Blue-chip sectors push DFM to open in red

Dubai-Mubasher: Dubai Financial Market (DFM) saw a downward trend in Tuesday’s early trades, weighed by a wave of declines that hit the leading sectors, spearheaded by banks.

The banks sector topped losers after falling 2.8%, bogged by Dubai Islamic Bank (DIB) and Emirates NBD which levelled down 1.67% and 4.52% in a row.

The real estate sector retreated 2.25% as Emaar Properties and Arabtec Holding decreased 2.85% and 1.72%, respectively.

The telecom sector lost 0.84% as du went down 0.84% to AED 5.900.

The investment sector inched down as DFM Company slumped 2.89%.

Trading volume reached 66 million shares through 1,160 transactions, with turnover reaching AED 108.2 million.

Mubasher Contribution Time: 09-Feb-2016 06:54 (GMT)