediate debt obligations due to Abu Dhabi's $10 billion timely support to the Dubai government announced on Monday.
At 11:20 A.M., the Dubai Financial Market index is up 1.49 per cent to 1,898.79. The gains are led by real estate major Emaar and Arabtec. Emaar's stock is up 6.65 per cent to Dh3.85.
On the Abu Dhabi Securities Market, the general index is up 1.33 per cent at 2,858.68. Aldar Properties is leading the gains in Abu Dhabi, both in terms of volume and the value of shares traded.
Shares worth more than Dh614 million have been transacted in Dubai so far, while in Abu Dhabi, shares worth Dh178.26 million have changed hands.
