DFMGI sheds 9 pts on profit-taking Tuesday

By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost about 9.15 points, or 0.29%, to close at 3,131.33 points on Tuesday, pressured by profit-taking.

Today’s decline can be ascribed to investors’ instable morale and the outflow of capital from the local market to Saudi Arabia or the US, senior financial analyst at Mena Corp Issam Kassabieh told Mubasher.

The DFM’s trading volume more than doubled to 149.33 million shares from 68.49 million on Monday, while the market’s liquidity trading volume soared to AED 150.22 million versus AED 88.3 million in the previous session.

The transportation sector went down 1.24% after Aramex decreased 3.3% to AED 4.06.

The investment sector levelled down 1.1%, as the DFM Company shed 1.9% to AED 1.

The transportation sector and its only stock, du, sank 0.8%, while the real estate market fell 0.27% after Arabtec Holding lost 1.36% and Emaar Properties declined 0.5% to AED 5.85.

 On the other hand, the banks sector added 0.2% after Dubai Islamic Bank (DIB) gained 0.7% to AED 5.65.

The consumer staples sector grew 0.6%, as DXB Entertainments went up 1.6% to AED 0.451.

Marka topped the DFM in terms of volume, with 44.94 million traded shares, while Emaar Properties led the market in terms of liquidity, with a turnover of AED 232.85 million.

 

Translated by: Muhammad Khalid

Mubasher Contribution Time: 17-Apr-2018 11:29 (GMT)
Mubasher Last Update Time: 17-Apr-2018 11:40 (GMT)

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