Dubai Financial Market General Index (DFMGI) shut today’s session with a remarkable retreat of 1.5%, or 24 points. It opened with a downturn, then deepened losses to hit an intraday low of 1598.08 pts. However, it regained some lost ground later on to shut at 1600.55.

Around 81.4 million shares were exchanged in 1647 transactions, at a gross value of approx. AED 128.4 million.

Out of the 25 companies traded today, losers eclipsed gainers by 23 to 1, while a single one remained unchanged.

Takaful Emarat biggest drag, GGICO sole riser

Tracking stock performance, Takaful Emarat was the top mover to the downside, plummeting 7.14% to AED 0.715, followed by Al Madina that ended 4.08% lower at AED 0.564. Property developer Deyaar came third, pulling back 3.01% to AED 0.29.

On the bullish front, investment firm GGICO was the only stock to buck the downtrend, rising 1.63% to AED 0.499. It generated AED 48 thousand turnover from executing 4 trades on 100 thousand shares.

Arabtec most active

Home builder Arabtec, which fell 1.61% to AED 1.83, was the top active with traded value of AED 38.7 million and a volume exceeding 21.1 million shares. Dropping 2.59% to AED 3.38, leading blue chip Emaar came second with a traded volume of more than 10 million shares and a value amounting to AED 34.3 million.

Sector roundup

Seven sectors ended in the minus column, led by Utilities that moved 2.38% down. It was followed by Telecommunication (2.36%), Real Estate & Construction (2.33%), while Banks was the least hurt, easing off 0.62%. The other two sectors were stuck in neutral.

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Dubai Financial Market General Index (DFMGI) shut today’s session with a remarkable retreat of 1.5%, or 24 points. It opened with a downturn, then deepened losses to hit an intraday low of 1598.08 pts. However, it regained some lost ground later on to shut at 1600.55.

Around 81.4 million shares were exchanged in 1647 transactions, at a gross value of approx. AED 128.4 million.

Out of the 25 companies traded today, losers eclipsed gainers by 23 to 1, while a single one remained unchanged.

Takaful Emarat biggest drag, GGICO sole riser

Tracking stock performance, Takaful Emarat was the top mover to the downside, plummeting 7.14% to AED 0.715, followed by Al Madina that ended 4.08% lower at AED 0.564. Property developer Deyaar came third, pulling back 3.01% to AED 0.29.

On the bullish front, investment firm GGICO was the only stock to buck the downtrend, rising 1.63% to AED 0.499. It generated AED 48 thousand turnover from executing 4 trades on 100 thousand shares.

Arabtec most active

Home builder Arabtec, which fell 1.61% to AED 1.83, was the top active with traded value of AED 38.7 million and a volume exceeding 21.1 million shares. Dropping 2.59% to AED 3.38, leading blue chip Emaar came second with a traded volume of more than 10 million shares and a value amounting to AED 34.3 million.

Sector roundup

Seven sectors ended in the minus column, led by Utilities that moved 2.38% down. It was followed by Telecommunication (2.36%), Real Estate & Construction (2.33%), while Banks was the least hurt, easing off 0.62%. The other two sectors were stuck in neutral.

View the original article here

Dubai Financial Market General Index (DFMGI) shut today’s session with a remarkable retreat of 1.5%, or 24 points. It opened with a downturn, then deepened losses to hit an intraday low of 1598.08 pts. However, it regained some lost ground later on to shut at 1600.55.

Around 81.4 million shares were exchanged in 1647 transactions, at a gross value of approx. AED 128.4 million.

Out of the 25 companies traded today, losers eclipsed gainers by 23 to 1, while a single one remained unchanged.

Takaful Emarat biggest drag, GGICO sole riser

Tracking stock performance, Takaful Emarat was the top mover to the downside, plummeting 7.14% to AED 0.715, followed by Al Madina that ended 4.08% lower at AED 0.564. Property developer Deyaar came third, pulling back 3.01% to AED 0.29.

On the bullish front, investment firm GGICO was the only stock to buck the downtrend, rising 1.63% to AED 0.499. It generated AED 48 thousand turnover from executing 4 trades on 100 thousand shares.

Arabtec most active

Home builder Arabtec, which fell 1.61% to AED 1.83, was the top active with traded value of AED 38.7 million and a volume exceeding 21.1 million shares. Dropping 2.59% to AED 3.38, leading blue chip Emaar came second with a traded volume of more than 10 million shares and a value amounting to AED 34.3 million.

Sector roundup

Seven sectors ended in the minus column, led by Utilities that moved 2.38% down. It was followed by Telecommunication (2.36%), Real Estate & Construction (2.33%), while Banks was the least hurt, easing off 0.62%. The other two sectors were stuck in neutral.

View the original article here