Dubai-Mubasher: The UAE stock markets saw a bearish performance in Thursday’s early trades amid declines in leading sectors.
Dubai Financial Market (DFM) lost 1.08% or 33.06 points to reach 3,028.23 points by 11:30am UAE time.
Abu Dhabi Securities Exchange (ADX) retreated 0.05% or 2.04 points to reach 4,102.49 points.
In Dubai market, the consumer staples sector led losers after falling 1.7%, followed by the telecom, real estate and banks sectors as they slid 1.197%, 1.17% and 0.76%, respectively.
Commercial Bank of Dubai (CBD) was the worst performer after dropping 9.7%, followed by Arabtec Holding, Emaar Malls Group and Dubai Investments at 1.76%, 1.6% and 1.18% in a row.
Turnover reached AED 177.24 million after trading 108.18 million shares through 2,217 transactions.
As for Abu Dhabi market, the investments sector slid 2.8%, followed by the banks and real estate sector at 0.58% and 0.22%, respectively.
On the flipside, the telecom and industrial sector increased 0.62% and 0.12% in a row.
Waha Capital topped losers with a 2.9% decline, followed by First Gulf Bank (FGB) and Aldar Properties which dipped 0.43% and 0.42%, respectively.
The market saw trading of 194.63 million shares through 1,273 transactions, generating AED 157.96 million.
