The Dubai Financial Market’s (DFM) general index lost 0.37% or 10 points to close at 2,714.83 points on Monday, dragged down by heavy-weighted stocks.
The real estate sector was the market’s top loser, lagging 1.38%. Emaar Properties fell 2.46% to AED 4.76 and Arabtec Holding shed by 2.10% to AED 1.86, while Drake & Scull International (DSI) and Emaar Malls dropped 1.78% and 0.5%, respectively.
The transport sector fell 0.91% after Gulf Navigation was down 2.70% to AED 1.08 and Air Arabia plummeted 0.9%.
The consumer staple’s sector dropped, pressured by DXB’s 0.28% decline to AED 0.353, while the investment sector was down 0.16% after the DFM Company lost 1.02% to AED 0.870.
On the other hand, the services sector gained 1.59% after Tabreed jumped 3.68% to AED 1.690.
The insurance sector was up 0.45% after Salama grew 0.86%, while the banks sector added 0.36% as Dubai Islamic Bank (DIB) gained 0.78%.
The DFM’s trading volume fell to 92.31 million shares on Monday from 103.84 million shares on Sunday, while turnover decreased to AED 143.66 million from AED 152.26 million.