Dubai – Mubasher: Dubai Financial Market (DFM) opened lower on Monday morning, led down by Arabtec, as the main index declined by 0.21% or 7 points to 3,282.7 points.
However, analysts forecast that the Dubai’s index will attempt to maintain Sunday’s positive mood in today’s session, targeting 3400 points, which is the first resistance level in the current period.
Services was the worst performer among sectors after moving 1.88% down, as a result for the decrease in Tabreed and Amanat which went down by 2.66% and 1.57%, respectively.
The investment sector came second with a 0.95 decrease, as it was affected by Dubai Investment which slipped 0.96% down.
The real estate sector was the least in the losers list with a fall of 0.65%, as Arabtec declined 1.65%, while Emaar stayed at the same rates.
However, the telecom sector headed the green list after rising by 1.4%, followed by the banking sector with a 0.1 % increase.
Morning trading saw a volume of about 58 million shares exchanged in 894 trades, making a value of AED 42 million.
