Dubai – Mubasher: The Dubai Financial Market (DFM) has suffered over AED 1 billion losses on Thursday, the first trading session in August, amid sell-off transactions on blue-chip stocks.
The DFM’s general index closed today’s trading session down by 0.62% at 2,900.39 points, losing 17.99 points.
Trading volume amounted to around 115.484 million shares exchanged through 2,597 transactions at a turnover of AED 168.293 million.
The real estate sector dropped by 1.4% as Damac, Emaar Malls, and Emaar Properties fell by 2.45%, 1.89%, and 1.45%, respectively.
Likewise, the banks sector dipped 0.27% when Emirates NBD and Dubai Islamic Bank shed 0.42% and 0.19%, respectively.
Market capitalisation lost AED 1.679 billion and closed the session at AED 375.361 billion.
