By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) ended Thursday’s volatile session in the green zone.
The DFMGI rose 0.62% or 55.65 points to reach 3,701.46 points.
The market saw fluctuations on Thursday due to speculations on some stocks, Jamal Ajaj, director of Al Sharhan Shares Centre in Abu Dhabi, told Mubasher.
The consumer staples sector topped gainers with a 4.7% rise as DXB Entertainments went up 5.3%.
The services sector levelled up 3.8% as Amanat Holdings added 3.85%.
The real estate sector grew 1.14% after Arabtec Holding and Emaar Properties went up 2.24% and 1.5% respectively.
The transportation sector levelled up 0.8% as Air Arabia climbed 1.45%.
The investment sector added 0.62% due to a rise in DFM Company by 0.76%.
On the other hand, the banks sector fell 0.9% as Mashreq Bank retreated 10%.
Traders should be cautious and do not exit their investments when the market falls as it is expected to improve in line with the annual financial announcements, Ajaj added.
Closure of the main index above 3,700 points is a positive signal, technical analyst Mohammed Al Shammari said.
Translated by: Julian Nabil
