Dubai-Mubasher: Dubai Financial Market (DFM) witnessed a downward trend on Wednesday for the fourth session in row, weighed by Dubai Islamic Bank, Emirates NBD, Dubai Investments and du.
The DFMGI declined 0.32% or 9.7 points to reach 3,000.95 points.
Turnover rose to AED 328 million ($89.3 million) on Wednesday from AED 316 million ($86 million) on Tuesday. Trading volume grew to 219.4 million shares from 213.89 million shares.
The industrial sector led losers after falling 1.74% as National Cement Company went down 1.74% to AED 3.38.
The banks sector retreated 1.1% due to a decreased in Dubai Islamic Bank and Emirates NBD by 0.7% and 2.86%, respectively.
The telecom sector levelled down 0.4% as du slumped to AED 4.98.
The investment sector slid 0.06% after Dubai Investments contracted by 0.51%, while DFM Company rose to 0.93%.
The real estate sector was the only gainer after adding 0.18%, backed by Arabtec and Emaar Properties which increased 0.98% and 0.19% in a row.
