Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index shed 10.95 points, or 0.35%, to 3,092 points on Tuesday, recording its lowest level in more than two years.
The DFM’s trading volume rose to 258.82 million shares from 144.81 million on Monday, while the market’s liquidity surged to AED 337.66 million through 2,927 transactions, versus AED 247.65 million in the previous session.
The real estate sector lost 0.99% after Drake and Scull International (DSI) went down 2.24% and Deyaar Development tumbled 2.08%.
In a similar vein, Emaar Properties, Arabtec Holding, Union Properties, Damac Properties, and Emaar Development levelled down 1.55%, 1.33%, 1.15%, 0.33%, and 0.18%, respectively.
The investment sector shed 1.19%, as Gulf General Investment sank 2.94%, while Dubai Investments fell 1.42% and Shuaa declined 0.97%.
On the positive side, the banks sector grew 1.03% after Emirates NBD soared 4.85%.
On Monday, managing director of asset management at MENACORP Tariq Qaqish revealed that investors became less confident about the UAE markets, which in return dragged its two bourses down in the last period.
