By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) main index closed in the green on Tuesday for the second successive session pushed by some blue chips.
The main index rose 0.25% or 9 points to 3,570.20 points.
Dubai Investments led the DFM’s gainers, increasing 1.3% to AED 2.35, while GFH added 1.26% to AED 1.61.
The DFM Company’s Stock went up 0.9% to AED 1.11.
Meanwhile, in the real estate sector, Arabtec Holding and Emaar Properties grew 0.7% and 0.5%, respectively.
Dubai Islamic Bank (DIB) increased 0.66% to AED 0.614.
The DFM’s trading value decreased by 27.3% to AED 131.93 million, while the trading volume retreated 32% to 86.83 million shares compared to Monday.
Investors on the DFM are still trading cautiously due to lack of incentives, Wael Muhaisen, general manager at Global for Shares and Bonds, told Mubasher.
This cautious anticipation is likely to end next week as oil prices remain positive despite the ongoing price correction, the analyst added.
Investor fears are likely to fade next week once leading companies, such as Emaar, report their financial results, which are forecast to be positive, Muhaisen concluded.
Translated by: Muhammed AbdelWakeel
