Blue chips push DFM down at open

Dubai-Mubasher: Dubai Financial Market (DFM) declined at open in Monday’s early trades, on pressures from blue chips.

The general index lost 0.5% or 17.47 points to reach 3,325.89 points by 10:35am UAE time.

The banks sector levelled down 1.2% as Emirates NBD decreased 3.2%.

The telecom sector retreated 1.12% after du slid 1.12%.

The real estate sector went down 0.23% as Arabtec Holding and Emaar Properties declined 3.28% and 0.17% in a row.

On the flipside, the services sector increased 0.6%, followed by the insurance sector at 0.47%.

Turnover reached AED 476.7 million (129.78 million) after 400 million shares were traded at 4,145 transactions.  

Mubasher Contribution Time: 07-Mar-2016 06:40 (GMT)