DFM breaks 3-session high Monday

By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index closed Monday in red territory after losing 12.21 points, or 0.43%, to 2,829.58 points, breaking three consecutive rises.  

Investors' caution trading led to a drop in the DFMGI, as they are awaiting new statements regarding Turkey’s inflation that will indirectly affect Emirates NBD and Emaar Properties investments in the European country, senior financial analyst at Mena Corp Issam Kassabieh stated.

Drake and Scull International’s (DSI) stock fell 1.6% to AED 0.432, followed by Arabtec Holding’s stock with a 1.5% decline, registering AED 1.860.

The stocks of Emirates NBD and Emaar Mall dropped 1.51% to AED 9.19, and  0.99% to AED 2, respectively.

Air Arabia’s stock fell 0.98%AED 1.01, while the stock of Dubai Investments edged down 0.5% to AED 1.98.

Emaar Properties’ stock decreased by 0.39%, reaching AED 5.09, followed by the Dubai Financial Market Company’s (DFM Company) stock with 0.2%, to AED 0.938.

The bourse’s traded volume fell to 71.3 million shares on Monday, from 109.57 million on Sunday, whereas liquidity increased to AED 110.3 million, compared to AED 109.57 million.

The DFM’s market capitalisation tumbled by AED 1.3 billion, reaching AED 371.67 billion ($101.18 billion), compared to AED 370.4 billion on Sunday.

Translated by: Mohamed Hesham Azab 

MUBASHER Contribution Time: 03-Sep-2018 11:42 (GMT)
MUBASHER Last Update Time: 03-Sep-2018 12:00 (GMT)