By: Mahmoud Gamal
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) edged up 0.15% or 4.85 points to reach 3,322.35 points on Tuesday.
The market’s liquidity shrank to AED 283.4 million from AED 508.2 million in Monday’s session, while the trading volume decreased to 354.35 million shares from 446.13 million.
The investment segment topped gainers with 3.34%, on the back of DFM Company which rose 5.56%. Meanwhile, the real estate sector led decliners with 0.6%, dragged by Emaar which lost 1.4%.
The fluctuations currently seen in UAE stock markets are normal in line with the anticipation for the consequences of the recent diplomatic situation with Qatar, capital market analyst Nawaf Al Ajami said.
The upward performance of Tuesday’s session confirms that the UAE stock markets are still a haven for portfolios, the analyst added.
He noted that this state of fluctuation is expected to last in the coming sessions due to a lack in catalysts; the DFM will regain stability once the benchmark index breaks the 3,380-point level.
