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DFM hovers near 2.5 yr-low Thursday

DFM hovers near 2.5 yr-low Thursday
The transportation sector levelled down 0.8%

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 14.6 points or 0.52%, to close at 2,803.32 points on Thursday, its lowest level in over 2.5 years.

The investments sector declined 1.5%, as Dubai Investments went down 1.5% to AED 1.97, while the banks sector decreased by 0.99% after Dubai Islamic Bank (DIB) sank 1.2% to AED 1.97 and Emirates NBD fell 1% to AED 8.9.

The transportation sector levelled down 0.8%, as Air Arabia shed 0.8% to AED 1.01, and the real estate sector declined 0.18%, as Damac Properties lost 1.88% and Emaar Properties sank 0.32%.

The DFM’s trading volume reached 76.52 million shares, while the market’s liquidity amounted to AED 150.65 million.