Dubai-Mubasher: Dubai Financial Market (DFM) closed in the red on Monday for the second session in a row, weighed mainly by the real estate stocks led by Arabtec Holding and Emaar Properties.
The main gauge closed at 3,104.17 points, losing 70.2 points or 2.2%; the highest loss since mid-November.
Turnover rose to AED 312.16 million ($85 million) on Monday from AED 236.2 million ($64.3 million) on Sunday.
Similarly, trading volume increased to 181.4 million shares from 152.25 million shares.
The real estate sector led losers after falling 3.7%, weighed by Emaar and Arabtec which slumped 4% and 2.78%, respectively.
The banks sector also retreated 1.94% as Dubai Islamic Bank and Emirates NBD slid 3.4% and 0.12% in a row.
The investment sector lost 1.9% due to a decline in Dubai Investments and DFM Company by 1.5% and 4.24%, respectively.
On the other hand, the industrial sector rose 5.85% after National Cement increased to reach AED 3.4.
The telecom sector remained unchanged.
