Dubai – Mubasher: The Dubai Financial Market (DFM) closed the week ended 4 October on a negative note.
The DFM’s general index dropped 1.20% or 34.05 points to 2,791.71 points.
The real estate sector lost 2.85%, weighed by Union Properties, DAMAC, and Emaar Development, which fell 1.61%, 0.98%, and 0.76%, respectively.
The transport sector retreated 7.38% during the week after Aramex decreased 1.94%, while the investment sector shed 5.14%, dragged lower by Dubai Investments’ 2.13% decline.
Performing positively, however, was the banks sector, which gained 1.49% after Khaleeji Commercial Bank (KHCB) jumped 6.67%, while Al Salam Bank and GFH Group grew 5% and 2.99%, respectively.
GFH’s stock was the value leader with AED 208.99 million, after 151.6 million shares were traded, whereas Drake & Scull International (DSI) was the most actively traded stock on the DFM in terms of volume with 209.15 million shares, generating AED 85.49 million.
