Dubai – Mubasher: The Dubai Financial Market (DFM) ended Sunday’s trading session with a negative performance, hitting the lowest level since November 2013, as investors started selling their blue-chip stocks affected by an expected drop in the real estate sector.
The general index fell 29.77 points, or 1.15%, to finish the first session of the week at 2,550.50 points.
The DFM’s trading volume jumped to 339.36 million shares on Sunday, from 212.28 million in the session before, while liquidity rose to AED 243.99 million, against AED 220.46 million through 2,290 transactions.
The investment sector topped the bourse’s decliners falling 3.25% as Shuaa Capital plunged 10%, followed by the drop of the consumer staples sector with 3.24% due to DXB Entertainments’ 3.7% fall.
Similarly, the insurance sector decreased by 2.84% as Salama Cooperative Insurance Company and Aman Insurance went down 6.11% and 2.08%, respectively.
The services sector levelled down 1.94%, followed by the real estate and banks sectors, which retreated 1.35% and 0.95%, respectively.
On the other hand, the transportation sector was the market’s only gainer adding 0.02% as Aramex rose 0.48%.
