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DFM slips in week

DFM slips in week
The DFM’s closed the week 0.095 down at 2,888.39 points

Dubai – Mubasher: The Dubai Financial Market (DFM) has marginally fallen this week amid investors’ anticipation of the emergence of new market-boosting catalysts.

The DFM’s closed the week 0.095 down at 2,888.39 points, dragged down by three declining sectors.

The investment sector led the falling sectors after dropping 0.85%, followed by the transport and the real estate sectors that went down by 0.8% and 0.09%, respectively.

Most of the investment stocks have seen a downward trend, including Dubai Investment’s stock that fell 1.5%, with Shuaa Capital shrugging off the negative trend and increasing by 3%.

Transport stocks were dragged down after Aramex dropped 2.13%, while real estate stocks fell impacted by Emaar Properties’ stock which tumbled 0.79%.

On the other hand, the banks sector rose by 0.82% on the back of Dubai Islamic Bank (DIB) that jumped 3.45%, and the insurance sector levelled up by 2.18% after Dubai National Insurance’s stock soared 20.5%.

Likewise, the services and the telecommunication sectors went up by 1.61% and 0.53%, respectively.

The exchange’s liquidity shrank to AED 1.39 billion this week from AED 1.58 billion in the week before after seeing a trading volume of 831.3 million shares, versus 525.9 million shares a week earlier.