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Abu Dhabi: The flat performance of UAE stocks persisted on Tuesday with the Emirates Securities general index retreating by 0.15 per cent to 4427.08.
Even after a company like Oasis International Leasing getting an international ranking on Tuesday, the news failed to affect the share price, as heavy speculative trading is resulting in artificial fluctuations.
Nevertheless, the news of Dubai Financial Market's mother company, Borse Dubai's bid for the Scandinavian stock market operator OMS, seems to have had a positive impact, as the DFM scrip emerged as the leading choice in terms of value of trades, rising by 1.33 per cent to Dh3.04.
Dubai's benchmark index closed almost flat at 4299.58 with a mere 0.06 per cent rise compared with the previous close.
In Abu Dhabi, the general index continued its marginal decline for the second consecutive session, falling 0.37 per cent to 3492.43.
The value of traded shares fell to Dh337.29 million, compared to Dh793.47 million in Dubai.
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