By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 0.11% to close at 2,892.43 points on Wednesday.
The DFM has not maintained its positive performance, as anticipation sentiment overwhelmed most of the investors, Mubasher’s senior sales trader Mohab Maher commented.
The market is looking for fresh market-boosting catalysts including the listed companies’ disclosures for the first six months and the second quarter of 2018, Maher added.
Some heavy-weighted stocks have seen selling pressure, as Damac Properties, Gulf Navigation, and Emaar Properties shed 2.35% to AED 3.32, 2.9% to AED 0.971, and 2.16% to AED 4.98, respectively.
The DFM’s trading volume reached 160.49 million shares, while the market’s liquidity amounted to AED 215.26 million.
Translated by: Muhammad Khalid
