Dubai – Mubasher: Dubai Financial Market (DFM) extended its losing run till Thursday’s mid-session, amid continued selling pressures on property stocks mainly Emaar and Arabtec. The market was also weighed by DIB and Dubai Investments.
By 12:25pm UAE time, the main index lost 0.5% or 16 points to reach 3,198.7 points.
Analysts pointed out earlier today that the UAE bourses continue to see cautious trading and lacklustre liquidity.
The investment sector was the biggest loser with a fall of 1.46% pressured by Dubai Investments (-1.46%) and DFM Company (-1.75%).
The real estate sector was off 0.59% after Emaar and Arabtec dropped by 1.01% and 0.88% in a row.
The banks sector slipped by 0.25% as DIB and Ajman Bank lost 0.16% and 3.5%, while Emirates NBD remained unchanged.
Meanwhile, the telecom sector was the sole gainer, with a rise of 1.4%, after du stock advanced to AED 5.070.
Traded volume amounted to 46.25 million shares, exchanged in 1,060 transactions at turnover reaching AED 49.14 million.
