Selloffs drag down DFM at Monday’s close

Dubai – Mubasher: The Dubai Financial Market (DFM) ended Monday’s trading session with negative performance, pressured by financial result announcements and continuous sell-off deals on some blue-chip stocks.

The general index went down 0.55%, or 14.91 points, ending the session at 2,498.82 points.

The DFM’s turnover stood at AED 111.08 million on Monday, compared to AED 76.27 million on Sunday, while the trading volume decreased to 61.71 million shares, against 63.9 million shares in the previous session.

The consumer staples sector topped losers with 1.74% due to DXB Entertainments’ 2.01% drop, while the real estate sector plunged 1.26% after DAMAC Properties plunged 4.12%.

Similarly, the transportation sector fell 0.98% as Air Arabia and Aramex retreated 0.9% and 0.87%, respectively, while the banks sector decreased by 0.34% on the back of a 0.76% loss of the heavyweight Emirates NBD.

Mubasher Contribution Time: 21-Jan-2019 12:11 (GMT)
Mubasher Last Update Time: 21-Jan-2019 12:22 (GMT)