By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew 1.41% to close at 3,097.38 points on Monday on the back of selective purchases.
The DFM shrugged off last month’s loss, pushed up blue chips, especially Arabtec Holding and Emaar Properties, Mubasher’s senior sales trader Mohab Maher commented.
The success of Dubai Islamic Bank’s (DIB) offering has boosted investors’ confidence in the UAE markets, which is expected to grow in the coming period, Maher added.
The real estate sector added 1.84% after Emaar Properties surged 4.13% to AED 5.8, while the investment sector rose 1.43%, as Dubai investment went up 1.87% to AED 2.18.
The telecommunication sector and its only stock, du, gained 0.82% each.
The banks sector inched up 0.071% after DIB rose 1.17% to AED 5.19.
The DFM’s trading volume reached 179.92 million shares, while the market’s liquidity hit AED 299.9 million.
Emaar properties led the market in terms of both trading volume and value, with 55.09 million shares and a turnover of AED 9.63 million.
Translated by: Muhammad Khalid
