Dubai-Mubasher: Dubai Financial Market (DFM) saw a downward trend for the second session in row due to the fall of real estate and banks sectors led by Emaar Properties and Dubai Islamic Bank, in addition to Arabtec Holding and Emirates NBD.
The DFMGI lost 0.32% or 9.7 points to reach 2,970.36 points.
Turnover declined to AED 526.3 million ($143.3 million) on Tuesday, compared to AED 605 million ($164.7 million) on Monday. Trading volume dropped to 379.2 million shares from 413.27 million shares.
The services sector topped losers after declining 1.2%, followed by the banks, real estate and investment sectors at 0.78%, 0.61% and 0.21%. Meanwhile, the telecom sector rose 4.4%.
On the stock-level, Arabtec Holding was the worst performer after falling 2.54%, while Dubai Islamic Bank, Emaar Properties and Emirates NBD decreased 1.84%, 0.77% and 0.4%, respectively.
