Profit-taking weighs on DFM Monday

Dubai – Mubasher: The Dubai Financial Market (DFM) fell 10.03%, or 0.35%, to close at 2,875.32 points on Monday, pressured by speculators' profit-taking.

The services sector topped the market's fallers after Amanat Holdings’s stock dipped 6.67% to AED 1.26. Damac Properties’ stock dropped 1.39%, finishing at AED 2.13.

Emaar Properties’ stock tumbled 1.37% to AED 5.03 and Emaar Malls’ stock inched down 0.94% to AED 2.1.

The stocks of Dubai Islamic Bank (DIB), Dubai investments Company (DIC), and Dubai Financial Market Company levelled down 0.6% to AED 5, 0.52% to AED 1.93, and 0.4% to AED 0.985, respectively.

On the other hand, Drake and Scull International’s (DSI) stock jumped 10.5% to AED 0.702.

By the end of the session, the DFM’s trading volume amounted to 264.16 million shares exchanged at a turnover of AED 236.98 million through 3,240 transactions.

Mubasher Contribution Time: 09-Jul-2018 11:23 (GMT)
Mubasher Last Update Time: 09-Jul-2018 11:34 (GMT)