DFM sees bearish trend on Wednesday

Dubai – Mubasher: The Dubai Financial Market (DFM) closed Wednesday’s trading session in the red territory after seeing profit-taking in some of the listed blue-chip stocks.

The DFM’s general index slid 7.27 points, or 0.25%, to 2,885 points.

Trading volume amounted to 493.211 million shares that were exchanged through 2,425 transactions at a turnover of AED 609.884 million.

Market Capitalisation lost AED 472 million and ended the session at AED 375.840 billion.

The services sector fell by 1.17%, followed by the real estate sector that decreased by 0.64%.

Similarly, the investment and financial services sector tumbled 0.15%.

On the other hand, the consumer staples and the banks sector added 0.38% and 0.19%, respectively.

Shuaa Capital was the most heavily traded stock after seeing a trading volume of 390.261 million exchanged at a turnover of AED 388.400 million.

Arabtec Holding’s stock went down by 2.82% to AED 1.72, Damac Properties fell by 0.95% to AED 0.94, and Emaar Properties shed 0.79% to AED 5.

Meanwhile, DXB Entertainments’ stock levelled up 0.44% to AED 0.23 and Emirates NBD add 0.37% to AED 13.45.

Mubasher Contribution Time: 11-Sep-2019 11:10 (GMT)
Mubasher Last Update Time: 11-Sep-2019 11:10 (GMT)