By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index rose 7.8 points, or 0.25%, to close at 3,083.73 points on Tuesday on the back of the accumulations on some blue chips.
Despite the positive prospect of the market’s performance, given the approved dividends and the preparation of Expo 2020 Dubai, investors are still worried and full of anticipation, vice president of Investment Research at KAMCO Raed Diab told Mubasher.
The DFM needs more confidence and reasonability from investors, Diab added.
The banks sector added 1.06% after Dubai Islamic Bank (DIB) grew 2.43% to AED 5.48, while the consumer staples sector gained 0.18%, as DXB Entertainment went up 0.23% to AED 0.439.
The real estate sector rose 0.11% after Emaar Properties levelled up 1.25% to AED 5.66 and Emaar Malls increased by 0.48% to AED 0.87.
On the negative side, the transportation sector shed 1.15%, as Aramex dropped 3.26% to AED 4.16, while the investment sector lost 0.2% after Gulf General Investment plunged 9.8%.
The DFM’s trading volume shrank to 114.31 million shares from 126.99 million on Monday, while the market’s liquidity decreased to AED 200.57 million versus AED 214.46 million in the previous session.
Air Arabia topped the DFM in terms of volume, with 20.84 million traded shares, while Emaar Properties led the market in terms of liquidity, with a turnover of AED 24.87 million.
Translated by: Muhammad Khalid
