Blue chips push DFM to red at open

Dubai-Mubasher: Dubai Financial Market (DFM) saw a negative performance in Thursday's early trades due to a decline in blue chips led by Emaar Malls Group, Arabtec Holding and Dubai Islamic Bank (DIB).

The general index fell 0.17% or 5.8 points to reach 3,319.57 points by 11:00am UAE time.

The market saw trading of 89.2 million shares through 1,107 transactions, with turnover of AED 83.34 million.

The telecom sector lost 0.8% after du declined 0.8%.

The banks sector retreated 0.14% as Dubai Islamic Bank (DIB) decreased 0.34%.

The real estate sector levelled down 0.09% after Emaar Malls and Arabtec slid 1.7% and 0.6% in a row.

On the flipside, the insurance sector topped risers, followed by the consumer staples and transportation sectors.

Mubasher Contribution Time: 31-Mar-2016 06:57 (GMT)