Dubai-Mubasher: Dubai Financial Market (DFM) saw a bearish performance for the second session in a row on Wednesday due to a decline in the real estate sector led by Emaar Properties, Arabtec Holding, Dubai Islamic Bank (DIB) and Dubai Investments.
The DFMGI levelled down 0.15% or 4.71 points to reach 3,060 points.
Turnover reached AED 403 million ($109.7 million) on Wednesday, compared to AED 428.66 million ($116.7 million) on Tuesday. Trading volume stood at 328.2 million shares, compared to 286 million shares.
The services sector slid 0.95% after Tabreed and Amanat Holdings decreased 1.94% and 0.61% in a row.
The investment sector fell 0.84% as Dubai Investments and DFM Company went down 1.16% and 1.75%, respectively.
The real estate sector slumped 0.49%, led down by Emaar and Arabtec Holding which shed 1.25% and 0.88% in a row.
On the flipside, the telecom sector rose 0.34% after du added 0.34% to reach AED 5.800.
The banks sector inched up 0.02% as Ajman Bank advanced 8.6%. Meanwhile, Dubai Islamic Bank (DIB) lost 0.68%.
