Dubai – Mubasher: The Dubai Financial Market (DFM) started Tuesday’s trading session in red territory, dragged down by six sectors, mainly the banks and real estate sectors.
By 9:50 am Dubai time, the DFM’s general index slipped 17.44 points, or 0.62%, to 2,785.44 points.
The banks sector topped losers with 1.98% as Emirates NBD fell 3.23%, while Amlak Finance and Dubai Islamic Bank (DIB) tumbled 2.12% and 1.13%, respectively.
The insurance sector dropped as well by 1.35% on the back of Islamic Arab Insurance’s (Salama) stock which fell 2.47%.
Moreover, the telecommunication sector slid 0.99% in line with Du’s decline, whereas the transportation sector went down 0.99% as Aramex fell 1.18% and the consumer services sector shed 0.77% as DXB fell 0.86%.
Meanwhile, the real estate sector plummeted 0.55% as Emaar Properties lost 0.8%, while the investment sector slipped 0.32%.
Trading volume amounted to 20.49 million shares exchanged through 342 transactions at a turnover of AED 24.31 million.
