Dubai-Mubasher: Dubai Financial Market (DFM) closed in the red on Monday amid profit-takingon blue chips, especially in the banks sector, against position-building in operational stocks in the real estate sector.
The DFMGI lost 0.25% or 7.52 points to reach 3,003.95 points.
Turnover amounted to AED 268.86 million ($73.18 million) on Monday, compared to AED 345.25 million ($93.97 million) on Sunday. Trading volume reached 293.59 million shares, compared to 287.47 million shares.
The banks sector led losers after falling 1.13% as Emirates NBD and Duabi Islamic Bank (DIB) retreated 1.7% and 0.5% in a row.
On the flipside, the investment sector topped gainers after rising 1.34% due to an increase in Dubai Investments and DFM Company.
The real estate sector advanced 0.10% after Emaar Malls and Emaar Properties gained 1.2% and 0.55%, respectively. Meanwhile, Arabtec Holding retreated 3.64%.
Saad advised traders not to build positions until the reporting season ends and the general index closes above 3,003.9 points.
