Dubai – Mubasher: The Dubai Financial Market (DFM) closed Thursday lower on the back of profit-taking pressures on its blue chips after major banks began posting their financial results.

The DFMGI slipped 0.2% or 5.86 points and closed at 2,926.04 points. Turnover amounted to AED 169.44 million, a rise from AED 121.67 million on Wednesday, while volumes increased to 107.18 million traded shares versus 77.36 million shares.

The real estate sector led the DFM’s fallers, losing 0.87% after Damac Properties shed 1.4%, while Emaar Properties dropped 1.98% to AED 5.14.

The consumer staples sector and its stock DXB decreased 0.8% each, while the investment sector declined 0.70% after Dubai Investments tumbled 0.99% to AED 2, while the DFM Company was down 0.5%.

On the positive side, the transport sector grew 0.85% on the back of Air Arabia’s 1.89% rise to AED 1.08, while the banks sector added 0.3% as Emirates NBD grew 0.48% to AED 10.35 after its first-half results beat forecasts.