Dubai bourse logs losses at open

Dubai-Mubasher: Dubai Financial Market (DFM) opened in the red on Sunday due to a downtrend in leading stocks.

The general index fell 0.75% or 25.02 points to reach 3,293.61 points by 10:46am UAE time

The UAE stock markets will continue to see profit-taking on Sunday and Monday amid a downtrend in oil and global stock markets, analysts earlier told Mubasher.

The consumer staples sector was the biggest drag with a 2.11% decline after Dubai Parks and Resorts lost 2.19%.

The real estate sector retreated 1.21% as Emaar Properties slid 1.67%.

The investment sector levelled down 0.61%, nudged down by Gulf General Investments Co. (GGICO) which decreased 1.87%.

The services sector lost 0.26% after du went down 1.42%.

The banks sector retreated 0.23% as Amlak Finance fell 0.61%.

Turnover amounted to AED 73.75 million after 68.2 million shares were trading through 937 transactions. 

Mubasher Contribution Time: 27-Mar-2016 07:23 (GMT)