Dubai – Mubasher: The Dubai Financial Market kicked off Wednesday’s session in the red zone, knocked down by most sectors topped by investment, real estate and banks.
The bourse’s main index declined 1.2% or 26 points to the level of 3,282.03 points.
The real estate sector fell 1.2% as Emaar Malls, Arabtec and Emaar shrank 1.5%, 1.3% and 1% respectively.
Also, the investment sector slid 4.8% as Shuaa Capital and DFM Company decreased 2.4% and 2.2% respectively.
The banks sector moved sown 0.6%, affected by a 1.04% decline in Dubai Islamic Bank.
Profit takings are expected to continue in today’s session, market analysts told Mubasher.
Trading volume reached 97 million shares exchanged at AED 128 million ($34.84 million) through 1,460 transactions.
The bourse closed yesterday on a negative note, amid profit taking on blue chips.
Translated by: Elwy el-Manzalawy
