By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index went up 0.65% to 2,631.27 points in a week on the back of the banking and consumer staples sectors.
The banking and consumer staples sectors went up after Emirates NBD, Ajman, and Ithmar Holding increased by 2.53%, 3.6%, and 14.8%, respectively.
The insurance sector rose 0.66%, as Dubai Insurance added 8.11%, while the transportation sector levelled up 0.21% after Gulf Navigation and Air Arabia gained 5.39% and 2.73%, respectively.
Over the week, the DFM’s trading volume reached 489.25 million shares, while the market’s liquidity hit AED 590.85 million.
The market is expected to stabilise in the coming week, with the release of a group of bluechips, financial analyst Gamal Agag told Mubasher.
Translated by: Muhammad Abdul-Wakeel
