Profit-taking weighs on DFM Tuesday

By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index declined 16.43 points, or 0.58%, to close at 2,832.98 points on Tuesday, dragged down by profit-taking.  

The DFM's decline today was widely expected as portfolios sought rapid gains, MindCraft Consultants’ CEO Fadi El Ghattis said, adding that the market may maintain its negative performance until the end of the week.

Drake and Scull International's (DSI) stock tumbled 3.43%, while Aramex, Damac Properties, and Arabtec Holding went down 2.12%, 1.42%, and 1.05% respectively.

Moreover, Emaar Properties' stock shed 1% to AED 4.95 and Emirates NBD sank 0.86% to AED 9.17.

The DFM’s trading volume reached 313.07 million shares, while the market’s liquidity amounted to AED 299.88 million.

Market capitalisation was down by AED 1.53 billion to AED 371.61 billion.


Translated by: Muhammad Khalid

MUBASHER Contribution Time: 11-Sep-2018 11:54 (GMT)
MUBASHER Last Update Time: 11-Sep-2018 11:59 (GMT)