Dubai – Mubasher: The Dubai Financial Market (DFM) closed Tuesday in the red, its second straight loss, pressured by most of its sectors and negative financial disclosures. The real estate sector was the only riser.
The DFMGI slipped 0.18% or 6.35 points and closed at 3,579.56 points.
Turnover surged to AED 402.54 million from AED 174.24 million on Monday, while traded volume almost tripled to 320.20 million shares exchanged versus 109.95 million.
Traded value on GFH Group’s stock amounted to AED 163.35 million, making up around 40.6% of the DFM’s total turnover after the company announced acquiring a $1.2 billion portfolio and raising its capital.
Meanwhile, Union Properties’ stock accounted for 24% of the DFM’s liquidity with AED 97.72 million after the company posted losses in the second quarter of 2017 following an appropriation of provisions worth AED 2.8 billion.
The investment sector led fallers, sliding1.29% after GFH dropped 3.32%, while Dubai Investments declined 1.24%.
The telecom sector and its stock du shed 0.35% each.
On the other hand, the real estate sector added 0.14% after DAMAC Properties and Emaar gained 1.56% and 0.12%, respectively.
