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DFM ends Wednesday down; market cap loses AED 3.69bn

DFM ends Wednesday down; market cap loses AED 3.69bn
The benchmark index retreated by 2.85%

Dubai - Mubasher: The Dubai Financial Market (DFM) ended Wednesday's trading session in the red zone, extending its downward trend from Tuesday, 31 March.

The benchmark index retreated by 2.85% or 50.56 points to 1,720.75 points.

A total of 113.29 million shares were exchanged through 3,083 transactions at a total value of AED 159.66 million.

The market cap value reached AED 265.17 billion, down by around AED 3.69 billion from AED 268.86 billion during the previous session.

Regarding the sectors, the banks topped the losers with 4.12%, while the real estate, consumer goods, and investment and financial services sectors dropped by 4.07%, 2.29%, and 2.24%, in that order. On the other hand, the services sector rose by 6.08%. 

Dubai Islamic Bank (DIB) led 26 losing stocks with 5%, while the National Central Cooling Company (Tabreed) headed four rising stocks with 14.73%.

Emaar Properties, down 4.95%, was the most active stock with 22.68 million shares traded at a value of AED 48.19 million.

Meanwhile, the blue chip Arabtec Holding rose by 2.15%.