Dubai – Mubasher: The Dubai Financial Market (DFM) commenced trading on Monday in the red, pressured by its leading sectors particularly investment and real estate, in line with analysts’ expectations and in continuation of Sunday’s declines.
By 10:20am UAE time, the DFMGI lost 0.5% or 18.3 points to 3,317.83 points, while turnover reached AED 24.1 million after 12 million shares were exchanged through 283 transactions.
The investment sector led fallers, shedding 0.8% as Dubai Investments was down 0.9%. meanwhile, the real estate sector sagged 0.68% as Emaar Malls retreated 1.1%, while Emaar Properties and Arabtec were in the red.
The banking sector slipped 0.3% as Dubai Islamic Bank (DIB) lost 0.8%.
