By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance for the second session on Wednesday, backed by the rise of investment and real estate sectors.
The DFMGI rose 0.15% or 5.09 points to reach 3,438.83 points.
Trading volume stood at 217.81 million shares on Wednesday, compared to 235.78 million shares on Tuesday. Turnover amounted to AED 310.58 million, compared to AED 336.39 million.
The consumer staples sector led risers with a 1.73% increase as Marka went up 8%. The investment sector added 0.6% after SHUAA Capital and Dubai Investments went up 1.88% and 0.46%, respectively.
The real estate sector grew 0.41% after Arabtec Holding, and Drake & Scull International (DSI) increased 4.17% and 2.04%, respectively.
The market’s positive sentiment continued on Wednesday amid the rise of global stocks and a positive outlook for first-quarter financials, according to capital market analyst Amer Al Mohannadi.
The DFMGI’s closure above 3,430 points is a positive signal, Al Mohannadi said, adding that the index will reach 4,520 points if it moves above 3,450 points.
