By: Mahmoud Gamal
Dubai – Mubasher: The main index of the Dubai Financial Market (DFM) slipped on Thursday at close weighed by the decline of some blue chips.
The main index lost 0.21% or 7.55 points to 3,591.10 points.
Arabtec Holding topped the DFM’s losers, tumbling 2% to AED 2.94, while Emirate NBD shed 1.2% to AED 8.25.
Emaar Properties decreased by 0.7% to AED 8.58, while Dubai Islamic Bank (DIB) lost 0.65% to AED 6.11.
The selling of some blue chips resulted from investors’ cautious trading dragged the DFM, capital market analyst Mohamed Al Azmi told Mubasher.
The current lack of internal incentives prevents the main index from breaking the levels of 3,600 points and 3,620 points, Al Azmi added.
The forecasts of the financial results are not enough to encourage the investors to rush to buy, Al Azmi commented, noting that the market needs the transparent disclosure of the leading companies’ financial results.
The DFM’s trading volume rose to 245.03 million shares from 223.76 million shares on Wednesday, while trading value increased to AED 398.06 million from AED 334.96 million.
Translated by: Muhammed AbdulWakeel
