Egypt – Dubai Stock Exchange fell by 3.78% at the close of trading on Monday … and 25 stocks fell


(MENAFN – Youm7) The general index of the Dubai Financial Market, at the end of Monday’s trading session, decreased by 3.78%, losing 67.39 points, to close at 1714.43 points, affected by the decline in global financial markets due to fears of the spread of the Corona virus, which led to a decline in oil prices.

The trading volumes at the close of trading today reached 176.7 million shares, achieving a value of 217.4 million dirhams, through the implementation of 3083 transactions for 30 shares, 4 shares rose, 25 fell, and one share settled.

8 sectors of the Dubai Stock Exchange, led by the investment sector, declined by 4.76%, followed by the real estate sector by 4.57%, followed by the transportation sector by 4.51%, then the commodities sector by 4.26%, then the banking sector by 3.36%, then the telecommunications sector by 3.03%, then the sector Insurance by 1.71%, then the services sector by 0.21%.

The high shares list is issued by Al Madina Finance and Investment Company by 3.77%, then Al Salam Group Holding Company shares by 2.09%, and the list of declining shares is issued by Air Arabia Company by 5%, then Dubai Investment Company by 5%, while Dubai Commercial Bank shares issued list The most heavily traded by value was 26.1 million papers, at a value of 104.8 million dirhams, which decreased by 3.15%.

In a related context, Gulf Navigation Holding Company announced that it will hold a meeting next Wednesday, March 25th, to discuss the agenda that includes the opening of the session and the completion of the quorum, reviewing and approving the audited annual financial statements for the financial period ending on December 31, 2019.

The company also announced that the general assembly meeting would be held on Sunday, March 29th, without a personal attendance of shareholders, in accordance with the instructions of the Securities and Commodities Authority.

In the same context, the board of directors of the Union Real Estate Company decided to amend the timing of the Board of Directors meeting from 2 pm to 10 am.



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