By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) closed Thursday in the red, weighed by its leading stocks.
The DFMGI lost 0.77% or 24.51 points to end the session at 3,157.45 points.
Performance
Performance in UAE bourses along with turnover continues to be weak as investor appetite remains dampened, Jamal Ajaj, director of Al Sharhan Shares Centre in Abu Dhabi, told Mubasher, indicating that some stocks saw positive performance but were unable to positively affect the DFMGI.
Among the rising stocks were GFH Group, whose cash dividends will likely be received by investors in the coming few days may play a role in the market, the analyst added.
The services sector led fallers, losing 1.7% after Tabreed declined 1.14% to AED 1.73, while the real estate sector shed 1.2% after Emaar Properties tumbled 2.3% to AED 6, while Arabtec Holding shed 0.8% to AED 2.38.
The investment sector was down 1.07% on Thursday, after Dubai Investments decreased 1.36% to AED 2.17, while the transport sector levelled down 0.38% on the back of Aramex’s 1.35% drop to AED 4.38.
Finally, the banks sector shed 0.37% after Emirates NBD retreated 1.68% to AED 8.8.
On the positive side, the consumer staples sector grew 1.63% after Marka gained 1.75% to AED 0.580.
Trades
Turnover grew to AED 512.02 million on Thursday from AED 259.85 million on Wednesday, while traded volume increased to 381.87 million shares exchanged through 3,022 transactions against 257.05 million shares in the previous session.
GFH’s stock, up 5.7% to AED 1.48, led in terms of value and volume with AED 181.27 million generated through the trading of 123.68 million shares.
Translated by: Nada Adel Sobhi
