Dubai – Mubasher: The Dubai Financial Market (DFM) closed Tuesday in the red, weighed by its blue chips, particularly Emaar Properties, which announced that its subsidiary Emaar Hospitality had sold some of its hotels to Abu Dhabi National Hotels (ADNH).
The DFMGI retreated 1.02% to 27.81 points to close at 2,699.60 points, its lowest level since 17 January 2016.
The consumer staples sector dropped 3.9% after DXB slid 4.46% to AED 0.300.
Moreover, the real estate sector tumbled 1.87% after Union Properties decreased 3.4% to AED 0.570, while Arabtec Holding sank 3.24% to AED 2.09, and Emaar Properties fell 3.2% to AED 4.59, its lowest level since January 2016.
The services sector lost 1.32% after Tabreed shed 1.85% to AED 1.59, while the transport sector declined 0.97% on the back of Gulf Navigation’s 5.46% slide to AED 1.04.
In addition, the investment sector lost 0.45% after Dubai Investments decreased 0.71%, while the telecom sector and its stock du lost 0.20% each, and the insurance sector shed 0.32% after Salama declined 0.26% to AED 0.548.
Turnover grew to AED 179.10 million on Tuesday from AED 158.08 million on Monday, while traded volume jumped to 134.54 million shares traded against 95.85 million.
