DFM Index Inches Down In The Early Trade

The DFM General Index inched down to drop 0.85 percent during the first couple of hours trading on Monday 29th April 2013. The index spending most of the session below the break – even line trimmed 17.85 points to reach at 2,090.78.

The market breadth was strongly negative as there were only 7advancing companies during this time span against the 16 declining stocks.

Telecom and Banks sectors performed worst, dropping 1.7 percent each. Insurance followed it with 1.26 percent.

Services sector showed a growth of 2.00 percent.

Drake Scull International Company topped the chart of gainers’, surging 2.10 percent.

Takaful Al-Emarat Insurance, on the other hand, topped the chart of losers’, dropping 6.66 percent.

Gulfbase