DFM closes Wednesday down; market cap loses AED 1.69bn

SectorFinancial Markets
CountryUnited Arab Emirates

Dubai – Mubasher: The benchmark of Dubai Financial Market (DFM) retreated by 0.7% or 14.53 points to settle at 2,050.77 points by the end of Wednesday's trading session, reversing its upward performance on Tuesday, 28 July. A total of 297.41 million shares were traded through 4,981 transactions at a total value of AED 293 million. The market cap value declined by around AED 1.69 billion to AED 292.33 billion, compared to AED 294.02 billion during the previous session. The consumer staples sector came on top of the losers with 3.61%. Arabtec Holding topped the red zone with 4.51%, while Amlak Finance led the green zone with 3.37%. Arabtec Holding was the most active stock with 83.99 million shares traded at AED 114.20 million. DXB Entertainments headed the losing blue chips with 3.91%. ...read more...