DFMGI sinks 5.5 pts amid higher liquidity Monday

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index shed 5.47 points, or 0.17%, to 3,206.56 points on Monday with higher liquidity.

The investment sector lost 1.39% after Dubai Investments and the DFM Company went down 1.79% and 0.92%, respectively.

The banks sector fell 0.25%, as Dubai Islamic Bank (DIB) and Al Salam Bank levelled down 0.71% and 0.56%, respectively.

On the other hand, the real estate sector inched up 0.02% after Union Properties grew 0.9%, while Emaar Properties added 0.64% and Deyaar Development rose 0.38%.

Meanwhile, Emaar Development and Emaar Malls declined 1.5% and 1.38%, respectively.

The DFM’s trading volume increased to 252.94 million shares from 140.18 million on Sunday, while the market’s liquidity nearly doubled to AED 310.65 million changed hands through 3,513 transactions versus AED 125 million in the previous session.

Ithmaar Holding was the most actively-traded stock on the DFM in terms of volume, with 88.42 million shares, while Al Salam Bank topped the market in terms of liquidity, with a turnover of AED 65.26 million.

Mubasher Contribution Time: 05-Mar-2018 11:46 (GMT)
Mubasher Last Update Time: 05-Mar-2018 11:48 (GMT)