Dubai – Mubasher: The Dubai Financial Market (DFM) ended Monday, the last trading session in August, in the red, although losses were reduced towards the end of the session backed by positive performance for Emaar Properties and Dubai Islamic Bank (DIB).

The DFMGI shed 0.73% or 27 points and closed at 3,662.56 points. Turnover retreated on Monday to AED 513 million ($139.7 million) from AED 973 million ($265 million) on Sunday, while traded volume fell to 286.3 million shares against 665.6 million in the previous session.

Earlier today, the benchmark index slid 1.74% following negative performance in its leading stocks, led by Emaar, Arabtec, DIB and Dubai Investments (DI).

The transport sector led losers, falling 2.7% as Air Arabia and Aramex were both down by 2.74%, while the investment sector retreated 2.13% as DI shed 2.4%, while SHUAA Capital plunged 7.2%, ranking second biggest loser.

The telecom sector slipped 0.2% as du saw a similar decline to AED 5.100, while the banking sector lost 0.87% as Emirates NBD dropped 2.66%, whereas DIB gained 0.57%.

On the other hand, the real estate sector edged up 0.06%, backed by Emaar, which added 0.75%, whereas Arabtec was down 1.5%.

Analysts told Mubasher earlier today that UAE markets are expected to see cautious trading on Monday, the last trading session in August, amid anticipation regarding global markets and oil prices after the weekend.