Dubai – Mubasher: The Dubai Financial Market (DFM) has seen a bearish trend on Tuesday, pressured by profit-taking in some of the blue-chip stocks.
The DFM’s general index slipped 6.50 points, or 0.23%, to 2,796.58 points.
Trading volume amounted to 56.77 million shares exchanged at a turnover of AED 85.82 million through 1,427 transactions.
Market capitalisation shed by AED 679 million and closed the session at AED 370.02 billion.
The consumer staples sector fell by 2.03%, followed by the investment and services sector that went down by 1.60%.
Similarly, the real estate and the banks sector slid by 0.40% and 0.14%, respectively.
On the other hand, the services sector was the sole riser after jumping by 2.56%.
The exchange has seen the fall of 22 stocks headed by Dubai National Insurance’s stock which dropped by 9.09%, while only nine stock rose led by Tabreed that gained 6.01%.
Air Arabia was the most active stock by volume with 12.26 million traded shares, while Emaar Properties was the most active stock by value with a turnover of AED 20.72 million.
