Dubai - Mubasher: The Dubai Financial Market’s (DFM) main index closed Monday in red after two consecutive sessions of winnings, as it slipped 1.05% down, losing 34.6 points to reach the level of 3,225.14 points.
The benchmark index closed Sunday with a rise, supported by the real estate and banking sectors.
Analysts expected an attempt by Dubai’s index to continue its rise during Monday’s session to target 3400 points, which is the first resistance level in the current period.
Trading value declined today to AED 68.55 million, versus AED 313.24 million reached yesterday. Trading volume also decreased to 225.44 million shares, compared to 285.5 million shares exchanged on Sunday.
The real estate sector headed the decliners with a fall of 2.09%, with a negative impact by Arabtec losses which reached 4.13%.
Also, the Investment sector closed with a 0.96% decrease, as Dubai Investments fell by 0.48%, and the banking sector moved 0.54% down.
The Telecom sector was the top gainer on Monday, with a rise of 1.2%.
