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Real Estate stocks weigh on DFM Sunday

Real Estate stocks weigh on DFM Sunday
The real estate sector led the top losers with a 1.70% decrease

Dubai – Mubasher: The Dubai Financial Market (DFM) has closed Sunday’s trading session in red territory, dragged down by declining real estate stocks, mainly Emaar Properties.

By the end of today’s trading session, the DFM’s general index shed 7.88 points, or 0.30% to 2,581.80 points.

Trading volume amounted to nearly 74.129 million shares exchanged through 1,909 transactions at a turnover of AED 118.368 million.

The real estate sector led the top losers with a 1.70% decrease, followed by the investment and the consumer goods sectors which fell 1.18% and 1.81%, respectively.

Emaar Properties topped falling blue-chip stocks with 2.71%, followed by Damac and Arabtec which dipped 0.67% and 5.26%, respectively.

Market capitalisation recorded AED 345.077 billion, losing AED 516 million from AED 345.593 billion last week.