Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 22.91 points, or 0.81%, to close at 2,817.98 points on Wednesday, its eighth successive decline on profit-taking.

This decline is the result of the selling pressure from investment portfolios, which is not unexpected at this time of the year, CEO of NamaaZone Research Iyad Aref told Mubasher.

The DFM is expected to return to the green territory when markets become more stable and shrug the negative effects of the Turkish crisis, he added.

The transportation sector went down 1.43%, as Aramex lost 2.25% to AED 4.35, while the real estate sector sank 1.13% after Drake and Scull International (DSI) dropped 4.2% to AED 0.457 and Emaar Properties fell 1.6% to AED 5.02.

The telecommunication sector and its only stock, du, levelled down 0.97% each.

The banks sector sank 0.6%, as Emirates NBD decreased by 2.3% to AED 8.99.

The DFM’s trading volume reached 96.96 million shares, while the market’s liquidity amounted to AED 123.82 million.