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.
Opened at a high of 1,680 points, the DFM Index fell 9.28 points to 1,672.95 at 11.55 am, or 0.55 per cent, with all sectors pulling the market down.
Out of 20 stocks being traded, only two have managed to advance.
Depressed investor 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.