Dubai-Mubasher: Dubai Financial Market (DFM) closed at a decline on Tuesday for the third session in a row amid a wave of declines that hit leading stocks.
The general index closed at 3,010.64 points, falling 93.53 points or 3%; the lowest level since mid-November.
UAE markets are expected to extend their downward trend in the coming period, analysts previously told Mubasher.
Turnover rose to AED 316 million ($86 million) on Tuesday from AED 312.16 million ($85 million) on Monday. Likewise, trading volume increased to 213.89 million shares from 181.4 million shares.
The transportation sector declined 3.7%, weighed by Aramex and Gulf Navigation Holding which retreated 5.5% and 3.6%, respectively.
The real estate sector went down 3.6% as Emaar Properties and Arabtec Holding slid 3.4% and 2.86% in a row.
The banks sector lost 2.94%, led down by Dubai Islamic Bank and Emirates NBD which dropped 2.7% and 3.63%, respectively.
The investment sector went down 2.2% as Dubai Investments and DFM Company slumped 1.5% and 4.4% in a row.
The telecom sector levelled down 1% after du decreased to AED 5.
