Dubai Financial Market General Index Closes Marginally Lower

The Dubai Financial Market General Index (DFMGI:IND) concluded the trading session on Tuesday with a slight decline of 4.34 points or 0.12%. The index settled at 3,525.81 AED.

The market observed mixed performances among listed companies, with gainers and losers reflecting the day’s trading activity.

Among the gainers, Mazaya exhibited notable growth, with a value of 2,040.00 AED and a volume of 2,000 shares. The company’s stock price rose by 0.129 AED or 14.47%. Ajman Bank also saw positive momentum, recording a value of 129,228,414.82 AED and a volume of 63,194,926 shares. The bank’s stock price increased by 0.08 AED or 4.04%. Takaful-EM and Taaleem experienced moderate gains, with both companies showing upward movement in their stock prices and trading volumes.

On the other hand, Union Coop led the list of losers, witnessing a decline of 4.88% in its stock price, which amounted to 2.92 AED. The company’s value stood at 2,434,476.76 AED, with a trading volume of 833,473 shares. Shuaa, DEWA, Air Arabia, and TECOM also experienced losses, albeit on a smaller scale.

The overall performance of the Dubai Financial Market General Index remained relatively stable despite the minor downturn. Market analysts attribute the fluctuations to various factors, including global economic uncertainties and investor sentiment.

Investors and market participants are advised to stay informed about market developments and exercise caution while navigating through potential risks and opportunities.

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