Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index dropped 0.81% or 22.25 points to close at 2,735.48 points on Sunday, dragged down by its heaviest-weighted sectors.
Market capitalisation reached AED 361.276 billion ($98.346 billion).
The DFM’s liquidity dropped to AED 132.58 million after 146.54 million shares changed hands versus AED 159 million and 157.13 million shares on Thursday.
The consumer goods sector was the DFM’s top loser, recording a 1.96% decline after DXB fell 2.16%.
The banks sector dropped 0.90% after major banks stocks saw steep losses. Al Salam Bank retreated 4.90%, Ajman Bank shed 2.08%, and Dubai Islamic Bank (DIB) lost 1.91%, while Ithmaar Bank and khaleeji Commercial Bank (KHCB) tumbled 1.64% and 1.24%, respectively.
The real estate sector decreased 0.90% after Damac Properties dropped 3.46%, Emaar Properties shed 0.81%, Union Properties fell 0.60%, while Emaar Malls and Emaar Development were down 0.54% and 0.19%, respectively.
The transportation sector also dipped 0.54% after Aramex declined 1%.
Meanwhile, the insurance sector rose 2.85%, supported by Salama, which levelled up 5.49%.
