The Dubai Financial Market (DFM) finished Monday’s trading session in the red after its benchmark index fell 14.84 points, or 0.53%, to 2,802.88 points, pressured by profit-taking deals on some blue-chip stocks led by Emaar Properties.
The DFM’s trading volume stood at 63.21 million shares on Monday, down from 152.18 million on Sunday, while liquidity fell to AED 92.50 million, from AED 169.02 million.
The real estate sector led losers with 2.2% as Emaar Properties’ stock decreased 2.71% to AED 5.02, followed by Emaar Malls’ stock with 2.6% to close at AED 4.25, and Damac Properties’ stock with 1.91% to AED 2.06.
The transportation sector fell 1.27% after Aramex’s stock declined 2.30% to AED 4.25, while Gulf Navigation Holding’s stock inched down 0.9% to AED 1.1.
The consumer staples sector shed 0.77% as Dubai Refreshments’ stock dropped 6.25% to AED 7.5, while the insurance sector levelled down 0.59% after the stock of Dar Al Takaful decreased 1.7% to AED 0.580.
The investment and financial services sector edged down 0.04% as the Dubai Financial Market Company’s (DFM Company) stock went down 0.45%, finishing at AED 0.895.
On the other hand, the telecommunication sector and its only stock, Emirates Integrated Telecommunications Company (Du), rose 1.4% each.
The services sector added 0.72% as Amanat Holdings’ stock rose 1.82% to AED 1.12, while the banks sector grew 0.60% after the heavyweight Emirates NBD’s stock went up 1.31% to AED 9.30.