Selling pressure weighs on DFM Thursday

Dubai – Mubasher: The Dubai Financial Market General Index (DFMGI) ended Thursday with negative performance after dropping 28.54 points, or 0.97%, reaching 2,920.11 points, on the back of selling pressures.

The DFM’s trading volume stood at 126.8 million shares on Thursday, down from 170.48 million on Wednesday, while the market’s liquidity fell to AED 158.7 million, from AED 192.24 million.

The consumer staples sector fell 2.13% as DXB Entertainments’ stock decreased 2.4%, while the banks sector dropped 1.9% after the stocks of Emirates NBD and Dubai Islamic Bank (DIB) levelled down 2.9% to AED 10, and 1.2%, respectively.

The real estate sector inched down 0.5% as Drake and Scull International’s (DSI) stock dipped 9.9% to AED 0.499, followed by Arabtec Holding with 1.53%, and Emaar Development with 1.5% to AED 5.26.

The transportation sector inched down 0.26% after Aramex’s stock edged down 0.6% to AED 4.5.

On the other hand, the investment and financial services sector rose 0.10% as the Dubai Financial Market Company’s (DFM Company) stock increased by 1.14% to AED 0.979.

Mubasher Contribution Time: 09-Aug-2018 10:37 (GMT)
Mubasher Last Update Time: 09-Aug-2018 10:42 (GMT)