Dubai – Mubasher: The Dubai Financial Market's (DFM) general index fell in Sunday's early trades, weighed by the banks and telecom sectors.
By 10:51 UAE time, the DFMGI fell 0.15% to 2,801 points, shrugging off analysts' forecast of a rise this week.
The telecom sector led losers, falling 0.39%, followed closely by the banks sector, which tumbled 0.34%, while the real estate sector shed 0.22%.
On the other hand, the consumer staples, insurance, and investment sector traded higher, adding 1.77%, 0.08%, and 0.07%, respectively.
Gulf General Investment Co. (GGICO) led fallers, losing 2.44%, while Dubai Islamic Bank (DIB) decreased 0.76%.
Meanwhile, DXB and Ajman Bank led the gainers, rising 1.96% and 1.10%, respectively.
Turnover on the DFM amounted to AED 16.10 million after 13.93 million shares were traded through 318 transactions.
Emaar Properties' stock was the most active on the DFM, registering a turnover of AED 3.89 million after 750,000 shares were exchanged.
Last week, UAE stocks added AED 14 billion in market capitalisation, with the DFM surging 2.51%, while the Abu Dhabi Securities Exchange (ADX) grew 0.78%.
