Dubai-Mubasher: Dubai Financial Market (DFM) closed in the red on Thursday amid a wave of declines that hit all leading stocks in the real estate, banks, investment and telecom sectors.
The DFMGI fell 2.57% or 78.52 points to 2,981.5 points, suffering its biggest losses since 20 January.
The UAE exchanges are still unable to rebound technically in time where no catalysts are emerging to ease pressures by volatile oil prices and global markets, analysts earlier told Mubasher.
Turnover increased to AED 477.64 million ($130 million) on Thursday, compared to AED 403 million ($109.7 million) on Wednesday. Turnover slightly rose to 329.8 million shares from 328.2 million shares.
