DFM retreats on blue chips at open

Dubai-Mubasher: Dubai Financial Market (DFM) saw a bearish performance in Sunday’s early trades, pressured by blue chips.

The DFMGI went down 1.2% or 40 points to reach 3,315.47 points by 10:46am UAE time.

The UAE markets’ main indexes are expected to see important resistance levels on Sunday, analysts earlier told Mubasher.

The real estate sector fell 1.6%, weighed down by Emaar Malls Group, Emaar Properties and Arabtec Holding.

The telecom sector retreated 1.5% as du decreased 1.6%.

The banks sector levelled down 0.7% after Dubai Islamic Bank (DIB) lost 2%.

The investment sector slid 0.7% as DFM Company declined 2.2%.

The market saw trading of 98.8 million shares through 1,099 transactions, with turnover of AED 90.4 million. 

Mubasher Contribution Time: 03-Apr-2016 06:50 (GMT)