By: Mahmoud Gamal
Dubai-Mubasher: The Dubai Financial Market (DFM) ended the volatile trading session in the green on Thursday.
The main index rose 0.04% or 1.35 points to reach 3,519.22 points.
The main index managed to rebound despite traders’ anxiety over fluctuations of global markets before Eid-al-Adha holiday, according to UAE markets analyst Mohamed Al Hosni.
Stability of the main index above 3,515 points is a positive signal, Al Hosni added.
The investment sector topped gainers with a 1.1% rise, backed by Dubai Investments and DFM Company which grew 0.94% and 0.75% respectively.
The real estate sector advanced 0.39% as Emaar Malls Group, Arabtec Holding and Emaar Properties increased 0.72%, 0.67% and 0.56% respectively.
Trading volume reached 221.92 million shares on Thursday, compared to 309.79 million shares on Wednesday. Turnover stood at AED 261.2 million, compared to AED 321.64 million.
Traders should distribute their portfolio investments among volatile and safer stocks during the period after the holiday till the announcements of Q3-16 financials start, Al Hosni noted.
Translated by: Julian Nabil
