By: Mahmoud Gamal
Abu Dhabi – Mubasher: The UAE stock markets saw noticeable selling pressures in Sunday’s early trades, amid the volatile performance of stocks.
The Dubai Financial Market (DFM) saw a negative performance, with its main index declining 0.01% to 3,623.97 points by 10:50 am UAE time.
The market saw trading of 27 million shares through 448 transactions.
The market is likely to start a normal correction wave this week to reach 3,600-3,550 points, Fady Al-Ghattis, CEO of Think Financial Studies, told Mubasher.
The market was weighed down by the fall of Drake and Scull International (DSI) by 1.04% to AED 0.38, in addition to the fall of Union Properties (UP), Arabtec Holding, Emaar Properties, and Damac Properties by 1.04%, 1%, 0.9%, and 0.35%, respectively.
The Abu Dhabi Securities Exchange (ADX) fell 0.17% to 4,486.03 points.
The ADX generated AED 8.32 million from the exchange of 4.51 million shares through 102 transactions.
RAK Properties fell 1.45%, while Aldar Properties retreated 1.3%.
Translated by: Julian Nabil
