By Thabet Shehata
Dubai – Mubasher: Dubai Financial Market (DFM) showed negative performance this week, losing around AED 13 billion of its capitalisation, amid bearish global sentiment and continued fall in oil prices.
The main gauge fell by 5.09% or 151 points to end at 2,815.45 points, down from 2,966.43 points a week earlier.
Market capitalistion went down to AED 281.266 billion ($76.57 billion), from AED 294.4 billion ($80.15 billion) a week earlier.
The real estate sector was the biggest drag, with a fall of 8%, hurt by Emaar that lost 10.7%. Arabtec remained unchanged.
Investment sector came second, with a loss of 5.12%, after Dubai Investments and DFM Company lost 5.3% and 4.5% in a row.
The banks sector lost 3.55% dragged by DIB and Emirates NBD that sagged 4.7% and 2.86% in a row.
The telecoms sector fell by 0.98% after du stock dropped to AED 5.060.
The weekly traded value rose to AED 2.24 billion from AED 1.57 billion, while traded volume increased to 1.7 billion shares from 1.48 billion shares.
