DFM down on larger selling appetite

Mubasher: Dubai Financial Market (DFM) closed in the red for the second session on Tuesday amid selling pressures mounting on the real estate, telecom and banks sectors.

The general index declined 0.75% or 25.43 points to reach 3,353.20 points.

Trading volume reached 634.29 million shares on Tuesday, compared to 502.35 million shares on Monday.

Turnover stood at AED 685.662 million ($186.640 million), compared to AED 627.56 million ($170.8 million).

Union Properties topped gainers with a 2.82% rise after generating AED 209.9 million.

The real estate sector levelled down 0.94% as Arabtec Holding and Emaar Properties slid 1.8% and 1.77% in a row.

The transportation sector was knocked 5.84% lower on Air Arabia which decreased 8.03%.

The telecom sector fell 0.78% nudged down by du which shed 0.78%.

The banks sector went down 0.22% as Emirates NBD retreated 0.63%. 

Mubasher Contribution Time: 22-Mar-2016 10:22 (GMT)