Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index shed 0.78% or 26.5 points to close at 3,385.76 points on Sunday.
The real estate sector lost 1.25% after Emaar Malls, Union Properties, Emaar Properties, Drake and Scull International (DSI), DAMAC Properties, Deyaar Properties, Arabtec Holding, and Emaar Development went down 2.58%, 1.22%, 1.21%, 0.93%, 0.9%, 0.86%, 0.73%, and 0.71%, respectively.
The investment sector topped the market losers, sinking 1.85%, weighed down by Dubai Investments, International Financial Advisors (IFA), and Ekttitab, which tumbled 2.44%, 2.37%, and 1.91%, respectively.
The telecommunications sector and its only stock du decreased by 0.39% each.
On the other hand, the banks sector added 0.25%, as Ithmaar Bank soared 12.81%, while Emirates NBD gained around 1.14%.
The UAE’s markets will see better liquidity over the present week, as some investors begin to strengthen their positions, paving the way for a rising trend, capital market analyst Mohamed Al Azmi told Mubasher.
I urge investors to pick the shares of companies that offer attractive dividends, Al Azmi added.
The DFM’s trading volume reached 288.8 million shares, with a turnover of AED 221.6 million generated through 3,890 transactions.
Ithmaar Holding acquires AED 63.23 million of the DFM’s liquidity, while Gulf Navigation led the market in terms of volume, with 144.3 million traded shares.
