The Dubai Financial Market declined by 2.26 percent during the week until it reached the level of 2214.32 points, compared to 2265.70 points last week, with a loss of 51.38 points.
The banking sector decreased by 0.9 percent, with Dubai Islamic falling by 2.1 percent.
The real estate sector also fell by 4.9 percent, under pressure from Emaar’s shares by about 6 percent during weekly trading, along with Emaar Development 18 percent, and Emaar Malls 2.7 percent.
The market value of Dubai’s shares reached 311.395 billion dirhams, compared to last week’s 315.82 billion dirhams, with losses of 4.43 billion dirhams.
While the general index of the Abu Dhabi Securities Market rose by 0.4 percent to 4,512.50 points, compared to last week’s level at 4,492.02 points, a gain of 20.48 points.
The market supported the rise in Etisalat shares by 1.7 percent, TAQA by 2.9 percent, Aldar Properties by 0.5 percent, and Abu Dhabi First by 0.1 percent.
Abu Dhabi shares won 6.08 billion dirhams, after recording the market value of 676.63 billion dirhams, compared to 670.55 billion dirhams last week.
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