Dubai Financial Market market cap down 1.8%

The Dubai Financial Market General Index down 2.5 per cent to 2523.1 points at the end of August compared to 2588.5 points at the end of July.

The market capitalisation decreased at the end of this month by 1.8 per cent amounting to Dh232.8bn compared to Dh237.1bn at the end of previous month.

At the sectoral level, indices of seven out of the nine sectors represented on DFM ended the month in the red, with the Financial and Investment services sector decreasing the most by 6.8per cent, followed by the Insurance sector by 5.2 per cent and the Telecommunication sector by 4.6 per cent.

The Industrial sector is up 14.8 per cent while the Consumer Staples index did not change during this month.

The value of shares traded reached during this month Dh14.929bn, compared to Dh12.441bn recorded during July, up by 20 per cent.

The value of stocks bought by foreign investors during this month reached Dh5.889bn comprising 39.4 per cent of the total traded value.