Dubai – Mubasher: The Dubai Financial Market (DFM) retreated in Thursday’s early trades, despite a rise in oil prices and global markets on Wednesday.
The benchmark index fell 1.3% or 46 points to 3,460.09 points, pulled down by the real estate sector, which lost 1.6% as DAMAC Properties and Emaar Properties plunged 6.4% and 3.4%, respectively.
Analysts previously told Mubasher that they expected UAE markets to see a positive performance during the session after the US Federal Reserve kept interest rates unchanged.
Turnover reached AED 152.48 million after 83.6 million shares were traded through 1,449 transactions at 10:56am UAE time.
The DFMGI ended Wednesday a decline of 1.6% to 3,506.9 points amid continued profit-taking.
