Profit taking weighs on DFM at Wednesday’s close

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index shed 0.27% to close at 2,780.14 points on Wednesday after a wave of profit taking.

The real estate sector lost 0.61% after Deyaar Development declined by 3%, while the insurance sector went down by 0.43%, as Dubai Insurance decreased by 3.6%.

The consumer staples sector levelled down by 0.42% after DXB Entertainments sank 0.49% to AED 0.201. The banking sector shed 0.2%, as Dubai Islamic Bank decreased by 0.56% to AED 5.31. Emaar Properties shrank by 1.12% to AED 4.42.

On the other hand, the services sector grew by 0.79% boosted by Tabreed which added 1.1% to AED 1.84.

The DFM’s trading volume reached 219.55 million shares, while the market’s liquidity amounted to AED 184.93 million.

Mubasher Contribution Time: 23-Oct-2019 10:53 (GMT)
Mubasher Last Update Time: 23-Oct-2019 10:53 (GMT)