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DFM closes Monday 4% lower

DFM closes Monday 4% lower
The DFM’s turnover amounted to AED 300.13 million

Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) went down by 3.97% or 104.29 points to close at 2,525.61 points.

The consumer staples sector went down 7.49%, followed by the real estate instrument which fell by 5.64% in line with the 9.52% drop of Damac Properties.

Similarly, the banking and transportation sectors retreated 3.5% and 3.01%, respectively.

Blue chips such as Emirates NBD and Dubai Islamic Bank went down 3.6% and 3.33%, respectively.

The DFM’s turnover amounted to AED 300.13 million after 231.08 million shares were exchanged through 4,599 transactions.

Dubai Islamic was the most active stock on which 15.2 million shares were traded at a value of AED 76.10 million.