Dubai – Mubasher: Dubai Financial Market (DFM) sagged on Sunday, continuing its slide to the fifth successive day amid lackluster trading activity.
The main index, or DFMGI, fell by as much as 1.19% - its biggest loss in nine successive sessions – or 39.57 points to close at 3,279.16 points.
Today’s traded volume declined to 261.41 million shares, from 441.26 million shares exchanged Thursday. Traded value also fell to AED 286.76 million, down from AED 479.72 million.
The consumer staples sector was the biggest drag, falling 4.93% due to Dubai Parks that was off 5.11% after the company announced considering a capital increase to finance a new project.
The real estate sector fell by 1.69% dragged by Arabtec and Emaar Properties that lost 2.44% and 2.17% respectively.
The insurance sector was the sole gainer, rising 1.12%, backed by Salama that gained 3.26%.
