Dubai: The Dubai Financial Market (DFM) finished Tuesday in red territory after its benchmark tumbled 10.85 points, or 0.38%, to 2,838.71 points, pressured by profit-taking transactions.

The investment and financial services sector fell 2.17% as Dubai Investments’ stock decreased 2.63% to AED 1.85, while the Dubai Financial Market Company’s (DFM Company) stock declined 1.07%, reaching AED 0.920.

The real estate sector levelled down 0.28% after the stocks of Emaar Development, Emaar Properties, Emaar Malls, and Arabtec Holding went down 1.33% to AED 5.21%, 1.17% to AED 0.06%, 1.07%, and 1.02%, respectively.

The insurance sector edged down 0.29% as Dar Al Takaful’s stock fell 2.79% to AED 0.628, while Islamic Arab Insurance Co’s (Salama) stock dropped 0.8% to AED 0.620.

The telecommunication sector and its only stock, Emirates Integrated Telecommunications Company (du), went down 0.2% each.

On the other hand, the consumer staples sector rose 6.27% after DXB Entertainments’ stock surged 6.94%, while the services sector inched up 0.5% as Amanat Holding’s stock grew 0.86%.

The transportation sector edged up 0.05% as Gulf Navigation Holding’s stock added 2.22%, reaching AED 0.920.

The DFM’s trading volume stood at 246.13 million shares, up from 182.58 million on Monday, while the market's liquidity decreased to AED 196.14 million, from AED 203.49 million.

Source: Mubasher

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