By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index shed 0.61% to close at 3,286.48 points on Tuesday on the back of profit-taking.
The DFM’s today decline can be attributed to a temporal profit-taking, which was caused by investors’ eagerness to shift their positions from blue chips to other stocks with potential dividends, financial analyst at Mena Corp Issam Kassabieh told Mubasher.
The transportation sector lost 1.72% after Aramex dropped 2.98% to AED 4.56, while the investment sector went down 1.53%, as Marka plunged 7% to AE 0.531.
The real estate sector levelled down 0.6% after Arabtec sank 2% to AED 2.45, while Emaar Properties and Drake and Scull International (DSI) fell 0.6% and 0.54%, respectively.
On the other hand, Emirates NBD added 1.15% to AED 8.8, while Emaar Development gained 0.9% to AED 5.35.
The DFM’s trading volume shrank to 196.85 million shares from 269.88 million on Monday, while the market’s liquidity decreased to AED 292.38 million, compared to AED 398.97 million in the previous session.
Translated by: Muhammad Khalid
