Dubai Financial Market Opens Slightly Lower Amid Banking Pressure and Selective Real Estate Activity

Dubai | EcoPulse24

The Dubai Financial Market (DFM) began today's trading session with a limited decline, as the DFM General Index (DFMGI) dipped to around 6,140 points in early trade. This drop was driven by pressure on certain banking stocks, while selective and active trading was noted in real estate and services shares.

Gulf Navigation (GULFNAV) topped the list of most actively traded stocks by value, with transactions exceeding AED 157.7 million. The stock rose to AED 2.69, marking a gain of about 3.86%, indicating ongoing speculative momentum. Following GULFNAV were Emirates NBD (EMIRATESNBD) at AED 28.85 (slight decline), Emaar Properties (EMAAR) at AED 14.30 (modest rise), Dubai Islamic Bank (DIB) at AED 9.44 (under selling pressure), and Emaar Development (EMAARDEV) at AED 15.50 (slight decline).

In terms of trading volume, GULFNAV remained in the lead with over 56.3 million shares, followed by DSI, ITHMR, Talabat (TALABAT), and Ekttitab (EKTTITAB), the latter registering a notable increase at the open.

Among the session's top gainers were GULFNAV (+3.86%), EKTTITAB (+2.71%), Al Firdous (ALFIRDOUS) (+2.34%), DFM (modest increase), NGI, and Salama (both with minor gains).

On the losing side, CHAE fell by more than 5%, with CBD, Spinneys (SPINNEYS), NIH, GFH, and ERC also recording varied declines.

The opening reflects a cautious and watchful market, with liquidity continuing to move toward active and speculative stocks, while leading banking shares remain under pressure, pending clearer direction throughout the rest of the session.