Dubai – Mubasher: The Dubai Financial Market (DFM) closed Tuesday’s trading session in red territory, after its main index fell 33.76 points, or 1.21%, to 2,750.14 points, registering its lowest level in two months.
By the end of the mid-week session, the DFM’s trading volume reached 104.58 million shares, compared to 146.30 on Monday, while liquidity slumped to AED 139.06 million, from AED 193.23 million.
The transportation sector dropped 1.67% as Aramex’s stock levelled down 2.33% to AED 4.2, while Air Arabia’s stock inched down 0.95% to AED 1.04.
The real estate sector declined 1.48% after the stocks of Damac Properites, Emaar Development, and Emarr Properties went down 2.83%, 2.63%, and 1.64%, respectively.
The telecommunication sector and its only stock Emirates Integrated Telecommunications Company (Du) lost 1.39%, each, while the consumer staples sector dropped 1.08% as DXB Entertainments’ stock slid 1.21%.
The investment and financial services sector tumbled 1.06% after the stocks of Dubai Investments, SHUAA Capital, and Gulf General Investment Co (GGICO) dipped 1.38%, 0.95%, and 0.47%, respectively.
The banks sector also levelled down 0.99%, dragged down by the stocks of Emirates NBD and Dubai Islamic Bank (DIB) which fell 2.04%, and 0.19%, respectively.
