Dubai-Mubasher: Dubai Financial Market (DFM) saw a bearish performance on Sunday for the sixth session in row, pressured by a wave of declines that hit the leading stocks in real estate, banks and investment sectors.
The DFMGI lost 2.1% or 61.87 points to close at 2,882.8 points.
The absence of catalysts made the UAE markets more susceptible to the control of speculators.
Turnover rose to AED 319.27 million ($86.92 million) on Sunday from AED 307.35 million ($83.68 million) on Thursday. Likewise, trading volume grew to 228 million shares from 201.5 million shares.
The services sector declined 3.6% as Amanat Holdings and National Central Cooling Company retreated 3.89% and 2.83%, respectively.
The banks sector lost 2.62% after Dubai Islamic Bank and Emirates NBD fell 3.04% and 4.11%, respectively.
The investment sector retreated 2.52%, weighed by Dubai Investments and DFM Company which went down 3.12% and 0.92% in a row.
The real estate sector slid 1.96% as Arabtec Properties and Emaar Properties lost 3.67% and 0.4%, respectively.
The telecom sector was the only gainer after rising 0.2% as du increased to AED 4.97.
