By: Mahmoud Gamal

Dubai-Mubasher: Dubai Islamic Bank (DIB), Arabtec Holding and Emaar Properties accounted for 59% of Dubai Financial Market’s (DFM) liquidity by 11:00am UAE time.

DIB, which slid 1.18%, was the value leader after generating AED 11.48 million from the exchange of 2.27 million shares through 69 transactions.

Local markets saw selling of stocks which achieved high gains recently, amid the state of caution that controlled traders regarding the upcoming Brexit referendum, according to capital market analyst Mansour Al Shamsi.

Arabtec came second with a turnover of AED 8.42 million, declining 1.4%.

Moreover, Emaar saw a turnover of AED 3.73 million and decreased 0.8%.

Dubai bourse will confirm its downward trend if its index approaches 3,205-3,195 points, the analyst said, adding that the index should break 3,415-3,150 points to keep a positive performance.

Translated by: Julian Nabil