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DFM sheds over 6 pts on profit-taking Tuesday

DFM sheds over 6 pts on profit-taking Tuesday
The DFM is currently stable

By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index declined 6.23 points, or 0.22%, to close at 2,913.14 points on Tuesday, pressured by profit-taking.

The DFM is currently stable, but next sessions may see some fluctuation, as the release of seasonally disclosures approaches, vice president of Investment Research at KAMCO Raed Diab told Mubasher.

Aramex surged 3.02% to AED 4.43, while Drake and Scull International (DSI) grew 2.88% to AED 0.715 and Union Properties gained 1.23% to AED 0.739.

Dubai Investments, Arabtec Holding, and Emaar Development added 1.01%, 0.99%, and 0.2%, respectively.

The DFM’s trading volume reached 172.35 million shares, while the market’s liquidity amounted to AED 194.14 million.

 

Translated by: Muhammad Khalid