Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index went down 146.77 points, or 5.3%, to 2,620.33 points in May.
Market capitalisation declined to AED 348.6 billion this month, compared to AED 362.59 billion in April.
The consumer staples sector and DXB Entertainments shed 12.2% each, while the investment sector lost 6.76%, as DFM company and Dubai Investments decreased by 7.8% and 6.6%, respectively.
The real estate sector lost 6% after Arabtec Holding dropped 26.32% and Emaar Properties retreated 4.9%.
The transport and banking sectors shed 5% each, as Emirates NBD levelled down 7.5% and Aramex declined 8.5%.
Over the month, the telecom and services sectors sank 3.35% and 1.57%, respectively.
The DFM’s trading volume reached 2.74 billion shares, while the market’s liquidity hit AED 3.67 billion.
Green Week
The DFM’s general index jumped 1.2% in a week, supported by a group of government incentivising decisions.
