The Dubai Financial Market (DFM) inched down slightly on Wednesday, as the benchmark index DFMGI shed 0.21 pts but remained flat and closed at 4984.71 pts.
Turnover was seen at AED 551.993 million as 311.209 million shares changed hands through the execution of 4160 transactions.
A total of 31 companies traded today, of which 15 gained, 10 declined and 6 remained unchanged.
Commenting on the DFM’s performance today, head of Gulf Research in Nemma Investment Nedal Kholuy told Mubasher “We have noticed a big drop in turnover in Dubai on Wednesday, as investors are sparing cash for Emaar’s awaited IPO.”
It is expected that the market will remain trapped in a sideways movement till the middle of next week, he added.
Most sectors gained today, with only the industrials and consumer staples sectors ending flat. The top gainers were the insurance and telecommunications sectors.
Turnover was seen at AED 551.993 million as 311.209 million shares changed hands through the execution of 4160 transactions.
A total of 31 companies traded today, of which 15 gained, 10 declined and 6 remained unchanged.
Commenting on the DFM’s performance today, head of Gulf Research in Nemma Investment Nedal Kholuy told Mubasher “We have noticed a big drop in turnover in Dubai on Wednesday, as investors are sparing cash for Emaar’s awaited IPO.”
It is expected that the market will remain trapped in a sideways movement till the middle of next week, he added.
Most sectors gained today, with only the industrials and consumer staples sectors ending flat. The top gainers were the insurance and telecommunications sectors.
Source:
Mubasher Exclusive
