By: Enas Bahgat
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 17.54 points, or 0.57%, to close at 3,016.97 points on Monday on the back of blue chips, marking its sixth successive decline.
The DFM’s trading volume increased to 70.29 million shares from 56.9 million on Sunday, while the market’s liquidity rose to AED 161.68 million versus AED 93.35 million in the previous session.
The real estate sector shed 1.49% after Damac Properties dropped 7.05%, while Union Properties, Drake and Scull International (DSI), and Emaar Properties levelled down 2.03%, 1.2%, and 0.36%, respectively.
The DFM’s liquidity may recover and investors may regain their confidence in the market, technical analyst Gamal Abdul Hamid told Mubasher.
In a similar vein, the investment sector went down 1.53%, as Dubai Investments declined 1.91% and Shuaa lost 0.81%.
On the flipside, the banks sector added 0.86% after Emirates NBD gained 1.44%, while Dubai Islamic Bank (DIB) rose 0.55%.
Translated by: Muhammad Khalid
