Dubai-Mubasher: Dubai Financial Market (DFM) saw a negative performance in Sunday’s mid-session, weighed by the selling pressures on the real estate sector led by Emaar Properties, Arabtec Holding and Dubai Islamic Bank (DIB).
The DFMGI lost 1.88% or 55.4 points to reach 2,889 points by 12:30 pm UAE time.
The index fell 1.76% in early trades, dragged by the wave of declines that hit all sectors except the industrial.
In mid-session, the real estate sector topped losers after declining 2.8% as Arabtec and Emaar slid 3.26% and 2.52%, respectively.
The investment sector retreated 2.11% as Dubai Investments and DFM Company levelled down 2.08% and 2.75% in a row.
The banks sector slumped 1.52% after DIB contracted by 2.86%. Meanwhile, Emirates NBD added 0.55%.
On the flipside, the telecom sector was the only riser after du advanced to AED 4.97.
Turnover reached AED 212.8 million after 145.86 million shares were traded through 2,670 transactions.
