Dubai-Mubasher: Dubai Financial Market (DFM) witnessed a downward trend on Tuesday due to decline in the banks sector led by Emirates NBD and Dubai Islamic Bank (DIB), in addition to losses by the real estate and telecom sectors.
The general index declined 0.97% or 30 points to reach 3,064.7 points.
Turnover fell to AED 428.66 million ($116.7 million) on Tuesday, compared to AED 616.2 million ($167.77 million) on Monday. Similarly, trading volume decreased to 286 million shares, compared to 423.24 million shares.
The banks sector retreated 2.62% after Emirates NBD and Dubai Islamic Bank declined 4.52% and 1.51% in a row.
The telecom sector levelled down 1.5% as du slid 1.5% to AED 5.86.
On the flipside, the real estate sector gained 0.32% after Damac Properties increased 4.82%.
The investment sector rose 0.3% as Dubai Investments and DFM Company grew 1.2% and 1.72%, respectively.
