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DFM back to red on blue chips' slide

DFM back to red on blue chips' slide
Photo Credit: Arabianeye - Reuters

Dubai – Mubasher: Dubai Financial Market (DFM) resume its decline after a two-day bull run, as it was weighed by the tumble of major stocks namely Arabtec, Emaar, DIB and DI.

The benchmark index DFMGI shut 0.94% or 39.12 points lower at 4104.09 points.

Analysts earlier told Mubasher that the UAE bourse would continue their positive performance on Sunday as major companies continue to report their financial results.

Sunday’s traded volume amounted to 273.78 million shares, exchanged in 4,970 transactions at turnover reaching AED 419 million.

The services sector led decliners, shedding 2.13%, as it was hurt by Tabreed that sagged 2.7%.

The banks sector also went down 1.28% after DIB and Emirates NBD lost 0.53% and 1.9% respectively.

The real estate sector shed 0.64%, pressured by Arabtec and Emaar that lost 2.52% and 0.38% in a row.