Dubai-Mubasher: Dubai Financial Market (DFM) opened at a decline in Sunday’s early trades, weighed by the banks stocks led by Dubai Islamic Bank and Emirates NBD.
The general index declined 0.48% or 26.77 points to reach 3,177.51 points by 10:30am UAE time.
The UAE capital markets are forecasted to continue their sideway trend which tends to be declining in the coming period, amid lack of catalysts and anticipation of global events, analysts told Mubasher.
Turnover reached AED 52 million after 71.4 million shares were traded through 855 transactions.
The banks sector declined 3.9%, weighed by Emirates NBD and Dubai Islamic Bank which lost 6.88% and 4.4%, respectively.
The real estate sector rose 1.1% as Emaar Properties advanced 1.9%, while Arabtec Holding remained unchanged.
The telecom sector added 0.6% as du increased to AED 5.06.
The investment sector levelled up 0.58% as DFM Company and Dubai Investments added 0.84% and 0.49%, respectively.
