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DFM closes Sunday in red zone

DFM closes Sunday in red zone
The banks sector topped the decliners

Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) decreased by 0.83% or 16.39 points to settle at 1,945.09 points by the end of Sunday's trading session, keeping its downward performance for the second session in a row.

The market cap value registered AED 283.49 billion by the end of May's last session, down AED 1.53 billion from AED 285.02 billion during the previous session.

Around 172.53 million shares were traded through 2,694 transactions at a total value of AED 146.91 million.

The banks' sector topped the decliners with 1.16%, while the services segment led the risers with 1.78%.

Union Properties topped 21 losing stocks with 4.98%, while Al Salam Group Holding headed seven rising stocks with 2.80%.

Union Properties posted the highest trading volume of 83.95 million shares, while Emaar Properties, up 0.40%, recorded the highest turnover of AED 29.16 million.

Arabtec Holding led the losing blue chips with 4.41%.