By: Enas Bahgat
Dubai – Mubasher: The Dubai Financial Market (DFM) closed Monday, the first trading session after the Eid Al Fitr holiday, in the red, dropping 55.65 points, or 1.83%, and reaching 2,982.58 points.
The bourse’s trading volume declined to 115.57 million shares on Monday from 131.28 million shares on Thursday, while liquidity tumbled to AED 202.21 million, from AED 302.46 million.
The bourse was closed on Sunday on the occasion of Eid Al Fitr.
By the end of Monday's trades, the DFMGI registered its lowest level since 4 June and recorded its sharpest daily loss since the beginning of May.
Stocks performance
The investment and financial services sector fell 2.12% after the DFM Company’s stock dropped 2.80%, followed by SHUAA Capital with 2.73%, and Dubai Investments Company (DIC) with 1.94%.
The banks sector levelled down 0.79% after Amlak Finance, GFH Financial Group, Ajman Bank, and Khaleeji Commercial Bank (KHCB) decreased 2.41%, 2.03%, 1.96%, and 0.27%, respectively.
The consumer staples sector went down 1.59% after DXB Entertainment’s stock fell 1.74%. Moreover, the real estate sector decreased 2.55% after Arabtec Holding’s stock tumbled 3.48%, followed by Drake and Scull International's (DSI) with 3.45%, Emaar Properties with 3.04%, Damac Properties with 2.88%, and Emaar Development with 2.80%.
Air Arabia’s stock, stable at AED 1.05, was the most active in terms of traded volume after 37.02 million shares were exchanged, generating AED 39.9 million.
