DFM opens lower on blue-chips

Dubai – Mubasher: The Dubai Financial Market opened Wednesday's trading session on a negative note amid key sectors’ downturn and unlike analysts' outlook.

By 10:20am Dubai time, the benchmark index initiated the session 0.88% lower to 3,438.94 points.

The consumer staples' sector led the losers with a slide of 1.2% after Dubai Parks opened 1.2% down.

The real estate sector declined 1.03% on Emaar and Arabtec that slid by 2.05% and 0.7% respectively.

The transportation sector slipped 0.9% as Aramex declined 2%.

The investment sector fell by 0.7% coupled with a 0.9 slide of DFM stock.

The banking sector dipped 0.6%, weakened by a 1.12% decrease of Dubai Islamic bank.

Trading volume reached 33.79 million shares traded in 735 transactions at AED 57.12 million. 

MUBASHER Contribution Time: 03-Aug-2016 07:24 (GMT)
MUBASHER Last Update Time: 03-Aug-2016 07:24 (GMT)