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Selling pressure drags DFMGI down Thursday

Selling pressure drags DFMGI down Thursday
The real estate sector fell 0.3%

Dubai – Mubasher: The Dubai Financial Markets’ (DFM) general index shed 0.32%, or 11.39 points, to 3,531.05 points on Thursday on the back of selling pressure on blue chips.

The consumer staples sector dropped 2.9% after DXB Entertainments tumbled 3.3% to AED 0.647.

The banks sector lost 0.5% after Khaleeji Commercial Bank and Dubai Islamic Bank (DIB) levelled down 0.8% and 0.7%, respectively.

The transportation sector went down 0.3%, as Gulf Navigation lost 1.8% to AED 1.09.

The real estate sector fell 0.3%, as DAMAC decreased by 1.7% to AED 3.4, while Drake and Scull International (DSI) declined 0.9% to AED 2.17.

Arabtec Holding and Emaar Development sank 0.75% and 0.18%, respectively.

On the other hand, the services sector added 1.23% after Amanat Holdings grew 2.16% to AED 1.42.

By the end of the last trading session of this week, the DFM’s trading volume surged 20.3% to 330.6 million shares from 274.89 million on Wednesday, while the market’s liquidity jumped 24% to AED 562.33 million, compared to AED 453.56 million in the previous session.