By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a negative performance on Tuesday, ending the uptrend it maintained for seven successive sessions.
The general index fell 0.68% or 24.32 points to reach 3,578.14 points.
The market saw a volatile performance on Tuesday, backed by profit-taking on blue chips like Arabted Holding, and Drake and Scull International (DSI), according to technical analyst Mohamed Ismail.
The real estate sector led losers with a 1.4% decline, weighed down by Arabtec Holding, Union Properties, and DSI sank 1.4%, 1.14%, and 0.5%, respectively.
Some portfolio investors tended to decrease their positions in blue chips, while purchasing other stocks like Emaar Properties, Ismail added.
Emaar was one of the significant gainers after adding 1.25%, followed by Emaar Malls Group (EMG) and DFM Company which went up 1.2% and 0.82%, respectively.
Traders should focus on operational and attractive stocks, Ismail concluded.
Translated by: Julian Nabil
