Dubai – Mubasher: Dubai Financial Market (DFM) opened Tuesday in red on pressures from leading shares in the real estate, telecom and banking sectors.
The benchmark index dropped to the level of 3,237.2 points, after losing 0.55% or 18 points.
The transportation sector led the decliners with 1.75% down, as Aramex topped the losers in early trade with a 4.85% decrease, and also Gulf Navigation Holding fell by 0.41%.
The investment sector came second after shedding 1.06%, hurt by a fall in Dubai Investment.
The real estate losses were 0.72%, as Emaar and Arabtec dropped by 1.3% and 0.86%, respectively. Also, the telecom sector plummeted by 0.4%, driven by a fall of the same percentage in Emirates Integrated Telecommunications Company (du).
Banks was the least decline among sectors with a slight fall of 0.08, as Dubai Islamic Bank moved 0.16% down.
Trading volume reached about 28 million shares exchanged in 461 trades, making a trading value of AED 30 million.
DFM closed Monday with a loss, as it was affected by the negative performance of the real estate and banking sector, amid a notable fall in liquidity.
