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Selling pressures weigh on DFM on Tuesday

Selling pressures weigh on DFM on Tuesday
The DFM’s general index tumbled 15.35 points

Dubai – Mubasher: The Dubai Financial Market (DFM) has seen a bearish trend on Tuesday amid selling pressures in blue-chip stocks.

The DFM’s general index tumbled 15.35 points, or 0.54%, to 2,823.86 points.

Trading volume amounted to 413.59 million shares that were exchanged through 4,647 transactions at a turnover of AED 306.50 million.

Market capitalisation shed AED 836 million and closed the session at AED 372.64 billion.

The consumer staples sector fell by 5.25%, followed by the real estate sector that decreased by 1.42%.

Similarly, the investment and financial services sector went down by 0.85%, the services sector shed 0.84%, and the banks sector slid 0.45%.

Union Properties’ stock led the losers with 7.18%, while Al Madina for Finance’s stock headed the winners with 5%.

Deyaar Development was the most heavily traded stock with 143.98 million shares traded at a turnover of AED 59.55 million.