Dubai – Mubasher: The Dubai Financial Market (DFM) has seen a bearish trend during August amid the escalating US-China trade war, hitting its lowest level in two months.

By the end of this month, the DFM’s general index fell 159.78 points, or 5.47%, to 2,758.60 points.

Trading volume amounted to 1.24 billion shares in August, versus 3.17 billion shares in July.

Similarly, liquidity dropped to AED 2.04 billion by the end of this month, compared to AED 4.52 billion last month.

The real estate sector headed the decliners with 10.05%, followed by the banks, the consumer staples, and the investment sectors that went down by 3.16%, 3.03%, and 5.29%, respectively.

At the level of stocks performance, Damac, Emirates NBD, and Emaar Properties shed 6.56%, 2.9%, and 10.49%, respectively.

The monthly market capitalisation lost AED 15.346 million and closed the month at AED 361.694 billion.