By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index shed 0.16%, or 5.34 points, to close at 3,336.12 points on Wednesday on the back of selling pressure.
The consumer staples sector lost 1.5% after DXB Entertainments went down 1.9% to AED 0.569.
The real estate sector levelled down 1.26%, as Emaar Properties dropped 2.8% to AED 6.25, while Union Properties and Emaar Development fell 1.98% and 1.04%, respectively.
The DFM stabilised today, amid disclosures full of ebbs and flows and an anticipation trend, vice president of Investment Research at KAMCO Raed Diab told Mubasher.
Meanwhile, Arabtec Holding, DAMAC Properties, and Drake and Scull International (DSI) levelled up 2.8%, 0.9%, and 0.54%, respectively.
The transportation sector grew 1.5%, as Aramex jumped 2.3%.
The investment sector added 0.7% after the DFM Company rose 0.9%, while the banks sector gained 0.69%, as Emirates NBD upped 1.7% to AED 8.89.
The DFM’s trading volume shrank to 185.22 million shares from 232.27 million on Tuesday, while the market’s liquidity tumbled to AED 292.45 million, compared to AED 339.3 million in the previous session.
Translated by: Muhammad Khalid
