Dubai-Mubasher: Dubai Financial Market (DFM) snapped a two-day decline, boosted by Arabtec, Dubai Islamic Bank and Dubai Investments.
The index rose 0.89% or nearly 28 points to close Monday at the 3,174.27 level.
The local markets will take some time to restore investor confidence after its recent declines, analysts told Mubasher.
Turnover reached AED 500.6 million ($136.3 million), compared with AED 417.6 million ($113.7 million) on Sunday. Traded volume increased to nearly 406 million shares from 334.2 million shares.
The investment sector was the best performer with a rise of 3.3%, fuelled by Dubai Investments which gained 3.6% and Dubai Financial Market which was up 2.8%.
The telecom sector jumped 2.04%, boosted by du which climbed by the same percentage to AED 5.
The banking sector also ended 0.83% higher on Dubai Islamic Bank and Emirates NBD which added 0.86% and 1.74%, respectively.
The real estate sector tailed the list with a gain of 0.6% as Arabtec soared 8.4%. Meanwhile, Emaar declined 0.85%.
The commodities sector led decliners with a loss of 0.76%.
Translated by Abdul Maguid Aboshahla
