Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index declined on Thursday, weighed by selling of blue chips, particularly Emaar Properties, as investors focused on profit-taking, which coincided with the launch of Emaar Development’s initial public offering (IPO).
The DFMGI lost 0.34% or 12.48 points to close at 3,622.24 points.
DAMAC Properties led the DFM’s losers, sinking 0.5%, while Dubai Investments levelled down 0.4% to AED 2.61.
Emaar Properties went down 0.36% to AED 8.31 following the offering of its subsidiary Emaar Development’s shares.
Mashreq Bank lost 7.14% to AED 65, while Dubai Islamic Bank (DIB) shed 0.3% to AED 6.08.
The DFM’s trading volume grew to 126.28 million shares from 82.51 million shares on Wednesday, while the market’s liquidity increased to AED 213.42 million, compared to AED 163.17 million in the previous session.
