DFM opens lower on investment, banks stocks

Dubai-Mubasher: The Dubai Financial Market (DFM) witnessed losses in Thursday’s early trades, dragged down by the negative performance of the investment and banks sectors.

The main index lost 0.13% or 4.43 points to reach 3,526.17 points by 11:00am UAE time.

The investment sector was the worst performer after falling 0.61% as DFM Company slid 0.8%.

The banks sector also went down 0.20% due to a decline in Dubai Islamic Bank (DIB) by 0.18%. Likewise, the real estate sector decreased 0.05% as Drake and Scull International (DSI) levelled down 0.18%.

The market saw trading of 18.54 million shares through 351 transactions, with a turnover of AED 31 million.

Mubasher Contribution Time: 11-Aug-2016 07:25 (GMT)
Mubasher Last Update Time: 11-Aug-2016 07:26 (GMT)