By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index gained 22.63 points, or 0.8%, to close at 2,861.16 points on Wednesday, encouraged by selective purchasing of blue chips.
The UAE markets have returned to gains and begin to recover from the ailing private equity firm Abraaj Group’s crisis, while the disclosures season approaches, MindCraft Consultants’ CEO Fadi Al Ghattis told Mubasher.
The transportation sector grew 2.24%, as Gulf Navigation surged 3.68% to AED 0.901, while Aramex increased by 2.5% to AED 4.1.
The consumer staples sector went up 1.37% after DXB Entertainments grew 1.54% to AED 0.33, while the real estate sector levelled up 0.94%, as Drake and Scull International (DSI) rose 3.3% to AED 0.627.
The banks sector added 0.74%, as Emirates NBD and Dubai Islamic Bank (DIB) went up 1.01% to AED 10 and 0.81% to AED 4.97.
The DFM’s trading volume reached 220.28 million, while the market’s liquidity amounted to AED 249.09 million.
Translated by: Muhammad Khalid
