Dubai-Mubasher: Dubai Financial Market (DFM) saw a negative performance in Sunday’s early trades, weighed down by the real estate stocks.
The general index lost 0.8% or 27.10 points to reach 3,357.62 points by 10:40am UAE time.
The consumer staples sector fell 2% after Dubai Parks and Resorts went down 4%.
The real estate sector decreased 1.7% as Emaar Malls Group and Emaar Properties slid 4% and 3.1% in a row.
The UAE markets are expected to suffer from the disappointing dividends announced by heavyweight Emaar Properties, Ahmad Al-Amoudi, technical analyst at Trades Chamber, earlier told Mubasher.
The services sector went down 1.14% after Amanat Holdings retreated 1.8%.
The banks sector decreased 0.1% due to a 0.34% decline in Dubai Islamic Bank (DIB).
On the flipside, the transportation sector added 0.5% after Gulf Navigation Holding increased 2.6%.
The market saw trading of 192.6 million shares through 2,127 transactions, with turnover of AED 214.7 million.
