Dubai – Mubasher: The Dubai Financial Market (DFM) returned into the red at the close of Tuesday’s session, shrugging off its earlier gains on the back of pressure from Dubai Islamic Bank (DIB) and Arabtec Holding as well du and Dubai Investments (DI).

The DFMGI lost 0.2% or 8.15 points and closed at 4,059.52 points. Liquidity was slightly improved as 229.2 million shares were traded compared to 266.74 million shares yesterday, at a turnover of AED 382.35 million against AED 369 million.

The DFMGI registered a rise of 0.24% during the mid-session amid backing from real estate and investment stocks.

UAE markets are currently suffering low liquidity, resulting in fluctuations that control the markets, analysts told Mubasher.

The services sector led fallers, losing 1.7% as Amanat Holdings retreated 1.9%, whereas Tabreed added 1.32%. The telecom sector and its stock du shed 0.6% as the telecom reached AED 5.050.

The investment sector fell 0.52% as DI and DFM Company lost 0.34% and 1.03%, respectively.

The banking sector fell 0.32% as DIB lost 0.3%, whereas Emirates NBD gained 1.02%.

The real estate sector was the least loser, shedding 0.15% as Arabtec dropped 0.84%, whereas Emaar Properties gained 0.5%.

The consumer staples sector led risers, adding 1.53% on the back of Marka, which rose 5.7% and topped rising stocks amid upcoming new acquisitions.