By: Enas Bahgat
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index declined by 5.58 points, or 0.2%, to 2,678.7 points in a week on the back of the banking sector.
Market capitalisation went down to AED 364.319 billion ($99.17 billion) over the week, compared to AED 365.761 billion ($99.56 billion) in the previous week.
The banking sector shed 1.8%, while the real estate sector decreased by 0.6%. The investment sector added 3.2% and the consumer staples sector gained 2.1%. Emirates NBD went down by 3% and Arabtec Holding dropped 3.9%.
Dubai Islamic Bank, DXB Entertainments, Dubai Investments, and Shuaa Capital levelled up by 0.4%, 2.5%, 0.8%, and 2.7%, respectively. Emaar Properties increased by 0.5% and Emaar Development grew by 2.5%.
