DFM closes near stability Wednesday

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index inched down 2.42 points, or 0.08%, to close at 2,948.65 points on Wednesday, as investors looking forward to new market-boosting incentives.

The consumer staples sector shed 2.34%, as DXB Entertainments went down 2.6% to AED 0.336.

The services sector also sank 0.74% after Tabreed fell 1.62% to AED 1.82, while the banks sector declined 0.4%, as Emirates NBD decreased by 0.96% to AED 10.3.

The transportation sector lost 0.14%, dragged down by Air Arabia, which levelled down 0.94% to AED 1.05.

On the other hand, the telecommunication sector and its only stock, du, added 0.78% each, as Emaar Development and Emaar Malls grew 1.7% and 0.5%, respectively.

The DFM’s trading volume reached 170.48 million shares, while the market’s liquidity amounted to AED 192.24 million.

Mubasher Contribution Time: 08-Aug-2018 11:00 (GMT)
Mubasher Last Update Time: 08-Aug-2018 11:23 (GMT)