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DFM retreats on Thursday for second session in row

DFM retreats on Thursday for second session in row
The market cap value increased by AED 2.75 billion

Dubai – Mubasher: The benchmark index of Dubai Financial Market (DFM) went down by 0.38% or 10.95 points to 2,837.99 points by the end of Thursday’s trading session, keeping its downward performance for the second session in a row.

A total of 106.85 million shares were traded through 2,269 transactions at a value of AED 179.30 million.

The market cap value increased by AED 2.75 billion to AED 386.05 billion from AED 383.3 billion in the previous session.

As for the sectors, the consumer staples, services, investment and financial services, and real estate declined by 2.46%, 1.35%, 1.34%, and 1.24%, respectively, while the banks segment was the only gainer with 0.09%.

Ithmaar Holding topped 19 losers with 5.29%, while Al Madina for Finance and Investment led 14 risers with 7.88%.

Meanwhile, Union Properties was the most active stock with 28.34 million shares, while Dubai Islamic Bank (DIB), up 1.56%, posted the highest turnover of AED 44.39 million.

As for the losing blue chips, Arabtec Holding, DXB Entertainments, Damac Properties, Dubai Investments, and Emirates NBD retreated by 6.61%, 1.03%, 0.98%, 0.73%, and 0.36%, respectively.