Dubai - Mubasher: The Dubai Financial Market (DFM) saw its highest decline in 5 months, as the main index lost 3.45% or 119.75 points, and closed at the level of 3,354.63 points.
Traded volumes decreased to 615.32 million shares compared to 1.3 billion shares last week, total turnover also declined to AED 989.23 million down from AED 1.8 billion.
The main index was dragged down by real estate sector which lost 3.54%, as Arabtec, Emaar Malls, and Damac dropped 4.76%, 4.41% and 3.91% respectively.
Banks shed 3.24%, as Dubai Islamic Bank (DIB) went down by 4.98%.
The transportation sector saw the highest drop with 4.21%, as Air Arabia and Aramex decreased by 4.41% and 3.3% respectively.
The telecom sector also lost 3.08% as DU declined with same percentage.
Similarly, the investment sector went down by 3.78%, as DFM and GFH dropped 6.87% and 6.31% respectively.
