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DFM ends Thursday in red on geopolitical tensions

DFM ends Thursday in red on geopolitical tensions
The DFM’s general index closed the session down 1.32%

Dubai – Mubasher: Selling pressures maintained weighing on the Dubai Financial Market (DFM) on Thursday amid the recent geopolitical tensions.

The DFM’s general index closed the session down 1.32%, losing 33.37 points at 2,496.35 points.

It is worth noting that two tankers were struck in suspected attacks in the Gulf of Oman earlier this day and the crew has been evacuated.

The consumer goods led losers with 4.7% as DXB Entertainments fell 5.61% to AED 0.185.

The insurance sector dropped 2.44% when Salama Insurance and Dar Al Takaful shed 4.15% and 1.93%, respectively.

The real estate sector fell 2.15%, dragged down by Union Properties, Damac Properties, and Emaar Properties that fell 5.6%, 4.5%, and 1.54%, respectively.

Trading volume 238.45 million shares exchanged through 2,875 transactions at a turnover of AED 206.73 million.

Market capitalisation lost AED 3.2 billion and closed the session at AED 350.3 billion.