Dubai – Mubasher: Dubai Financial Market (DFM) closed the first session in the week in red, as it declined by 0.34% or 44 points to 3,193.13 points.
Analysts suggested, in statements to Mubasher, that United Arab Emirates stock markets are suffering from lack of catalysts in the current period, which gave speculators the chance to take control of the bourses, something that reflected negatively on liquidity.
Sunday’s trading saw a rise in liquidity, as the trading value reached AED 159.3 million, versus AED 122.68 million in the previous session. Trading volume also leapt to 152.25 million shares, compared to 123.3 million shares exchanged on Thursday.
The real estate sector ended trading with a fall of 1.25%, driven down by both Arabtec and Emaar which dropped 5.3% and 1.02% respectively.
The telecom sector, however, edged 1.2% up and the investment moved 0.08% up, while the banking steadied at the same rates.
