Dubai-Mubasher: Dubai Financial Market (DFM) fell for the second session in row on Tuesday, yet trimmed part of its losses, weighed by the decline of Emaar Properties and Emirates NBD.
The UAE markets are likely to see a downward trend on Tuesday amid investors’ bearish sentiment due to lower oil prices and lack of catalysts, analysts earlier told Mubasher.
The DFMGI lost 0.2% or 5.47 points to reach 2,698.43 points.
Turnover decreased to AED 291.8 million ($79.4 million) on Tuesday, compared to AED 368.2 million ($100.26 million) on Monday. Trading volume declined to 259.5 million shares from 351.2 million shares.
The services sector slid 2.83%, followed by the investment and real estate sectors went down 1.95% and 0.21% in a row. Meanwhile, the banks sector rose 0.64%.
On the stock-level, Emaar Properties and Emirates NBD sank 0.22% and 0.15% in a row. On the flipside, Dubai Islamic Bank and Arabtec Holding grew 1.94% and 0.87% in a row.
