By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 12.31 points, or 0.4%, to close at 3,082.09 points on the back of selling pressure at the end of the week.

The DFM’s trading volume shrank to 409.32 million shares from 517.14 million in the previous week, while the market’s liquidity dropped to AED 714.87 million versus AED 905.15 million a week earlier.

The real estate sector decreased by 1.4% after Emaar Properties tumbled 2.9% to AED 5.64.

The transportation sector went down 0.26%, as Aramex lost 2.4% to AED 4.05.

On the other hand, the investment sector rose 1.5% after Dubai Investments grew 1.9% to AED 2.1, while the DFM Company added 0.2% to AED 0.2.

The banks sector went up 0.16% after Emirates NBD increased by 1.47%.

The UAE’s markets have seen negative performance over the week, amid a shortage of both liquidity and trading volume, Osama Al Ashry, a member of UK’s Society of Technical Analysts said.

The DFMGI is expected to go down in the coming week, Al Ashry added, noting that investors should be careful for the time being unless the index grew and targeted nearest resistance levels at least. 

Translated by: Muhammad Khalid