By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market (DFM) closed Monday’s session in red, pressured by the real estate, banks, and investment sectors.

The general index fell for the fourth day in row by0.86% or 30.9 points to 3,569.42 points.

Sales of leading stocks to make profits affected the market indices negatively and pressured them to fall, financial analyst at Menacorp Issam Kassabieh said.

The UAE markets have been on standby with no real catalysts, Kassabieh said, noting that investors are waiting for companies financial results, which will change the indices direction.

The leading stocks, Emaar and Dana Gas, have been pressuring the current decline for many sessions, Kassabieh noted.

In the last minutes of Monday’s session, some purchases helped in reducing the market losses; however, the current liquidity levels indicate that investors are keeping their money to participate in the coming Emaar’s public offering, Kassabieh added.

The real estate sector led the losers, with 1.2%, weighed down by Emaar with 1.7%.

Drake and Scull also slid 1.6%, in line with the announcement of management changes.

Translated by: Mohammad Shokhba