DFMGI hits 5th straight decline on real estate Wednesday

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index inched down 2.31 points, or 0.07%, to close at 3,090.54 points on Wednesday, its fifth successive loss, pressured by the real estate sector.

The DFM’s trading volume dropped to 148.7 million shares from 258.82 million on Tuesday, while the market’s liquidity shrank to AED 213.9 million through 2,517 transactions, versus AED 337.66 million in the previous session.

The real estate sector shed 0.16% after Arabtec Holding, Emaar Malls, Drake and Scull International (DSI), and Union Properties levelled down 1.8%, 1.41%, 1.14%, and 0.46%, respectively.

On the other hand, the banks sector added 0.47%, as Dubai Islamic Bank (DIB) grew 0.95%.

Mubasher Contribution Time: 28-Mar-2018 11:45 (GMT)
Mubasher Last Update Time: 28-Mar-2018 12:12 (GMT)