Dubai – Mubasher: The Dubai Financial Market (DFM) opened Sunday in the red amid a decline in most leading stocks.
The DFMGI shed 0.5% or 19.3 points to 3,472.24 points.
UAE markets are likely to continue trading at profit-taking levels on Sunday and Monday following a new decline in oil prices and global markets, analysts told Mubasher earlier.
Turnover reached AED 109 million as 86.68 million shares were traded through 1,184 transactions by 11am UAE time.
The investment sector led fallers, sliding 1.26%, followed by banks which lost 0.8%.
Most blue-chip stocks performed negatively, led by Dubai Investments (DI) and Emaar Properties which lost 1.3% and 1.2%, respectively, added to Dubai Islamic Bank (DIB) and Emaar Malls, which were down 0.8% and 0.7%, respectively.
The DFMGI ended Thursday at a decline of 0.4%.
