Transport stocks weigh on DFM early Sunday

Dubai – Mubasher: The Dubai Financial Market (DFM) opened Sunday’s trading session on a low note, dragged down by four sectors, led by transport.

By 11:20am UAE time, the general index slipped 0.05% or 1.88 points to 3,564.47 points.

The transport sector fell 0.42% after Gulf Navigation and Air Arabia lost 1.32% and 0.9%, respectively.

The insurance and telecommunications sector declined 0.83% each, after Dar Al Takaful and du dropped 2.04% and 0.84%, respectively.

In the meantime, turnover reached AED 100.11 million after 82.61 million shares changed hands through 1,259 transactions.

Earlier on Sunday, analysts advised traders to speculate cautiously on the two UAE markets.

Mubasher Contribution Time: 09-Apr-2017 07:32 (GMT)
Mubasher Last Update Time: 09-Apr-2017 07:41 (GMT)