Dubai-Mubasher: Dubai Financial Market (DFM) saw a bearish performance for the second session in a row on Tuesday, dragged down by the real estate and banks sectors.
The general index lost 0.87% or 29.02 points to reach 3,321.83 points.
Trading volume reached 409.686 million shares today, compared to 569.033 million shares yesterday.
Turnover stood at AED 517.401 million, compared to AED 569.033 million.
Analysts earlier told Mubasher DFM is expected to see profit-taking on Tuesday.
“The UAE stock markets are expected to see a volatile trend amid investors’ anticipation of the Federal Reserve's policy meeting,” capital market analyst Ali Al Shehhi said.
DFM Company lost 1.65%, weighed by Arabtec Holding and Emaar Properties which slid 6.06% and 1.13% in a row.
Arabtec was the value leader after generating AED 129.225 million.
The banks sector declined 0.03% as Emirates NBD fell 0.13%. Meanwhile, Dubai Islamic Bank (DIB) and Commercial Bank of Dubai (CBD) gained 0.35% and 0.37 in a row, trimming the market’s losses.
