By: Thabet Shehata
Dubai-Mubasher: Dubai Financial Market (DFM) ended the last week of 2015 in green for the third week in row, backed by the banks stocks led by Dubai Islamic Bank (DIB) and Emirates NBD.
The general index rose 0.44% or 13.68 points to reach 3,151 points this week.
The banks sector gained 0.71%, backed by Dubai Islamic Bank and Emirates NBD which levelled up 2.5% and 1.37%, respectively.
The services sector advanced 5.37% as Tabreed and Amanat Holding grew 11% and 3.25% in a row.
On the flipside, the real estate sector declined 0.36%, weighed by Emaar Properties and Arabtec Holding which retreated 0.81% and 0.18%, respectively.
Turnover declined to AED 3 billion this week, compared to AED 4.7 billion last week. Trading volume fell 31.6% to 1.85 billion shares from 2.7 billion shares.
Translated by: Julian Nabil
