Dubai-Mubasher: Dubai Financial Market (DFM) maintained its bullish performance in Thursday’s mid-session amid the rise of blue-chip stocks in the real estate and banks sectors.
The DFMGI rose 2.3% or 69.5 points to reach 3,055.4 points by 12:10pm UAE time.
The market saw trading of 242.25 million shares through 3,720 transactions, with turnover of AED 264 million.
The UAE markets are expected to continue their upward trend after the US Federal Reserve raised interest rates for first time since 2006, analysts told Mubasher.
The real estate sector increased 3.54% after Arabtec Holding and Emaar Properties levelled up 7.43% and 3.07%, respectively.
The investment sector advanced 2.88%, backed by Dubai Investments and DFM Company which gained 3.14% and 2.66% in a row.
The banks sector went up 1.62% due to a growth in Dubai Islamic Bank and Amlak Finance by 2.68% and 8.26%, respectively.
The telecom and industrial sectors stabilised at their previous levels.
