Selective buying pushes up DFM Wednesday

Dubai – Mubasher: The Dubai Financial Market (DFM) ended Wednesday’s trading session with positive performance, supported by selective purchases on blue-chip stocks.

The general index rose 11.03 points, or 0.44%, ending the session at 2,538.75 points.

Market capitalisation stood at AED 343.87 billion on Wednesday, compared to AED 343.21 billion on Tuesday.

The DFM’s trading volume amounted to 135.22 million shares by the end of Wednesday, compared to 198.42 million shares on Tuesday, while liquidity went down to AED 118.62 million against AED 171.06 million in the previous session.

DXB Entertainment’s stock led gainers with 2.33%, followed by Emaar Properties and DFM Company, which grew 2.04% and 1.6%, respectively.

Similarly, Aramex’s stock and Union Property (UPP) went up 2.24% and 1.42%, respectively.

On the other hand, the consumer staples, insurance and telecommunication sectors plunged 0.8%, 0.43% and 0.4%, respectively. 

Mubasher Contribution Time: 09-Jan-2019 11:39 (GMT)
Mubasher Last Update Time: 09-Jan-2019 11:44 (GMT)