By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance on Monday, backed by increased purchases of blue chips especially in the investment sector.
The DFMGI rose 0.74% or 24.52 points to reach 3,318.12 points.
The investment sector led gainers with a 3.3% rise as DFM Company and Dubai Investments went up 4.8% and 3.4%, respectively.
The transportation sector went up 3% after Aramex increased 3.9%.
The real estate sector rose 0.64% as Emaar Properties and Arabtec Holding added 0.42% and 0.27%, respectively.
Turnover amounted to AED 267.88 million on Monday, compared to AED 213.63 million on Sunday. Trading volume reached 222.51 million shares, compared to 167.44 million shares.
The market was backed by positive news like Drake and Scull International's (DSI) plan to repay its debts, Fady Al-Ghattis, CEO of Topsy Turvy, told Mubasher.
The main index stands at a level that is suitable for making purchases, Al-Ghattis added.
The DFM is expected to continue its rise in the coming session, he concluded.
Translated by: Julian Nabil
