Dubai-Mubasher: Dubai Financial Market (DFM) saw a negative performance in Tuesday’s early trades, weighed a wave of declines that hit blue-chip stocks led by Emaar Properties, Arabtec Holding and Dubai Islamic Bank (DIB).
The general index fell 1.5% or 47 points to reach 3,057.2 points by 10:30am UAE time.
UAE markets are expected to maintain its downward trend in the coming period, analysts previously told Mubasher.
Turnover reached AED 80.7 million after 66.64 million shares were traded through 998,000 transactions.
The real estate sector led losers after falling 2.36% as Arabtec and Emaar slumped 2.86% and 2.15%, respectively.
The investment sector retreated 1.26% as Dubai Investments and DFM Company levelled down 1% and 2.66%, respectively.
The banks sector slid 0.9% after DIB went down 1.52%.
The telecom sector decreased 0.16% due to a decline in du by 0.16% to AED 5.02.
On the flipside, the industrial sector remained unchanged.
On the stock-level, Takaful Al Emarat Insurance Co was the only gainer after rising 3.3%. Meanwhile, Amlak Finance was the worst performer after falling 4.4%.
