By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Markets’ (DFM) general index shed 0.53% or 18.8 points to 3,512.33 points on Sunday.

The shutdown of the US government had a negative impact on the investors’ morale, financial analyst at Mena Corp Issam Kassabieh told Mubasher.

The expected loss on the American stock markets could wear off the disclosure' positive effect on the market, Kassabieh added.

The consumer staples sector dropped 1.4%, leading the market’s losers after DXB Entertainments tumbled 1.5% to AED 0.637.

The real estate sector fell 1.09%, as Emaar Malls and Arabtec Holding shed 2.5% and 1.9%, respectively.

The insurance sector declined 0.45% after Salama decreased 1.3% to AED 0.538.

The investment sector lost 0.35%, as Gulf General Investment and Dubai Investments went down 2% to AED 0.932 and 0.4% to AED 2.52, respectively.

On the other hand, Union Properties upped 0.4% to AED 0.994, with a turnover of AED 18.38 million and a trading volume of 18.45 million shares.

The DFM’s trading volume dropped 54% to 152.4 million shares from 330.6 million on Thursday, while the market’s liquidity nearly halved to AED 277.38 million, compared to AED 562.33 million in the previous session.

Translated by: Muhammad Khalid