Dubai – Mubasher: The Dubai Financial Market (DFM) closed Tuesday’s trading session in red territory for the third straight session, pressured by profit-taking transactions on blue-chip stocks.
By the end of the mid-week session, the general index dropped 27.37 points, or 0.98%, to 27,750.51 points.
The insurance sector topped decliners with 2.2% after the stock of Islamic Arab Insurance Co (Salama) shed 5.08% on the back of posting losses in the third-quarter earnings statement.
The heavyweight Emirates NBD’s stock levelled down 2.8% to AED 9.04, while the stocks of Drake and Scull International (DSI) and DFM Company tumbled 2.62% to AED 0.370 and 1.68% to AED 0.880, respectively.
The real estate sector finished the session in decline after the shares of Emaar Development, Emaar Properties, and Union Properties fell 1.45% to AED 0.477, 1.19% to AED 4.96 and 0.95%, consecutively.
The DFM’s trading volume amounted to 96.32 million shares exchanged at a turnover of AED 122.9 million through 18,620 transactions.
