Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) dropped by 6.14% or 120.66 points to 1,842.60 points by the end of Monday’s trading session, maintaining its downward performance for the fourth consecutive session.
During Monday’s session, 272.25 million shares were traded through 5,432 transactions at a total value of AED 351.39 million.
The market cap value recorded AED 277.11 billion, down by around AED 11.87 billion from AED 288.98 billion in the previous session.
Meanwhile, the real estate sector topped the decliners with 9.32%, followed by the consumer staples and banks segments with 7.35% and 5.53%, respectively.
Emaar Malls led 27 losing stocks with 10%, while Gulfa Mineral Water and Processing Industries Company came on top of two rising stocks and rose by 8.69%.
Union Properties recorded the highest trading volume of 37.33 million shares, while Dubai Islamic Bank (DIB) posted the highest turnover of AED 108.36 million.
Damac Properties headed the losing blue chips as it dropped by 9.98%.
Earlier today, DFM decided to temporarily close its trading floor and customer affairs counter until further notice, as part of precautionary measures to contain the coronavirus (COVID-19) pandemic.
