Dubai – Mubasher: The Dubai Financial Market (DFM) has seen a bearish trend on Tuesday, pressured by profit-taking on some of the blue-chip stocks.
The DFM’s general index fell by 31.93 points, or 1.13%, to 2,803.34 points.
Trading volume amounted to 183.44 million shares that were exchanged at a turnover of AED 154.46 million through 2,241 transactions.
Market capitalisation shed AED 3.71 billion and closed the session at AED 367.50 billion.
The banks dropped by 1.24%, followed by the real estate sector which fell by 0.76%.
Likewise, the investment and financial services sector went down by 0.73% and the consumer staples sector tumbles 0.40%.
On the other hand, the services sector levelled up by 0.16%.
Union Properties was the most heavily traded stock with 128.28 million traded shares at a turnover of AED 38.61 million.
Most of the blue-chip stocks went down including Emirates NBD, Emaar Properties, and Dubai Investments that fell by 2.26%, 1.24%, and 0.79%, respectively.
