Dubai – Mubasher: Dubai Financial Market (DFM) ended Sunday’s session with the biggest losses year-to-date, while sectors were collectively in red, amid strong liquidity.

The benchmark index DFMI shut 6.96% or 258.36 points lower at 3,451.48 points; its lowest level since the end of March.

Meanwhile, the market liquidity rose to AED 780.17 million ($212.4 million), up from AED 601.2 million ($163.7 million) on Thursday.

Traded volume also increased to 425.6 million, from 306.75 million shares.

The UAE bourses are negatively impacted by global economic indicators, mainly slower growth in China and Japan economies, in addition to contradicting data about the US economy, analysts said.

The investment sector was the biggest loser, with a plunge of 9.76% dragged by all of its constituent stocks, mainly Dubai Investments that tumbled 10%.

Similarly, the real estate sector fell by 8%, after Arabtec and Emaar dropped by 9.6% and 8.3% respectively.

The banks sector lost 4.75%, pressured mainly by DIB that fell 5.6%. Emirates NBD and Amlak were also in red.

The telecoms sector sagged 7.4%, after du stock saw the same decline to AED 4.880.

As for stocks, Dubai Investments, Amlak and Union Properties were the biggest drags, with a loss of 10% each.

On the flipside, Arabian Scandinavian was the sole gainer, with a jump of 14.6%, while CBD, Dubai Insurance were unchanged.