Dubai – Mubasher: The Dubai Financial Market (DFM) finished Monday in the red territory, weakened by the fall of real estate, investment, and banking sectors amid higher market liquidity.
The general index declined 27.75 points or 0.83% to reach 3,310.48, hitting a five-session low.
Trading volume reached 747.579 million shares versus 791.146 million yesterday, while trading value stood at AED 913.739 million compared with AED 851.030 million a session earlier.
The real estate fell 1.33% after Union properties, Damac, and Arabtec slid by 4.62%, 2.66%, and 0.77%, respectively.
The investment sector deepened DFM losses after going lower 0.9% on Shuaa, GFH, and DFM Company that decreased by 9.43%, 4.44%, and 4.27% correspondingly.
The banking sector moved down 0.41% on the slide of Dubai Islamic Bank (-0.39%).
Meanwhile, the best performer was the consumer staples (+2.7%) due to 2.76% gains recorded by DXB.
GFH was the most active stocks today after registering AED 205.620 million, thus accounting for 22.5% of the aggregate market liquidity.
