By: Mahmoud Gamal
Dubai – Mubasher: The main index of Dubai Financial Market (DFM) levelled down 0.38% or 12.74 points to end Sunday’s session at 3,559.70 points.
DFM’s industrial sector led the decliners by 7.8%, dragged by National Cement which fell by 7.8%, as well.
The banks sector also fell by 0.36% as Dubai Islamic Bank lost 0.7%, and the real estate sector retreated by 0.2% on the fall of both Arabtec and Emaar which lost 0.65% and 0.40% respectively.
The market’s liquidity stood at AED 286 million after 225.6 million shares were traded through 2,837 transactions.
Profit taking activity has returned to affect DFM, following the fall of global shares, said capital market analyst Jamal Abdulhamid.
The index’s volatility between the levels 3,572 and 3,583 points is likely to push the market to fall, he noted.
The analyst expected DFM’s benchmark index to remain above 3,559 points in the coming session, heading to 3,580 and 3,600 points.
Translated by: Ingy ElSafy
