Dubai-Mubasher: Dubai Financial Market (DFM) ended Wednesday’s session in the red zone, weighed by the negative performance of bank stocks mainly DIB amid low liquidity.
The general index retreated 0.28% or 9 points to close at 3,180.77 points.
UAE markets are likely to continue to hold till the end of this week amid trading on some blue-chip stocks, analysts earlier told Mubasher.
Turnover declined to AED 255.5 million ($69.56 million) on Wednesday from AED 442.65 million ($120.52 million) on Tuesday. Likewise, trading volume fell to 216.8 million shares from 370.88 million shares.
The investment sector retreated 1.5%, pressured by Dubai Investments which levelled down 1.93%, while DFM Company remained unchanged.
The banks sector slid 0.55% as DIB and Amlak Finance contracted by 0.67% and 2.1%, respectively.
Meanwhile, the real estate sector advanced 0.33% due to a rise in Emaar Properties by 0.67%, while Arabtec Holding stabilised.
