By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 8 points, or 0.26%, to close at 3,026 points on Wednesday on the back of selling pressures.
The consumer staples sector dropped 8.3% after Marka tumbled 8.6% to AED 0.265, while DXB Entertainments plunged 8.4% to AED 0.383.
The real estate market declined 1.11%, as Arabtec Holding went down 3.8% to AED 2.02.
By contrast, the transportation market grew 1.84%, as Aramex went up 2.7% to AED 4.08, while the banks sector added 0.42% after Emirates NBD levelled up 2.35% and the investment sector gained 0.35%, as Dubai Investments rose 1.5% to AED 2.05.
The DFM’s trading volume grew to 180.17 million shares on Wednesday from 165.23 million on Tuesday, while the market’s liquidity increased to AED 243.78 million versus AED 241.64 million in the previous session.
Emaar Properties, which lost 1.5% to AED 5.41, topped the DFM in terms of both trading volume and value, with 6.59 million traded shares and a turnover of AED 35.68 million.
The market is in need of more positive news and investments, both institutional and foreign, to help create a rising trend, vice president of investment research at KAMCO Raed Diab told Mubasher.
Translated by: Muhammad Khalid
