Dubai-Mubasher: Dubai Financial Market (DFM) reversed the upward trend it witnessed in early trades on Thursday, dragged by the negative performance of all main sectors.
The main gauge lost 1.88% or 56.28 points to reach 2,944.67 points, closing below the 3,000 points for the first time since December 2013.
Turnover declined to AED 307.35 points ($83.68 million) on Thursday, compared to AED 328 million ($89.3 million) on Wednesday. Likewise, trading volume fell to 215 million shares from 219.4 million shares.
The real estate sector led losers after falling 2.94% as Arabtec Holding and Emaar Properties slid 4.76% and 4.45%, respectively.
The banks sector retreated 1.57%, weighed by Dubai Islamic Bank and Emirates NBD which went down 1.93% and 2.4% in a row.
The investment sector lost 1.5% after Dubai Investments slumped 2.04%.
The telecom sector contracted by 0.4% as du decreased 0.4% to AED 4.96.
On the flipside, the services sector was the only gainer after rising 0.22%, backed by Tabreed which advanced 1.92%.
