By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew 12.7 points, or 0.42%, to close at 3,054.45 points on Sunday, encouraged by selective purchases.
The main reason behind today’s increase is the position exchanging transactions, especially those carried out on Emaar properties’ shares, senior financial analyst at Mena Corp Issam Kassabieh told Mubasher.
The consumer staples sector added 1.84% after DXB Entertainments increased by 2.01% to AED 0.405, while the real estate sector rose 0.58% after Arabtec Holding soared 5.9% to AED 2.33 and Damac Holding went up 1.65%.
The banks sector gained 0.44%, as Dubai Islamic Bank (DIB) increased 1.18% to AED 5.13, while the investment sector grew 0.28%.
The telecommunication sector and its only stock, du, levelled up each.
The DFM’s trading volume reached 117.76 million shares, while the market’s liquidity hit AED 186.41 million.
Arabtec Holding topped the DFM in terms of both volume and value, with 25.24 million traded shares and a turnover of AED 57.65 million.
Translated by: Muhammad Khalid
