By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) closed in the red on Tuesday, backed by the real estate and investment sectors.
The main index shed 0.27% or 9.75 points to reach 3,542.16 points.
The consumer services sector topped worst performers and lost 1.4%, on the back of DXB Entertainment by the same percentage.
The transport sector decreased 0.48%, weighted by Air Arabia which went down 0.75%.
The real estate sector fell 0.31% as United Properties and Emaar slipped1.7% and 1.12%, respectively.
The investment sector shed 0.1%, after Dubai Financial Market lost 1.6%.
Turnover retreated to AED 328.81 million from AED 647.76 million shares last session. Trading volume stood at 338.53 million shares, compared to 513.68 million shares.
The index will continue its fluctuating performance for the coming sessions between 3,490 and 3,660 points, till breaking any of the two levels, Raed Diab, vice president of KAMCO Investment research department, told Mubasher.
He added that by surpassing 3,660 points, the index will target 3,750 points, while falling below 3,490 points will lead to further decreases to the levels of 3,450 – 3,400 points.
Translated by: Sara Ghali
