Dubai – Mubasher: The benchmark of Dubai Financial Market (DFM) has maintained its upward performance after gaining 1.02% or 23.43 points to end Tuesday's trading session at 2,304.50 points, achieving the highest level in five months since the coronavirus (COVID-19) outbreak.
A total of 357.84 million shares were traded through 6,556 transactions valued at AED 410.47 million.
The market cap value increased by around AED 2.18 billion to AED 319.42 billion, compared to AED 317.24 billion during the previous session.
The investment and financial services sector led the gainers with 1.99%.
Ekttitab Holding came on top of the green zone with 11.46%, while Arabtec Holding headed the red zone with 4.91%.
Arabtec Holding posted the highest trading volume of 70.59 million shares, while Emirates NBD recorded the highest turnover of AED 91.19 million.
Dubai Investments topped the rising blue chips with 2.5%, while DXB Entertainments led the losing blue chips with 1.62%.
Commenting on the DFM's performance, the Vice President of Investment Strategy and Research at Kamco Invest, Raed Diab, told Mubasher that the UAE markets continue to witness positive performance amid optimism about the ability of companies and banks to recover and turn to profitability during the second half (H2) of 2020.
Diab added that mergers to form larger entities and listings of investment funds are forecast to be seen in the upcoming period, which would help in attracting new investments.
