By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index added 22.8 points, or 0.77%, to close the week on 2,948.8 points on the back of the selective purchases of several blue chips.
Investors’ reluctance to sell their shares will come in handy when listed companies report positive results, Al Safwa Mubasher’s CEO Ehab Rashad said.
The UAE's bourses should attract and list a variety of companies with a strong financial positions in order to protect their weight in global indices, Rashad added.
Over the week, the consumer staples sector grew 1.07%, as DXB Entertainment rose 1.2% to AED 0.335, while the banks sector went up 1.05% after Emirates NBD increased by 2.43%.
The real estate sector gained 0.42%, pushed up by Emaar Properties, whereas the investment sector levelled up 0.3%, as Shuaa Capital soared 4.85% to AED 1.08.
In contrast, the transportation sector shed 1.53% after Aramex lost 2.3% to AED 4.3 and Air Arabia went down 0.94% to AED 1.05.
The DFM’s trading volume reached 344.97 million shares, while the market’s liquidity amounted to AED 496.38 million.
Translated by: Muhammad Khalid
