DFM down to 10-session low Sunday

DFM down to 10-session low Sunday
DXB Entertainments was the most active stock

Dubai – Mubasher: The Dubai Financial Market (DFM) suffered losses on Sunday, weighed down by the decline of leading sectors topped by real estate.

The DFMGI fell 0.86% or 31.44 points to reach 6,615.89 points; its lowest level in ten sessions.

The real estate sector went down 1.26% as Union Properties (UP), Arabtec Holding, Deyyar Development, Emaar Properties, Damac Properties, and Emaar Malls retreated 3.07%, 2.62%, 1.51%, 1.19%, 1.01%, and 0.41%, respectively.

The banks sector slid 0.55% after Emirates Islamic Bank (EIB), Dubai Islamic Bank (DIB), and Emirates NBD tumbled 0.83%, 0.65%, and 0.37%, respectively.

Turnover amounted to AED 131.38 million after trading 98.83 million shares through 2,060 transactions.

DXB Entertainments was the most active stock after trading 11.08 million shares, while Arabtec was the value leader after generating AED 13.78 million.

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Source: Mubasher

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