DFM tacks on 25 pts in January; Market cap hits AED 382.5bn

Mubasher: The Dubai Financial Market’s (DFM) general index grew by 25.56 points, or 0.9%, to 2,790.42 points in January 2020.

Market capitalisation increased to AED 382.51 billion over the month, compared to AED 374.17 billion in the previous month.

The banking sector added 3.8%, while the consumer staples sector jumped 6.2% and the telecom sector gained 4.5%.

Meanwhile, the investment sector went down by 0.3%, while the real estate and transport sectors shed 2.1% and 3.5%, respectively.

Dubai Islamic Bank increased by 3.6%, whereas Emirates NBD surged 5.8% and DXB soared 6.1%. Dubai Investments grew by 0.7%, du rose by 4.5%, and Aramex gained 0.5%.

Arabtec dropped 21.7%, Damac Properties lost 6.3%, and Deyaar Development decreased by 5.3%.

Emaar Properties, Emaar Development, and Emaar Malls levelled down by 0.5%, 2.8%, and 0.5%, respectively.

Mubasher Contribution Time: 01-Feb-2020 15:46 (GMT)
Mubasher Last Update Time: 01-Feb-2020 15:46 (GMT)