By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general market lost 39.27 points, or 1.27%, to close at 3,042.82 points at the end of the week on the back of selling pressure.

Over the week, the DFM’s trading volume increased to 493.26 million shares, compared to 409.32 million in the previous week, while the market’s liquidity went up to AED 806.53 million versus AED 714.87 million a week earlier.

The investment sector dropped 6.8% after Dubai Investments plunged 8.09% to AED 1.93.

The real estate sector shed 2.25% as Emaar Properties declined 1.24% to AED 5.57 and Arabtec Holding sank 1.9% to AED 2.1.

On the other hand, the banks sector grew 1.2% after Dubai Islamic Bank (DIB) added 0.27% to AED 3.76, while the transportation sector added 1.29%, as Aramex rose 0.98%.

UAE market indices were negative during the week, while turnover was low, which led to a decline at the end of the week, member of the UK's Society of Technical Analysts Osama Al Ashry commented.

The next week will not be any better despite the attractiveness of stock prices, therefore, careful trading is highly advisable, the analyst told Mubasher.

Translated by: Muhammad Khalid