DFM opens in red on blue chips

Dubai-Mubasher: Dubai Financial Market (DFM) saw a negative performance in Wednesday’s early trades, weighed down by blue chips.

The general index lost 0.8% or 26.3 points to reach 3.326.89 points by 11:00am UAE time.

The real estate sector was the worst performer after falling 2.12%, as Emaar Malls Group dipped 1.7%, followed by Emaar Properties and Arabtec Holding as they shed 0.6% and 0.6%, respectively.

The banks sector fell 0.7% as Dubai Islamic Bank (DIB) retreated 1.5%.

The market saw trading of 62 million shares, with a turnover of AED 77.2 million. 

Mubasher Contribution Time: 23-Mar-2016 06:55 (GMT)