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DFM loses AED 2.3bn in week

DFM loses AED 2.3bn in week
Trading volume shrank to 441.13 million shares this week

Dubai – Mubasher: The Dubai Financial Market (DFM) has seen a downward trend this week, pressured by real estate and banks stocks.

The DFM’s general index fell by 1.08% to 2,780.01 points this week.

Trading volume shrank to 441.13 million shares this week, versus 827.93 million last week.

Liquidity retreated this week to AED 538.66 million, compared to AED 732.22 million.

The banks sector fell by 2.2% this week as Emirates NBD shed 3.8% and the real estate sector tumbled by 0.6% as Emaar Properties’ stock shed 2.6%.

On the other hand, the investment and the consumer staples sectors rose by 0.71% and 4.6%, respectively.

Market capitalisation amounted to AED 368.724 billion this week, losing AED 2.276 billion as compared to around AED 371 billion last week.