Dubai-Mubasher: Dubai Financial Market (DFM) saw a positive performance in Monday’s early trades amid a stronger real estate sector led by Union Properties.
The DFMGI rose 1.37% or 41.66 points to reach 3,079 points by 10:50am UAE time.
The real estate sector increased 2.26%, followed by the investment and banks sectors at 1.42% and 0.67%, respectively. Meanwhile, the telecom sector was the only loser after falling 0.67%.
Stock-wise, Union Properties rose 3.7%, followed by Emaar Malls (+3.6%), Emaar Properties (+1.84%), Dubai Investments (+1.75%) and Dubai Islamic Bank (+1.7%).
Trading volume reached 76.53 million shares after generating AED 91.2 million through 1,110 transactions.
Yesterday, the DFM settled in red, stifled by “expected” profit-taking on leading sectors.
