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UAE stocks markets register gains after Fed

decision

UAE stocks markets register gains after Fed decision

14 June 2024 09:54
ABU DHABI (AlETIHAD)

UAE stock markets gained on Thursday as investors reacted positively to a

softer-than-expected US inflation report, even though the Federal Reserve
lowered its forecast for interest rate hikes to just one this year.

The Abu Dhabi benchmark index, FADGI, rose 0.55% to 8,978.33 points.
Alpha Dhabi led the gainers, climbing 3.4%. Hayah Insurance surged 9.7%,

Abu Dhabi National Company for Building rose 8.3%, and conglomerate
International Holding Co. (IHC) added 1.2%. Gulf Cement Company, Invictus
Investment Company, and Fertiglobe were among the losers in Thursday’s
trading.

Dubai’s benchmark stock index, DFMGI, inched up 0.93% to 3,980 points

https://en.aletihad.ae/news/business/4493895/uae-stocks-markets-register-gains-after-fed-
decision