DFM, ADX slip on weak global cues

Lack of catalysts seems to be weighing upon trading at Dubai Financial Market (DFM) on Sunday, as the market is down by almost half-a-percentage point.

At 11.30am, the benchmark index was at 1,674.02, down 8.21 points or 0.49 per cent, with all sectors pulling the market down.

Out of 19 stocks being traded, only two have managed to advance. Depressed investors' sentiments seem to be getting swayed by bearish performance of the Asia-Pacific and European markets when they closed on Friday. All Asia Pacific as well as European indices had slipped on Friday, except Straits Times.

Abu Dhabi Securities Exchange (ADX) is also trading low. At 11.40am, the index was down 4.13 points at 2,752.76.