Dubai – Mubasher: The Dubai Financial Market (DFM) closed Thursday in the red after its benchmark declined 16.47 points, or 0.61%, to 2,668.66 points, recording its fifth drop in a row.
The consumer staples sector fell 4.85% as DXB Entertainments’ stock decreased 5.50%, while the real estate sector levelled down 1.69% after the stocks of Damac Properties and Emaar Malls decline 3.61%, and 3.23%, respectively.
The services sector also dipped 3.46%, followed by the investment and financial services sector with 2.23%,
The telecommunication and insurance sectors went down 0.60% and 0.38%, respectively.
On the other hand, the banks sector inched up 0.58% after Emirates NBD’s stock rose 2%, and GFH Financial Group’s stock inched up 0.89%.
The transportation sector gained 0.39% after the stocks of Gulf Navigation Holding and Aramex went up 1.87%, and 1.19%, respectively.
The DFM’s traded volume hit 327.947 million shares generating a turnover of AED 434.869 million through 3,604 transactions.
The Emirati bourses will suspend trading on Sunday and Monday on the back of celebrating the National Day. Trading will be resumed on Tuesday, 4 December.
