Dubai – Mubasher: Dubai Financial Market (DFM) slipped in Wednesday’s mid-session, dragged lower by leading stocks in real estate, banks and investment sectors.
The main index fell by 0.95% or 30.4 points to close at 3,178.77 points.
Analysts told Mubasher earlier that the UAE markets are seeing a downward trend, anticipation among key investors and domination by speculators.
The consumer staples sector led decliners with a fall of 2.2%, after Dubai Parks fell by 2.48%.
The real estate sector came second, with a drop of 1.4%, hurt by Emaar and Arabtec that were off 2.35% and 0.9%, respectively.
The investment sector shed 1.13% after Dubai Investments and DFM Company went down by 0.98% and 0.89%, in a row.
The telecom sector was down by 0.4%, weighed by du stock that saw the same decline to AED 5.
The banks sector tailed the list, with a drop of 0.29%, after DIB fell by 0.3%.
The services sector bucked the downtrend, rising 0.28%, while industrial remained unchanged.
Traded volume amounted to 98.64 million shares, exchanged in 1,750 transactions at turnover reaching AED 108.67 million.
