Abu Dhabi - Mubasher: The performance of the UAE financial markets indices varied at the end of trading on Monday, with the Dubai Financial Market rising, while the Abu Dhabi Securities Market declined, amid expectations that the Federal Reserve will implement additional interest rate cuts this year.

According to data from the UAE financial markets, the Dubai Financial Market’s gains amounted to 10.485 billion dirhams, while the Abu Dhabi Securities Market incurred losses of 13 billion dirhams.

The Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.932 billion dirhams, distributed over 42,870 thousand transactions.

At the end of today's trading, the Dubai Financial Market index rose by 0.39%, reaching 9,382 points, amid trading volume of 284.791 million shares, worth 962.205 million dirhams.

This came amid a 14.64 percent rise in Emirates Islamic Bank shares, 3.60 percent in Salik, 3.16 percent in Talabat, and 2.55 percent in Emaar Properties.

The market value of Dubai stocks reached 945.386 billion dirhams at the close of trading today, compared to 935.351 billion dirhams at the close of trading on Friday, with gains amounting to 10.485 billion dirhams.

On the other hand, the Abu Dhabi Securities Exchange index fell by 0.71 percent to 556 points, amid trading volume of 294.352 million shares worth 970.396 million dirhams.

This came amid a 1.66 percent decline in Abu Dhabi Commercial Bank, 0.12 percent in Abu Dhabi Islamic Bank, 0.18 percent in ADNOC Drilling, and 3.05 percent in Aldar Properties.

The market value of Abu Dhabi shares reached 2.979 trillion dirhams at the close of trading today, compared to 2.992 trillion dirhams at the close of trading on Monday, with losses amounting to 13 billion dirhams.