The Dubai Financial Market (DFM) closed in the red on Tuesday, resuming Sunday’s losses. The market’s benchmark index fell 2.91% or 136.80 pts to 4571.90 pts.

Turnover was seen at AED 910.91 million as 383.9 million shares were traded, through 8072 transactions. Moreover, a total of 30 companies traded, of which 28 retreated, 1 gained and 1 remained unchanged.

Market performance was mostly in the red, led by the real estate and investment sectors, which dropped 3.95% and 3.19%, respectively.

Al Madina for Finance and Investment recorded the only gain of 0.54%. National General Insurance (NGI) topped losers, dropping 10%, followed by Gulf Navigation by 8.69%.

The real estate sector, which recorded the highest decline, saw Union Properties (UP) and Arabtec as third and fourth market decliners, falling 5.13% and 4.57%. The two stocks recorded significant trade volumes as 56.7 million shares were traded for Arabtec, while UP saw 52.1 million shares being traded. Gulf Finance House (GFH) topped traders in terms of volume as 78.6 million shares were traded.