Dubai – Mubasher: The Dubai Financial Market (DFM) opened Monday in the red, pressured by the decline of three of its sectors, particularly banks.
By 10:15 am UAE time, the DFMGI slipped 0.08% or 2.59 points to 3,413.10 points, shrugging off analysts’ expectations that Emaar’s positive results, announced on Sunday would bolster the market.
The transport sector shed 0.7% after Air Arabia lost 1.9%, while the banks sector declined 0.26% as Dubai Islamic Bank (DIB) was down 0.35%.
On the positive side, the investment sector increased 0.16%, backed by DFM Company’s 1.7% rise.
In the meantime, turnover reached AED 27.34 million after 87.01 million shares changed hands through 725 transactions.
