Thursday, May 28, 2020

50% of employees allowed to return to offices

Tuesday, May 26th, 2020 10:02pm Companies in Dubai can now allow up to 50% of their...

Real estate weighs on DFM in October

Dubai – Mubasher: The Dubai Financial Market’s general index went down by 34.14 points, or 1.23%, to 2,746.93 points in October on the back of the real estate sector.

The real estate sector shed 2%, as Emaar Properties dropped 3.39%, Arabtec Holdings lost 7.5%, and Deyaar Developments plunged 6.2%.

The insurance sector decreased by 5.2% after Takaful Emarat dropped 17.2%, while the consumer staples sector declined by 2% after DXB Entertainments levelled down.

On the other hand, Air Arabia surged 8.8% and DFM Company added 3.74%.

The DFM’s trading volume rose to 4.02 billion shares over the month, while the market’s liquidity declined to AED 4.155 billion

Source: Mubasher

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