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DFM closes Wednesday down 0.2%

DFM closes Wednesday down 0.2%
DFM General Index (DFMGI) closed at 2,848.94 points

Dubai – Mubasher: The Dubai Financial Market (DFM) declined at the end of Wednesday’s trading session, pressured by the real estate sector losses.

The benchmark index dropped 0.21% or 5.98 points and closed at 2,848.94 points.

A total of 93.03 million shares were traded through 2,050 transactions at a value of AED 184.45 million.

Meanwhile, the market cap value decreased by around AED 1.2 billion, settling at AED 383.31 billion, compared with AED 384.51 billion on Tuesday.

The real estate sector declined by around 0.88%, pressured by the 0.95% tumble by Emaar Properties, as well as a 3.13% loss by Union Properties, 1.09% by Emaar Malls, 0.27% by Deyaar Development, and 0.97% in Damac Properties.

Similarly, the investment and financial services and consumer staples lost 0.13% and 0.5%, respectively, while the telecom and services indices levelled down by 1.37% and 1.71%, in that order.

On the other hand, the banks' sector was the only gainer and marginally increasing by 0.08%.

As for the rising blue chips, Emirates NBD and Dubai Islamic Bank (DIB) went up by 0.72% and 0.17%, respectively.