UAE market indices showed mixed performance on Wednesday, with renewed volatility in stock movements. The Dubai market index fell below 6000 points, declining 0.61% to 5974.08 points, while the Abu Dhabi market continued its rise for the second consecutive session, increasing by 0.17% to 10050.94 points.

In Abu Dhabi, shares of Abu Dhabi Islamic Bank rose 1.5% to AED 21.38, First Abu Dhabi Bank increased 0.24% to AED 16.52, and Abu Dhabi Commercial Bank edged up 0.13% to AED 14.9.

Pressure was seen in Dubai with declines in Emaar Properties by 1.4% to AED 14.1, Dubai Islamic Bank by 0.94% to AED 9.45, Emirates NBD by 1.4% to AED 24.65, Salik by 2.7% to AED 6.38, and Emaar Development by 0.35% to AED 14.25.

Total liquidity in stocks reached AED 1.5 billion, including AED 937.4 million in Abu Dhabi and AED 575 million in Dubai. The total traded shares amounted to 391.35 million, with 216 million shares in Abu Dhabi and 175.35 million in Dubai, across 31,395 transactions.

Abu Dhabi Market

The Abu Dhabi market index rose with gains in financial, industrial, utilities, and energy sectors.

In the financial sector, shares of Al Global Holding rose 0.03% to AED 400.1, Sharjah Bank increased 2% to AED 1.5, GFH Financial Group rose 2% to AED 1.48, and Sharjah Islamic Bank gained 1.75% to AED 2.91.

In the industrial sector, shares of Ibex rose 4.27% to AED 4.4, E7 increased 1.8% to AED 1.13, and NMDC Group rose 0.7% to AED 23.56, while ADNOC Logistics fell 0.37% to AED 5.37, Alpha Dhabi declined 0.55% to AED 10.92, and Emsteel dropped 0.8% to AED 1.26.

In real estate, Aldar shares fell 0.1% to AED 9.48, Ras Al Khaimah Properties declined 1.97% to AED 1.49, Ishraq dropped 0.2% to AED 0.54, and Madar Holding fell 1.36% to AED 3.63, while Manazel remained stable.

Energy sector shares declined with ADNOC Gas down 0.9% to AED 3.32, NMDC Energy down 0.4% to AED 2.46, Dana Gas down 0.27% to AED 0.749, ADNOC Drilling down 0.7% to AED 5.49, and ADNOC Distribution down 0.27% to AED 3.68.

Technology shares saw Phoenix Group rise 4.23% to AED 1.48, while Presight fell 0.86% to AED 3.47, Space42 dropped 1.5% to AED 1.93, and Alpha Education declined 1% to AED 1, with Alpha Data stable.

Utility sector saw Taqa shares rise 2% to AED 3.47, and Etisalat increased 0.56% to AED 17.92.

Dubai Market

The Dubai market index declined under pressure from falling shares in financial, real estate, industrial, and utilities sectors.

In finance, shares of Amlak Finance fell 1% to AED 1.81, Dubai Commercial Bank declined 0.2% to AED 9.73, Dubai Financial Market dropped 0.6% to AED 1.64, GFH Financial Group fell 1.37% to AED 1.44, Mashreq Bank declined 0.4% to AED 239, and Shuaa Capital dropped 1.8% to AED 0.27.

In real estate, TECOM shares rose 0.3% to AED 3.35, while Union Properties declined 1% to AED 0.856, with Deyaar stable. Utilities saw Tabreed rise 0.66% to AED 3.01, Empower fell 0.6% to AED 1.68, and DEWA remained unchanged.

In industry, Aramex rose 1% to AED 2.79, Dubai Investments increased 1.7% to AED 2.89, and Dubai Taxi rose 0.4% to AED 2.63, while Salik declined 2.7% to AED 6.38, Drake & Scull fell 0.86% to AED 0.346, and Air Arabia dropped 1.3% to AED 3.71. Consumer services saw Talabat rise 2.5% to AED 1.22.

Liquidity Flow

In Abu Dhabi, the highest liquidity was for Abu Dhabi Islamic Bank at AED 117 million, Al Global Holding at AED 115.5 million, ADNOC Gas at AED 94.3 million, and First Abu Dhabi Bank at AED 85 million.

In Dubai, trading focused on Emaar Properties at AED 177 million, Talabat at AED 81 million, Dubai Islamic Bank at AED 67 million, and Emirates NBD at AED 43 million.

Nationalities

Regarding trading by nationality in Abu Dhabi, foreign investors were net buyers with AED 18 million, and citizens also net buyers with AED 4.16 million. Conversely, Arabs and Gulf investors were net sellers with AED 5 million and AED 17 million respectively.

In Dubai, citizens were net buyers with AED 20.26 million, Arabs also net buyers with AED 7.5 million, while foreigners and Gulf investors were net sellers with AED 11.4 million and AED 16.35 million respectively.