By: Bedour Alraei
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a bearish performance on Monday for the fourth successive session, amid low trades due to speculative liquidity.
The DFMGI sank 0.26% or 9.5 points to reach 3,669 points.
The main index approached its resistance at 3,740 points, but it did not manage to break above such level, financial analyst Tarek Essawy told Mubasher.
The level of 3,625 points may support the index to rise in the short term, Essawy added.
Turnover amounted to AED 604.65 million on Monday, compared to AED 714.42 million on Sunday. Trading volume reached 485.09 million shares, compared to 601.15 million shares.
The industrial sector led losers after falling 3.3% as National Cement Co. levelled down 3.3%.
The telecom sector sank 1% as du decreased 1%. The banks sector also tumbled 0.49% after Ajman Bank and Emirates NBD lost 4.4% and 1.15% respectively.
On the other hand, the real estate sector rose 0.05% as Emaar Properties and Damac Properties increased 1.06% and 0.38% respectively.
Translated by: Julian Nabil
