Dubai- Mubasher: The Dubai Financial Market (DFM) finished Monday’s trading session with negative performance, pressured by blue-chip stocks.
The DFM’s main index levelled down 6.21 points, or 0.25%, to 2,513.22 points.
The real estate sector was the worst performer after falling 0.56% as Arabtec Holding dropped 2.08% to AED 1.41, Emaar Development went down 1.89%, Emaar Malls tumbled 1.14%, and Emaar Properties shed 0.5%.
The services sector decreased by 0.41% after Amanat Holdings slid 1%, while the banks sector lost 0.25% as Commercial Bank of Dubai (CBD) and Dubai Islamic Bank (DIB) declined 8.85% and 0.2%, respectively.
The telecommunication sector and its only stock DU fell 0.2%, each.
On the other hand, the investment and financial services sector rose 1.16% after Dubai Investments Company (DIC) levelled up 1.68%.
The consumer staples sector edged up 0.95% as DXB Entertainments increased by 1.16% to AED 0.174.
The insurance sector levelled up 0.79% after Takaful Emarat grew 10.14%, while the transportation sector inched up 0.68% as Gulf Navigation Holding (GNH) and Air Arabia gained 3.1% and 1.2%, respectively.
The DFM’s trading value reached AED 135.73 million after 118.97 million shares were exchanged through 2,950 transactions.
Emaar Properties, which shed 0.48% to close at AED 4.11, topped the bourse in terms of liquidity with AED 20.15 million, while Union Properties, which grew 2.8% to AED 0.295, generated the highest trading volume with 20.8 million shares.
