By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index gained 11.03 points, or 0.36%, to close at 3,094.4 points in a week on the back of selective buying and amid geopolitical tension.
The UAE’s markets performance in the last sessions were uncanny, Al-Sharhan Centre’s general manager Gamal Agag told Mubasher.
The main reason behind this trend is that investors’ morale was affected by the complex geopolitical situation and the regional tensions, Agaga added.
The DFM’s trading volume rose to 517.14 million shares from 475.81 million in the previous week, while the market’s liquidity grew to AED 905.15 million versus AED 837.7 million a week earlier.
The bank’s sector gained 1.3% after Dubai Islamic Bank (DIB) surged 3.01% to AED 5.46.
The real estate sector grew 0.77%, as Emaar Properties soared 4.12% to AED 5.81.
By contrast, the investment sector lost 1.7%, as Shuaa sank 2.9%, while the transportation sector fell 0.81% after Air Arabia levelled down 1.66% to AED 1.18.
Translated by: Muhammad Khalid
