The Dubai Financial Market (DFM) has seen a downward trend for the second consecutive trading session amid the escalating US-China trade war.
By the end of Wednesday, the DFM’s general index inched down 0.99 points, or 0.04%, to 2,802.35 points.
Trading volume amounted to 95.87 million shares that were exchanged at a turnover of AED 112.70 million through 1,674 transactions.
Market capitalisation shed by AED 290 million and closed the session at AED 367.211 billion.
The consumer staples sector fell by 3.94%, followed by the services sector that went down by 2.56%.
Likewise, the investment and financial services and the real estate sectors tumbled 0.53% and 0.10%, respectively.
On the other hand, the banks sector was the sole riser, adding 0.23%.
The market has witnessed the downturn of 12 stocks led by DXB Entertainments, sown 4.65% to AED 0.20, while other 10 stocks jumped, including Arabtec’s stock that rose 2.40% to AED 1.71, as Cityscape Global 2019 kicked off.
GFH, listed on the DFM, Bahrain Bourse, and Boursa Kuwait, was the most heavily traded stock with a trading volume of 23.58 million shares exchanged at a turnover of AED 20.73 million.