By: Mahmoud Gamal
Dubai – Mubasher: The benchmark index of Dubai Financial market (DFM) lost 0.75% or 26.61 points to end Tuesday’s trading session at 3,505.18 points.
The real estate segment led the decliners with 1.65%, dragged by Emaar and Arabtec which lost 1.9% respectively.
The investment sector also lost 0.46%, in line with the fall of Dubai Investments which retreated by 0.86%. The telecom sector levelled down by 0.33% as du lost 0.33%.
Meanwhile, the transportation sector increased by 0.42%, as Air Arabia gained 0.76%.
The banks sector increased by 0.2%, on the back of Emirates NBD and Dubai Islamic Bank which rose by 1.08% and 0.18% respectively.
DFM’s liquidity amounted to AED 314.25 million after 252.84 million shares were traded.
Investors were worried and cautious in line with the political tension in Turkey and the truck terror attack in Berlin, capital market analyst Fawzy Abdullah said.
The analyst added that DFM’s index is facing further selling pressures as long as it holds above 3,500 points and does not fall to 3,480 points.
The UAE market is currently facing lower liquidity, Abdullah said, adding that the market will reach the green zone if the main index settles above 3,550 points for several sessions.
Translated by: Ingy ElSafy
