By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) closed Thursday’s trading session with positive performance, pushed by selective purchasing transactions on blue-chip stocks including the banks, real estate, and investment sectors.
The DFM’s general index grew 0.65%, finishing the last session of the week at 2,631.27 points.
Turnover declined to AED 186.39 million on Thursday, compared to AED 234.73 million on Wednesday, while trading volume levelled down to 139.75 million shares against 124.33 million in the prior session.
The stocks of Dubai Islamic Bank (DIB) and Emaar Properties will play a significant role in the market’s recovery, CEO of MindCraft Consultants, Fadi El-Ghattis, told Mubasher.
By the end of the session, Damac Properties’s stock increased by 1.5%, while Air Arabia’s stock grew 1.07%.
The investment sector headed gainers with 0.52% as Dubai Investments and DFM Company levelled up 0.37% and 0.27%, respectively.
Meanwhile, the consumer staples sector topped losers after falling 4.4% followed by the telecommunication sector with 1.32%.
