By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a negative performance on Sunday, amid ongoing profit-taking.
The main index fell 0.19% or 6.49 points to reach 3,348.14 points.
The main index is continuing the correction it started several sessions ago, weighed down by the Gulf markets especially the Saudi Stock Exchange (Tadawul), according to capital market analyst Gamal Abdel Hamid.
The consumer staples sector was the worst performer after falling 1.3% as DXB Entertainments slid 1.33%. The transportation sector also decreased 1.29% after Air Arabia went down 1.54%.
The banks sector slid 0.12% after Emirates NBD levelled down 0.62%. The real estate sector fell 0.07% due to a decline in Deyaar Development by 3.2%.
On the flipside, the investment sector went up 0.32% as Dubai Investments added 0.5%.
The market saw trading of 167.2 million shares through 2,174 transactions, with a turnover of AED 233.32 million.
The main index is expected to decline below 3,280-3,333 points in the coming session till new points, Abdel Hamid added.
Translated by: Julian Nabil
