By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a negative performance on Tuesday, pressured down by the fall of blue chips.
The general index declined 0.28% or 10.27 points to reach 3,647.87 points.
The real estate sector went down 0.71% as Damac Properties, Emaar Malls, Emaar Properties, and Union Properties fell 2.22%, 1.78%, 0.8%, 0.24%, and 0.11%, respectively.
The banks sector decreased 0.42% after Amlak Finance and Dubai Islamic Bank (DIB) retreated 1.75% and 0.81%, respectively.
Turnover amounted to AED 221.14 million after trading 160.47 million shares through 2,612 transactions.
Air Arabia was the most active stock after trading 58.37 million shares, with a turnover of AED 66.15 million.
Although the market slightly declined by the end of the trading session, the main index is somewhat coherent as investors are looking forward to pumping more investments, analyst Raed Diab said.
The DFMGI sees support at 3,625 points, he said, adding that the index will reach 3,740 points if it manages to break above its resistance at 3,680 points.
Translated by: Julian Nabil
