Dubai-Mubasher: The UAE stock markets saw a negative performance in Wednesday’s early trades amid declines of real estate and banks sectors led by Emaar Properties, Dubai Islamic Bank (DIB), Aldar Properties and First Gulf Bank.

Dubai Financial Market (DFM) declined 0.7% or 21.49 points to reach 3,043.32 points by 11:00am UAE time.

Similarly, Abu Dhabi Securities Exchange (ADX) fell 0.21% or 8.4 points to reach 4,053.66 points.

In Dubai market, the real estate sector led losers after falling 0.99%, followed by the banks and services sectors at 0.77% and 0.7% in a row.

Emaar Malls Group was the top loser after declining 2%, while Emaar Properties came in second as it lost 1.07%, followed by Emirates NBD, Arabtec Holding and Dubai Islamic Bank (DIB) which dived  1.35%, 0.88% and 0.68% in a row.

Trading volume reached 87.87 million shares exchanged through 1,739 transactions, generating AED 130.9 transactions.

As for ADX, the general index declined 2.3%, followed by the energy, real estate and banks sectors at 2.04%, 0.4% and 0.29% in a row. Meanwhile, the telecom sector was the only gainer by adding 0.31%.

Gulf Pharmaceutical Industries was the worst performer after declining 8%, while Dana Gas, Aldar Properties and First Gulf Bank slid 1.9%, 0.8% and 0.4%, respectively.

The market saw trading of 99.87 million shares through 618 transactions, with trading value of AED 65.62 million.