DFM ends Tuesday in red on real estate, investment

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 9.15 points, or 0.33%, to close at 2,742.98 points on Tuesday, dragged down by the real estate and the investment sectors. 

The transportation sector declined 2.94%, as Aramex dropped 4.24% to AED 4.07, while the services sector went down 1.25% after Tabreed decreased by 1.88% to AED 1.57.

The investment sector lost 0.89%, as the DFM Company sank 2.46% to AED 0.911.

The consumer staples sector fell 0.25% after DXB Entertainments levelled down 0.28%, while the banks sector shed 0.16%, as Emirates NBD tumbled 1.12%.

The real estate sector slipped 0.07% following the decrease of Union Properties, Arabtec Holding, and Damac Properties by 0.72%, 0.57%, and 0.49%, respectively.

At the other end of the spectrum, the telecommunications sector and its only stock, du, grew 0.4% each.

The DFM’s trading volume reached 267.9 million shares, while the market’s liquidity amounted to AED 241.08 million.

Market capitalisation lost AED 1.27 billion on Tuesday to end at AED 361.7 billion.

Mubasher Contribution Time: 18-Sep-2018 11:19 (GMT)
Mubasher Last Update Time: 18-Sep-2018 11:22 (GMT)