DFM drops 116 pts in August

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index retreated 115.79 points, or 3.92%, to 2,840.16 points in August, dragged down by most of its leading sectors, including the banks and real estate sectors.

The DFM’s trading volume reached 1.63 billion shares, while the market’s liquidity amounted to AED 2.4 billion.

The banks sector dropped 4.83% over the month, as Emirates NBD sank 1.1%, while the real estate sector tumbled 4.68% after Drake and Scull International (DSI) plunged 29.55% and Arabtec Holding fell 5.56%.

The transportation sector decreased by 2.16%, as Gulf Navigation went down 5.9%.

On the other hand, the consumer staples sector gained 2.67%.

Mubasher Contribution Time: 30-Aug-2018 15:22 (GMT)
Mubasher Last Update Time: 30-Aug-2018 15:36 (GMT)