Dubai-Mubasher: Dubai Financial Market (DFM) hit the lowest level in two months amid a wave of declines that hit blue-chip stocks led by Emaar Properties, Arabtec Holding, Dubai Islamic Bank and Emirates NBD.
The general index closed at 2,815.45 points, losing 106.25 points or 3.64%; the lowest level since November.
Turnover decreased to AED 493.47 million ($134.3 million) on Thursday, compared to AED 495.63 million ($135 million) on Wednesday. Trading volume fell to 405.26 million shares from 417.84 million shares.
The investment sector slumped 6% after Dubai Investments and DFM Company levelled down 6.3% and 5.36%, respectively.
The real estate sector retreated 5.65% due to a drop in Arabtec and Emaar by 9.45% and 5.76% in a row.
The banks sector slid 2.12%, weighed by Dubai Islamic Bank and Emirates NBD which sank 2.86% and 2.72%, respectively.
The telecom sector went down 0.6% after due to a drop in du to AED 5.06.
