By: Mahmoud Gamal
Dubai-Mubasher: The Dubai Financial Market (DFM) maintained its early gains amid the increase of positions in blue chips, according to a bourse statement.
The DFMGI went up 0.42% or 14.07 to reach 3,385.29 points at close.
The telecom sector topped gainers with a 1.4% rise as du closed higher, while the transportation sector advanced 1.17% after Air Arabia levelled up 1.53%.
The investment sector gained 0.75% due to an increase in DFM Company by 1.6%.
The real estate sector recovered 0.75%, backed by the growth of Arabtec Holding and Emaar Properties by 5.6% and 0.32% respectively.
Portfolio investors tended to increase their positions in blue chips, in line with the recovery of global oil and stock markets, pushing the market up at close, UAE markets analyst Mohammed Al Hosni said.
The banks sector led losers after falling 0.4% as Dubai Islamic Bank (DIB) retreated 0.37%.
Trading volume reached 274.58 million shares on Sunday, compared to 163.61 million shares last Monday. Turnover stood at AED 385.98 million, compared to AED 274.76 million.
The market is expected to maintain its gains on Monday as the main index is approaching 3,415 points, the analyst said, adding that the analyst should increase their positions.
Translated by: Julian Nabil
