July 10, 2011

DFMGI advances on low trading volumes

Benchmark adds over 9 pts

Dubai Financial Market General Index (DFMGI) ended in the green, edging up 0.6%, or almost 9.3 points, to 1567.12, according to Mubasheer data.

The bourse witnessed the lowest trading activity in July. Trading volume dropped 50.5% to around 58.16 million shares, compared with the 117.48 million shares exchanged on Thursday. Turnover also fell about 48% from AED 131.63 million to nearly AED 68.49 million. In addition, the number of transactions decreased almost 35.4% from 1769 to 1142.

Out of the 28 companies traded today, 16 headed north, 8 headed south, while 4 others kept flat.

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