Dubai-Mubasher: Dubai Financial Market (DFM) saw a positive performance at close on Sunday amid selective purchases of blue chips in the real estate, banks and investment sectors.
The general index added 1.01% or 29.99 points to reach 3,011.47 points.
The Gulf and UAE markets are spurred by the oil price rise and positive financials announced on Sunday, said technical capital market analyst Mohamed Sonbol.
Turnover reached AED 345.25 million ($93.97 million) on Sunday, compared to AED 477.64 million ($130 million) on Thursday. Trading volume stood at 287.47 million shares, compared to 329.8 million shares.
The consumer staples sector advanced 3.5% after Dubai Parks and Resorts levelled up 3.67%.
The investment sector grew 1.45% as Dubai Investments recovered 1.86%.
The real estate sector went up 1.10% after Emaar Properties and Emaar Malls Group rose 1.68% and 1.63%, respectively.
The banks sector increased 0.68% as Dubai Islamic Bank and Emirates NBD gained 0.087% and 0.41% in a row.
The services sector inched up 0.59% as Tabreed closed 2.4% higher.
The DFMGI is maintaining its technical level above 3,000 points, reflecting a positive performance, added the analyst. Breaking this barrier, the index will likely move to 3,160, 3,200, 2,300 and 3,400 points, respectively.
