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DFM drops slightly at Thursday’s close

DFM drops slightly at Thursday’s close
The DFM’s general index inched down 873 points

Dubai – Mubasher: The Dubai Financial Market (DFM) has ended Thursday’s trading session slightly down, impacted by sell-off deals on some blue-chip stocks, liquidation of a listed company, and quarterly financial results.

The DFM’s general index inched down 873 points, or 0.34%, finishing the session at 2,575.01 points.

The real estate sector topped the losers with a decline of 0.83% as Arabtec fell 6.9% to AED 1.6 for the second session in a row after posting unexpected weak financial results.

The services sector slipped 0.46% as Tabreed fell 1.3%, while the transportation sector dipped 0.31% when Aramex and Gulf Navigation tumbled 1.11% and 0.24% respectively.

The banks sector inched down 0.23% after Dubai Commercial Bank and Dubai Islamic Bank shed 1.84% and 0.40%, respectively.

On the other hand, the consumer goods and the insurance sectors were the only rising sectors on Thursday.

The bourse’s turnover declined to AED 159.94 million today, while trading volume fell to AED 130.2 million.