By: Bedour Alraei
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a negative performance on Monday, weighed down by the fall of all sectors except the industrial.
The DFMGI reached 3,637.55 points after falling 1.75% or 64.61 points, its highest daily losses in more than six months.
The market saw trading of 666.27 million shares through 7,980 transactions, with a turnover of AED 796.235 million.
The investment sector fell 2.15% as Amlak Finance and GFH Financial Group retreated 10% and 3.6% respectively.
The real estate sector slid 1.85% due to a decline in Arabtec Holdings by 9.85%.The banks sector also tumbled 1% as Ajman Bank retreated 2.8%.
The market was weighed by the results of some companies like Arabtec which posted disappointing annual results, Eyad Al Buraiki, general manager of Al Ansari Ansari Exchange, told Mubasher.
The bourse is likely to maintain its decline on Monday, in line with the approach of cash dividends especially of banks, Al Buraiki added.
The upcoming dividends are likely to trim the exchange’s losses, the general manager noted.
The consumer staples sector led losers with a 3.77% after Marka tumbled 5.26%.
Translated by: Julian Nabil
