By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index inched down 2.45 points, or 0.09%, to close at 2,514.36 points in the week ended Thursday, 24 January 2019, amid a wave of anticipation and cautious trading.
The consumer staples sector went down 0.35%, while the telecommunication and transportation sectors declined 0.23% and 0.2%, respectively.
DXB Entertainments shed 0.4% and du lost 0.2%, while Air Arabia retreated 2.06% and Damac Properties dropped 5.6% during the week.
Investors’ morale is still suffering from the disclosed losses of listed companies, while many others are still waiting anxiously for annual disclosures, managing director of asset management at MENACORP Tariq Qaqish told Mubasher.
Disclosures will revive investor appetite and lead to the recovery of the market in the medium term, the analyst added.
On the other hand, the banking sector increased by 1.1%, as Emirates NBD gained 1.3% and Dubai Islamic Bank (DIB) grew 0.8%.
Emaar Properties surged 4.05% to AED 4.11.
Translated by: Muhammad Khalid
