Dubai-Mubasher: Dubai Financial Market (DFM) continued its negative performance this week.

The DFMGI levelled down 5.3% or 184.3 points to reach 3,307.61 points.

The market was weighed by the advent of dividend payments for some companies and fluctuation of oil prices, according to UAE markets analyst Mohammed Al Hosni.

Trading volume reached 1.18 billion shares this week, compared to 1.8 billion shares last week.

Turnover declined by AED 14.98 billion to AED 295.02 billion, down from AED 310 billion.

DFM saw correction as a result of constant profit-taking on blue chips, which reached its technical targets, Al Hosni added.

Stability of the general index above 3,300 points shows that it will maintain its uptrend in the coming period, he explained.

The investment sector led losers after declining 11.1%, weighed by Dubai Investments, and Dubai Parks and Resorts which slid 10.5% and 2.9% in a row.

The real estate sector retreated 7.23% as Union Properties, Arabtec Holding and Emaar Properties decreased 13%, 9.8% and 7.9%, respectively.

The banks sector went down 3% after Dubai Islamic Bank fell 4.26%.