Dubai – Mubasher: The Dubai Financial Market (DFM) extended its decline at the closing of Monday’s trading session, shrugging off new incentives such as the dual listing of Bahrain’s Ithmaar Holding.
The DFMGI shed 0.26% or 8.9 points to close at 3,455.24 points.
The real estate sector led decliners, losing 0.86% after Drake & Scull International (DSI) fell 3.2% to AED 2.11, while Emaar Properties dropped 1.5% to AED 6.74, and DAMAC Properties decreased 0.89% to AED 3.35.
The insurance sector lost 0.62% after AMAN retreated 2.4% to AED 0.810, while the services sector went down 0.6% on the back of Amanat Holding’s 1.32% drop to AED 1.49.
On the positive side, the consumer staples sector gained 1.02% after DXB Entertainments increased to 1.25% to AED 0.648.
The banks sector grew 0.23% after the newly-listed Ithmaar Holding jumped 14.98% to AED 0.760.
Turnover on the DFM amounted to AED 318.91 million on Monday, up from AED 169.71 million on Sunday, while traded volume increased to 232.42 million shares from 113.19 million.
Among the DFM’s blue-chip risers on Monday were DFM Company’s stock, which gained 1.8% to AED 1.13, while Arabtec Holding added 0.7% to AED 2.63, and Dubai Islamic Bank (DIB) increased 0.6%.
