Dubai-Mubasher: Dubai Financial Market (DFM) continued its bearish performance on Monday, the second session in 2016, amid low liquidity and a fall of main sectors led by the real estate and banks sectors.
The main gauge fell 1.6% or 50.55 points to reach 3,084.43 points.
The UAE markets are expected to see a negative performance in the short term, amid the absence of catalysts and a state of anxiety that is controlling investors, analysts previously told Mubasher.
The investment sector lost 2.8% as Dubai Investments and DFM Company decreased 2.5% and 4.13%, respectively.
The real estate sector slid 2.1% after Emaar Properties and Arabtec Holding levelled down 1.8% and 3.9% in a row.
The banks sector retreated 1.4% due to a drop in Dubai Islamic Bank and Emirates NBD by 1.5% and 1.3%, respectively.
The telecom sector slumped 0.98% as du sank 0.98% to AED 5.05.
