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entertainment3 hours ago
It was worst August for equities across the world following 'the great fall of China' and there was no exception for the UAE bourses. The brutal August impact continued for the second consecutive day in September as well.
The Dubai Financial Market (DFM) General Index lost more than 11 per cent and the market capitalisation also decreased by over 10 per cent by the end of August.
Chinese yuan devaluation coupled with record drop in oil prices kept stock markets volatile in August. Globally, it was also the seventh worst August for stocks going all the way back to 1945.
The DFM Index breached the physiological barrier of 4,000 points into reverse order and decreased by 11.6 per cent to 3,662.6 points at the end of August compared to 4,143.2 points at the end of July.
Summary> The value of shares traded reached during this month Dh12.6 billion. > The number of shares traded increased by 20.3% to reach 7.7 billion. > The number of transactions executed during August up 43.4%. |
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