The Dubai Financial Market (DFM) closed Wednesday’s trading session in the red territory as the blue-chip stocks were facing selling pressures.
The DFM’s general index plunged by 34.62 points, or 1.25%, to 2,744.18 points, its lowest level since 25 August 2019.
Trading volume amounted to 97.46 million shares that were exchanged through 2,399 transactions at a turnover of AED 153.1 million.
Market capitalisation shed AED 2.81 billion and closed the session at AED 362.67 billion.
The real estate sector fell by 3.34%, followed by the investment and financial services sector that went down by 0.88%.
Similarly, the consumer staples and the banks sectors slid by 0.40% and 0.28%, respectively.
On the other hand, the services sector was the sole riser, adding 0.88%.
The exchange has witnessed the fall of 24 stocks, headed by Takaful Emarat that dropped by 8.45% to AED 1.30, while only four stocks rose topped by Tabreed which increased by 1.69% AED 1.80.
Amlak Finance was the most active stock by volume with 23.50 million traded shares and Emaar Properties was the most active stock with a turnover of AED 66.51 million.