By: Bedour Alraei
Dubai – Mubasher: The Dubai Financial Market (DFM) declined for the fifth successive session on Sunday, falling to the lowest level in two months.
The main index fell 1.13% or 40.33 points to reach 3,543.33 points.
Trading volume reached 207.52 million shares on Sunday, compared to 288.52 million shares last Thursday. Turnover amounted to AED 310.35 million, compared to AED 465.75 million.
Traders still have fears regarding the companies' budgets which will be reflected in the first-quarter financials to be announced by the end of March, according to Fady Al-Ghattis, CEO of Think Financial Services.
The banks sector slid 1.30% as Dubai Islamic Bank and Ajman Bank retreated 2.15% and 2.13%, respectively.
The real estate sector levelled down 1.17% after Arabtec Holding, Damac Properties, and Emaar Properties decreased 2.44%, 1.02%, and 0.92%, respectively.
DXB Entertainments was the value leader after generating AED 53.66 million from the exchange of 53.43 million shares.
Translated by: Julian Nabil
