The Dubai Financial Market (DFM) ended Monday on a low note, falling to the red following jittery performance throughout the session amid negative performance by the real estate sector, particularly Arabtec Holding, whereas Emaar Properties’ share ended in the green amid anticipation of the Company’s ordinary general meeting (OGM), which is set to approve an AED nine billion special cash dividend distribution.

The market’s benchmark index inched down by 0.09%, shedding 4.37 points and closing at 4625.76 points, thus maintaining its position above the level of 4600 points.

Market experts and analysts had anticipated continued positive performance for UAE markets during Monday’s session supported by awaiting Emaar’s OGM, which will tackle the largest cash dividend distribution in the UAE. They did not exclude profit-taking.

Commenting on the DFM’s performance on Monday, UAE market analyst Nasser Aref said that the market saw calm trading amid anticipation of Emaar’s OGM. The state of anticipation in the market is due to the lack of clarity regarding the dividend distribution, Aref told Mubasher in a statement, adding that investors are wondering if the distribution will be done on one installment or on several.

The real estate sector retreated by 0.21% following Arabtec dropping 1.75% to AED 3.930. Emaar Properties gained 0.44% to AED 11.350.