By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index shed 0.44% or 15.22 points to 3,463.48 points on Wednesday, recording its fifth successive decline.
The DFM sees cautious trading while investors anticipate listed companies' disclosures, especially banks’, which could have a positive effect on the market, said Mohab Maher, Mubasher’s senior sales trader.
The consumer staple sector topped the market’s losers, falling 3.6% after DXB Entertainments dropped 4% to AED 0.633, while the industrials sector levelled down 1.7%, as National Cement Company (NCC) lost 1.7% to AED 2.85.
The transportation sector tumbled 1.2% after Aramex sank 2.3%, while the banks sector decreased by 0.6%, as Dubai Islamic Bank (DIB) shed 1.07%.
The investment sector went down 0.6% after the DFM company lost 1.74% to AED 1.13.
The real estate sector inched down 0.05%, as DAMAC Properties, Drake and Scull International (DSI), and Arabtec Holding declined 1.8%, 1.36%, and 0.74%, respectively.
On the other hand, the services sector led the DFM’s gainers, rising 0.81% after Amanat Holdings upped 1.4% to AED 1.45.
The DFM’s trading volume dropped 39% to 239.64 million shares form 393.15 million on Tuesday, while the market’s turnover tumbled 42.3% to AED 313.16 million, compared to AED 542.5 million in the previous session.
Translated by: Muhammad Khalid
