By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) ended Thursday in the red zone after slipping 0.01% or 0.36 points to reach 3,624.49 points.
The DFM saw a fluctuation in its performance, after attempts to remain stable on early Thursday, financial analyst Mahmoud Diab told Mubasher.
The investment and financial services sector tumbled 0.94% after Dubai Investments’ stock decreased 1.26%, while the banks sector shed 0.10% as Dubai Islamic Bank's (DIB) stock went down 0.33%.
The real estate shares tried to push the DFM up, but selling operations increased, Diab added.
The sector rose 0.5% after Emaar Properties’ stock grew 1.31%.
The DFM’s trading volume stood at 177.18 million shares on Thursday, against 146.6 million shares on Wednesday, while liquidity went up to AED 282.64 million, from AED 222.1 million.
The DFM needs to exceed the resistance level between 3630 and 3650 points to reduce the possibility of dropping again, Diab indicated, concluding that if the DFM lost the support level at 3,600 points, this may push it down to 3,550 points.
Translated by: Mohamed Hesham Azab.
