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Geopolitical tensions weigh on DFM Sunday

Geopolitical tensions weigh on DFM Sunday
The DFM’s general index tumbled 53.17 points

Dubai – Mubasher: The Dubai Financial Market (DFM) has ended Sunday’s trading session in on a negative note, pressured by the recent geopolitical tensions in the region.

The DFM’s general index tumbled 53.17 points, or 1.92%, to 2,715.68 points, marking its lowest level in more than a month.

Trading volume amounted to 83.078 million shares that were exchanged at a turnover of AED 133.372 million through 1,807 transactions.

Market capitalisation shed AED 4.39 million and closed the session at AED 361.406 billion

The consumer staples fell by 4.53%, followed by the real estate, the investment and financial services, and the banks sectors which decreased by 3.05%, 2.18%, and 1.12%, respectively.

At the level of Blue-chip stocks, DXB Entertainment led the losers with 5.29%, while Ekttitab topped winners with 1.52%.

Moreover, Emaar Properties was the most active stock in terms of value with a turnover of AED 41.744 million, while GFH was the most active stock by volume with a trading volume of 12.460 million shares.