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DFM loses 68 pts in November

DFM loses 68 pts in November
The real estate sector dropped 5.2%

By: Enas Bahgat

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index went down by 68.23 points, or 2.5%, to reach 2,678.7 points in November.

Market capitalisation declined to AED 364.319 billion ($99.17 billion) over the month, compared to AED 372.689 billion ($101.45 billion) in the previous month.

The real estate sector dropped 5.2%, while the banking sector shed 1.5% and the investment sector levelled down by 0.3%.

Dubai Islamic Bank added 0.2%, while Emirates Islamic Bank sank 0.1% and Emirates NBD plunged 2.5%. Arabtec Holding dropped 33.5%.