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DFM down for 2nd consecutive week

DFM down for 2nd consecutive week
The main index lost 1.26% and closed at 3,601 points

Dubai - Mubasher: The Dubai Financial Market (DFM) continued its decline this week, pressured by the fall of a number of blue chip stocks.

The main index lost 1.26% or 11.90 points, and closed at the level of 3,601.20 points.

As for the sectors’ performance, the telecom index went down by 3.84%, as Du decline with the same percentage.

Likewise, the investment sector decreased 3.43%, as Shuaa, and Dubai Investments lost 3.2% and 3.7%, respectively, while banks slipped 0.92%, as GFH fell 7.9%, while DIB plumped 2.12%, and the real estate sector also lost 0.82%, as Arabtec dropped 4.7%.