Dubai – Mubasher: The Dubai Financial Market (DFM) has resumed the bearish trend on Sunday as some of the blue-chip stocks saw a wave of profit-taking.
By the end of Sunday’s trading session, the DFM’s general index tumbled 19.13 points, or 0.72%, to 2,639.75 points.
Market capitalisation lost AED 2.2 billion and closed the session at AED 351 billion.
The consumer goods sector led losers with a 2.12% decrease, dragged down by DXB Entertainments that fell by 2.5% to AED 0.192.
The services sectors shed 2% as Amanat fell by 2.93% to AED 0.960, while the investment sector went down 1.64% as Dubai investment slid 2.34%.
Similarly, the real estate sector dipped 1.53% after Union Properties, Emaar Properties, and Emaar Development fell 3.77%, 1.56%, and 1.47%, respectively.
On the other hand, the insurance, banks, transport sectors rose by 1.03%, 0.23%, and 0.19%, respectively.
Shuaa Capital’s stock, up 5.43%, has resumed the positive performance ahead of the merger with ADFG.
Trading volume amounted to nearly 88.15 million shares exchanged through 2,242 transactions at a turnover of AED 108.25 million.
