DFM General Index down 0.91%

Dubai Financial Market General Index (DFMGI) finished today in the negative territory, inching down 0.91% to 2178.53 points. The Index opened in the green; however, it soon shrank its early gains and set its intraday low of 2170.91 pts.

Approx. 232.4 million shares were exchanged, compared to 196 million shares yesterday, according Mubasher data. Trading value leapt from AED 495.5 million to nearly AED 567.5 million, generated through 4819 transactions.

Total 22 out of 29 traded securities headed south, 3 headed north while 4 remained unchanged.

GGICO led today’s decliners, retreating 4.73% to AED 1.41. It was followed by Dar Takaful that fell 4.09% to AED 2.11. Al Madina came third ending 3.81% down at AED 1.01.

Emaar, drifting 1.10% lower to AED 4.50, spearheaded the most actives, after 70 million shares changed hands at a total value of AED 316.7 million. Sliding 1.71% to AED 2.30, Dubai Financial Market Co. (DFMC) came second, upon trading 38 million shares at a total value of AED 88.6 million.

Conversely, ACICO spearheaded today’s advancers, soaring 13.81% to AED 5.85. It was followed by Emirates NBD that grew by 1.09% to AED 4.65. Al Salam – Sudan took the third position, inching up 0.82% to AED 2.45.

All sectors ended on a down note, led by Investment and Financial Services that fell 1.80%. It was followed by Telecommunication (1.64%), Transportation (1.48%) while Banks tailed the list, inching down 0.01%.