DFM retreats on Arabtec, Emaar at open

Dubai-Mubasher: Dubai Financial Market (DFM) saw a negative performance in Tuesday's early trades, pressured by Arabtec Holding and Emaar Properties.

The DFMGI fell 0.3% or 11.13 points to reach 3,367.50 points by 11:00am UAE time.

The transportation sector levelled down 5.04% as Air Arabia decreased 6.6%.

The real estate sector declined 0.6% after Emaar and Arabtec slid 1.3% and 0.6%, respectively.

On the flipside, the investment sector advanced 1.43% as Dubai Parks and Resorts added 1.48%.

The investment sector increased 0.37% helped by Dubai Investments which rose 0.47%.

The banks sector gained 0.08% as Dubai Islamic Bank (DIB) advanced 0.17%.

Trading volume reached 109.6 million shares, with turnover of AED 124 million. 

Mubasher Contribution Time: 22-Mar-2016 07:25 (GMT)