The Dubai Financial Market’s (DFM) general index lost 39.27 points, or 1.27%, to 3,042.82 points at the end of the week on the back of selling pressure.
Over the week, the DFM’s trading volume reached 493.26 million shares, while the market’s liquidity hit AED 806.53 million.
The investment sector dropped 6.8%, as Dubai Investments tumbled 8.09% to AED 1.93.
The real estate sector declined 2.25%, as Emaar Properties sank 1.24% to AED 5.57 and Arabtec Holding fell 1.9% to AED 2.1.
On the other hand, the banks sector added 1.2% after Dubai Islamic Bank (DIB) went up 0.27% to AED 3.76.
The UAE markets’ trading volumes and values decreased over the week, which could continue to the next week despite the attractive prices of listed securities, member of UK’s Society of Technical Analysts Osama Al Ashry told Mubasher.
Investors should trade cautiously and take more time before closing any new deals, he added.