DFM breaks five-week rising streak

DFM breaks five-week rising streak
The main index slipped 0.8% and closed at 3,647 points

Dubai - Mubasher: The Dubai Financial Market (DFM) ended the week in a decline, after an upwards trend that lasted for five consecutive weeks.

The main index slipped 0.8%, losing 27.87 points, and closed at the level of 3,647.33 points.

The market capital declined by AED 1.88 billion to AED 372 billion, compared to AED 373.88 billion by the end of last week.

As for the market sectors’ performance, the investment sector index led the decliners and fell by 2.8%, as Shuaa and DFM lost 5.3% and 2.5%, respectively.

Similarly, Insurance went down by 1.5%, as Takaful Al Emarat dropped 9%, while real estate plumped 0.6%, as Drake and Skull, as well as Arabtec lost 2.8%, and 1.4%, respectively.

Traded values decreased to AED 1.18 billion, compared to AED 1.44 billion in the week before, while traded volumes amounted to 844.33 million shares down from 955.16 million shares in the previous week.

Source: Mubasher