Banks, real estate weigh on DFM in week

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index dropped 77.57 points, or 2.36%, to 3,208.98 points in a week, on the back of the banks and the real estate sectors.

The DFM’s trading volume shrank to 442.805 million shares from 443.968 million in the previous week, while the market’s liquidity decreased to AED 918.158 million versus AED 1.036 billion a week earlier.

The banks sector tumbled 4.26% after Dubai Islamic Bank (DIB) plunged 8.2%.

The real estate sector shed 2.39%, as Emaar Properties and Arabtec Holding levelled down 1.9% and 0.41%, respectively. 

On the other hand, the investment sector rose 0.15% after the DFM Company grew 0.93%.

Mubasher Contribution Time: 01-Mar-2018 15:11 (GMT)
Mubasher Last Update Time: 01-Mar-2018 15:11 (GMT)