Dubai-Mubasher: Dubai Financial Market (DFM) saw a negative performance in Tuesday’s early trades due to the decline of real estate sector led by Emaar Properties, Arabtec Holding and Dubai Islamic Bank (DIB).
The DFMGI retreated 0.47% or 14.74 points to reach 3,104.66 points by 10:30am UAE time.
The market saw trading of 32 million shares through 487 transactions, with turnover of AED 29 million.
The UAE markets are expected to continue their volatile trend amid the struggle ensued between buyers and sellers as stocks reached attractive price levels, analysts earlier told Mubasher.
The real estate sector topped decliners by 1.07%, pressured by Arabtec and Emaar which decreased 1.63% and 0.7%, respectively.
The banks sector levelled down 0.19% as DIB and Amlak Finance slid 0.16% and 1.46% in a row.
On the flipside, the investment sector gained 0.04% due to a rise in DFM Company by 0.85%.
